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Best Buy Co., Inc. Message Board

vipinkot47 1013 posts  |  Last Activity: Apr 17, 2015 5:07 PM Member since: Jun 9, 2009
  • vipinkot47 vipinkot47 Mar 29, 2015 2:26 PM Flag

    Fortescue likely will file for BK unless Aussie Gov. steps in and help them with cash infusion.

  • $30 mil Quarterly losses that it incurred every QTR when SB IO price went below $85.So, Q-1,15 will save $020/sh of BL loss. Exchange of Notes will save another $129 mil yearly in debt and if they sell 2 coal mines and use that to reduce debt down to $2 B, It will save another $30 mil in interest. All these sales, and BL now in BK and Closed down may save another $25 mil in CapEx and another $25 mil in SG&A. So I think for 2015 , CLF may be able to report $1.50-$2.00/sh in earnings and that can drive share price to $15-$20..IMO. Any Comments?

  • Reply to

    I AM WAITING FOR $0.75

    by random_person_that_you_dont_know Mar 19, 2015 9:56 PM
    vipinkot47 vipinkot47 Mar 29, 2015 1:51 AM Flag

    why don't you wait for $0.05.. you little jerk. !!You be waiting till donkeys FLY.

  • Reply to

    Lots of green between now and Q1 earnings

    by clfcomeback Mar 27, 2015 5:38 PM
    vipinkot47 vipinkot47 Mar 28, 2015 10:25 AM Flag

    sugar.. thats because he didn't capitalize on earnings performance and didn't get on CNBC and/or Bloomberg and pitched for CLF and how well the company did and what his next goals are and how he will reignite Cliffs. He missed the boat. Hope if Q-1 earnings are good , He becomes more VISIBLE.

  • vipinkot47 vipinkot47 Mar 27, 2015 9:10 PM Flag

    matt...CLF will reduce SG&A expenses under $100 mil by the middle of 2015 once they sell 2 Coal mines. Also BL now in BK has little SG&A.. APIO runs on a bare minimum expenses. All these will also bring down CapEx to around $100 mil. Their CapEx was around as high as $800 mil till the end of 2013 So there is a drastic reduction. Once LG sells Coal mines and reduces debt to under $2 B, the Interest cost will go down from $180 mil to $100mil-$125 mil. Q-1 CC will tell a Lot.

  • Reply to

    Lots of green between now and Q1 earnings

    by clfcomeback Mar 27, 2015 5:38 PM
    vipinkot47 vipinkot47 Mar 27, 2015 8:58 PM Flag

    LG needs to come up with positive Earnings as WS is expecting a loss of $0.17. That will kick up the stock price. IF he announces any sale of Coal and other assets, that will be another plus.

  • Reply to

    Thanks CLF.

    by benstevens75 Mar 27, 2015 6:28 PM
    vipinkot47 vipinkot47 Mar 27, 2015 8:21 PM Flag

    You got a GOOD POINT. Write to Speaker Boehner . US can use a lot US made steel for infrastructure

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 8:14 PM Flag

    bart...They can sell US IO pellets for $90/ton minus $60 total cost of Production, CapEx and SGA = $30/ton Gross Margins....IMO

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 8:09 PM Flag

    bart.. CLF's USIO operations will make a gross margin of $30/ton after deducting Production, CapEx and SGA expenses .They likely to sell 4 mil tons..in Q-1. That makes $120 mil EBITDA + $10 mil EBITDA ($5 x2 miltons) from APIO operations +$0 from NAC Coal .=. Total EBITDA $130mil
    Interest $45 mil+ Dep/Am $30 mil(or less) + Preferred Div $13 mil =($88mil)
    EBITDA before 10% Fed taxes................................................................. = $42 Mil
    Fed Taxes.................................................................................................... = ($4mil)
    Net profit in Q-1.........................................................................................= $38 mil or $0.25/sh based on 153 mil sh

    I hope I will be close to the actual E. when they come out in late April. Any comments from anyone here on my Math and Numbers?

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 5:00 PM Flag

    Its a $5.8 B write off AND not $9B ..and it is all on the paper. Yes they screwed up big but its time to sell those assets and just concentrate on US operations. and in 2 to 3 years CLF stock will be at $40. LG did the same at Metals, Inc. He took stock from $2 to $23 BY GETTING RID OF UNPRODUCTIVE STUFF AND CUTTING COST.

