Just adding my 2 cents here.... to the conservatives on this thread especially the elders. I read through this thread and determined you have no idea what you are talking about. I respect your age, but if you grew up in the 50-60 then you had everything handed to you on a silver platter. Period and dont even try to deny it. Life was very easy for you post the great wars and cost of living was insanely low. One money earner could raise a family of 5 or 6 on minimum wage back then due to middle class buying power. Then you guys got lazy and protective and you made the biggest mistake in the last 100 years of american history by allowing reagan to implement reaganomics which moved money out of the middle class overnight and put it the top 1% pocket. It was welfare in reverse. As for the minimum wage argument, all I am going to say is learn how money systems work. minimum wage doesn't matter nor does welfare. Please go learn why. The main reason is that those on min wage or welfare cant save. Thus, the only thing that really matters is tax inequality and that was the ultimate form of welfare anyone could have given the 1% along with deregulation of middle men (bankers).
To the democrats, although I sided last election with Obama and still would if asked to again due to how bad our republican party is, he is a #$%$ president. He did little with his tenure although he is not nearly as bad as the conservatives make him out to be. Dont tell me he is the worst liar in 100 yrs. Those honors belong squarely on 4 republican presidents, Nixon (Watergate), Reagan (Reaganomics), Bush I and Bush II (lies about the war in Iraq and furthering Reagan policies). All four of these jewels also increased our deficits at record rates during GOOD economic times COMPARED to what Obama inherited. By the time Obama got in, he had no choice (literally it was not really up to him) and had to flush the market with tons of money or enter great depression. There was no other option. Period.
Yep and we all knew it the minute they started popping up everywhere. Their business model does not work in today's competitive and highly available market. It might work in rural areas but even then Amazon has destroyed over-priced boutique type stores.
It wont help because the only model that works under heavy competition is one that competes on price. The problem with Best Buy is #1, they are not experts and the employees are not an asset to 75% of customers making them dead weight. Without #1, BBY is just a retail store with high prices and bad return policies. I actually tried to give them another shot last year when they implemented price matching. Do you know what happened? I went in trying to price match a battery for my cameras at work. I needed 6 batteries. They price matched one and wanted me to pay full price for the rest. The battery was $12 on amazon... their price? $29. Do you really think I would ever go back there again and waste my time? I will just drive to Fry's, buy online, or go to Walmart who does price match properly and have very lenient return policies.
The days of electronic boutiques are long gone. Customers of electronics know more than the salespeople thus you cannot up-sell them 90% of the time. This means that they need to eliminate 75% of their workers, reduce costs, and be friendly to customers contractually via pro-customer return policies and special discounts that put them over competitors to give people a reason to shop there. If they just match others they will never advance because people would rather shop from places they have good relationships with like Frys (for best prices), Walmart (if they have the product you need), Costco (best customer service policies), and Amazon. Between those companies, BBY has absolutely nothing to offer.
Its generally hard to go under when real estate is healthy. Hard asset REITs will not have a problem for a while. mREITs can get in trouble if not hedged properly but otherwise, it is nearly impossible for a mREIT to go under unless grossly mismanaged or if it is designed to fail from the start, similar to inverse stocks. They serve a purpose at a time, then they are allowed to fail. In terms of poor management however, the worst managers in the mREIT space today are the guys at ARR (formerly BMNM). See their performance on yahoo charts:
In what logical world is that better? Maybe only to the short holder who wants to flip for capital gains but it does not help real investors nor the business. Always buy back when you are discounted significantly below book. In fact, I would eliminate the dividend altogether and buy back as much as possible if it were not for regulations.