Worse for shorts is yet to come on May 21 morning when they announce that they beat the est .of $0.25 Joly is on the mission to take the BBY stock to $35 by September.
$0.25 when they report on May 21(Tuesday) before the market opens. I think they will beat the est. by 5 cents. When Boehner brings the MPFA act on the floor of the House, enough republicans will vote to pass it and make it a law even if Boehner doesn't vote for it . Joly is too smart and knows what he has to do to have the momentum rolling on the upside.
BHP,RIO and VALE down today from just 0.5% to 1.5% while this POS down 5% or more. Thank you td for Ex dividend date info. Good luck all longs.
Down more than 5%. this #$%$ just doesn't stabilize because no one believes in it or have respect for it. Iron price still around $129.40. So what gives? Dividend is only $0.15 so why down so much today. BTW is dividend Ex today or on Fri 5/17?
MPFA will be a law soon and it will surely help BBY's sales. Second, Joly is really a smart CEO and he will cut costs that he has promised and may even close some stores in Far East like in Japan.. and bring cash here. Third, I think they will beat Q-2 est.earnings of $0.25 . It will be more like $0.30 or higher. All these will be plus for BBY and stock will @ $30 in six months. Sold 40% just to take some huge profit I had but the future of BBY is Bright now.
The matter is very relevant. AMZN has until now the Playing Field advantage of NOT PAYING Sales Tax and drove Borders Bookstores, Circuit City and many smaller stores out of Business and they would like to do the same to BBY , BBBY WSM, Sears, Kmart and whoever other ton of smaller mom and pop stores they can put out. When stores in the Malls close, they also affect badly other businesses like restaurants, Movie Cinemas, and many other recreation facilities. This can cause a chain reaction. Unemployment can zoom to 25 plus % in retail business and even your job may be trouble.. Mr. mess. So don't be so superficial and stupid. Bozo is not any super smart. He is just taking he advantage of this loophole .
Well they say the MPFA will hurt small onliners and they should not have to pay sales tax. But there are 10,000 times more smaller mom and pop brick-and-mortar stores whose revenues are well under $2,000,000 and they barely net $100,000 or under and they have to unfairly compete with even smaller Onliners who can charge 6%-10% less if they don't have to pay ST and take away the mom and pop store's business. What about them????????So the playing field MUST be leveled .... small or big onliner. If this MPFA becomes finally a law and it will, AMZN's( Bozo) stock will go down eventually to under $50. If they can't EVEN make any money with this playing field advantage they had.. how they are going to deal with if they must collect the sales tax??. People will go to stores and buy more and more there instead online. The SHOWROOMING will be DEAD.
It remains steady around $130. As long as the IO price over $120, CLF will continue to make decent money. Also they are beefing up their balance sheet from what happened in 2012. So all in all its a big plus for CLF in 2013.
BBY will beat Q-2 Est. E of $0.25. Joly is cutting cost drastically and the MarketPlace Fairness Act to be a law soon will further help stop Showrooming and people will actually buy the products they came for showrooming. BBY will get to $30 by the end of Q-2. Remember this stock was once over $45.
Iron ore price up 1.4% yesterday @ $130 and Yahoo upped the June QTR earnings est from $0.52 to $0.72 now. So every thing is going CLF's way. The stock will easily be around $30 in less than 6 months.
Passed by the Senate 67 to 28 today. Next step House and soon to become the law. Not enough votes in the House to deny it. This will take away the playing field advantage of 7%-10% SALES TAX that big ONLINERS like AMZN and EBAY had. No more show rooming for BBY and it will get to $30 by June..No soup for you BOZO.. Come back after one year...LMAO.!!