  • Reply to

    what a glorious stock to be short

    by ohtaegun Mar 27, 2015 4:08 PM
    vipinkot47 vipinkot47 Mar 27, 2015 4:30 PM Flag

    oht...It was but NOT Now at this low level!! LG loves to surprise WS and he will surprise all of us with a decent Q-1 earnings of some $0.25/sh vs Analysts' $0.17 Loss estimate and once again Analysts will fall flat on their faces . He may Even announce the sale of some assets.

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 4:18 PM Flag

    I told you it was a great business to buy those Can Mines which were very profitable when IO was selling for $150-$190/ton. But Past MNGT was not foresighted and didn't think well enough to see what would happen to this smaller company when boom in IO fades away and got stuck with all that debt .

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 4:04 PM Flag

    bart..CLF doesn,t need to sell IO at $200. They can sell under $100 and STILL make bi profit. Their problem is that this was once a local or just US company and then the previous MNGT spent huge money like borrowed $4.9 B to acquire Thompson BL comlex Can mines . They did well while prices were above $150 and They became International, But now that IO price is cut in a third, DEBT is Now haunting them. So LG must cut debt , reduce interest payments, sell those non-core assets and bring cost in line with profit and NOT EASY to DO.

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    vipinkot47 vipinkot47 Mar 27, 2015 3:45 PM Flag

    skittle.. CLF is in pellets and not crush or fines and 75% plus of its business is in USA.. Also I checked that 62% Fe Fines IO pellets in India and China is selling for $100-$105/ton plus Vet Tax . So CLF's $90-$99/ton pellet selling price is very fair. Like LG said, the cost of bringing pellet or making pellets in this country will be North of $100 and prohibitive.

  • In my thinking the critical points making a material impact on CLF's share price are two (2) things.
    1) Earnings... Q-1 Results will speak a volume . IF LG brings all Cost withing the operating profit margins , and show net Earnings like $0.10 to $0.30, then we will know that he has streamlined all operations.
    2.) Debt Reduction...If he is successful in selling all or some non-corer assets.. He MUST sell at least both coal mines . They are either neutral or in a little loss . Sale of Coal mines may reduce debt by $350mil-$400 mil. APIO still makes little profit so he can ride it out.. but if he sells its even better for more debt reduction. Exchange of Bonds will also reduce debt by $129 mil. So the Debt can get down to $2.0 B or slightly under with Coal mines sale and Bond exchange. Which is manageable. BL is a very complex issue . but CLF will make some money eventually when a buyer steps forward.

    With Debt reduction will result in lower interest payments and othercost cuttings, If CLF shows net positive earnings in Q-1 ( Analysts est. are minus $0.17), In my estimate, the stock may get to $10-$12 by June / September.

  • Reply to

    Other Income

    by w999surf Mar 27, 2015 8:56 AM
    vipinkot47 vipinkot47 Mar 27, 2015 9:19 AM Flag

    surf.....EBITDA numbers are after deducting CapEx and SG&A expenses but before Interest, Dep and Amortization, Dividend and Taxes? Am I correct?

  • In 4 weeks after they report Q-al1 results in next 4 weeks. E. est. is( $0.17) but they will be at least $0.25 and Debt will be close to $2 B after 2 coal mines are sold.

    EBITDA...... USIO $120 mil plus APIO $10 mil == $130 mil total EBITDA
    interest $45 + D&A $30 mil + Preferred Divy $13 mil == ($88) mil
    EBITDA before Fed Taxes.......................................................$42 mil
    Fed Tax @ 10%.......................................................................($4)mil
    Net Earnings .............................................................................$38 mil or $0.25/sh ($38 mil/153 mil shares)

  • that will diversify stores...........Breaking News on Bloomberg

  • Reply to

    Earnings out and they suck big time...

    by beefstu57 Mar 26, 2015 4:08 PM
    vipinkot47 vipinkot47 Mar 26, 2015 8:55 PM Flag

    They made $244 mil E and beat last years QTR by 13.2%( $2.15 vs.$1.90) and you talking about BK like an idiot. They should STOP giving Guidance, cut some fat and expand more profitable Consumer Electronics and Wireless Services Stores instead more Video stores and buyback more shares at this very low price. This year their earnings will be $3.44 vs. $2.99 year ago ie. 15% rise. So STOP throwing that garbage.

  • vipinkot47 by vipinkot47 Mar 26, 2015 9:22 AM Flag

    LT Debt is $2.6 B and Total Debt is $2.7 B. LG will take it down to under $2B by the middle of 2015

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