Comments for BBY - Stockpickr! Your Source for Stock Ideas

Comments for BBY

Added By	Comments	Type	Date Added
barrons3	Best Buy (BBY) keeps going higher despite worries about margin compression. Probably no margin compression.	Love	November 27, 2009
barrons3	Best Buy, the consumer-electronics giant, had an inventory-to-sales-growth ratio of 84% in the fiscal quarter ended Aug. 29 A ratio below 100% means inventories declined at a greater pace than sales, or grew by less than sales. Indeed, in Best Buy's case, sales surged 12% in the period, while inventories shrank 6%. Best Buy trades for 14 times estimated earnings of $2.94 a share for the year ending Feb. 28, and 13 times fiscal 2011 estimates of $3.18. "Best Buy is poised to win this holiday season," says Kevin Grant, co-manager of Oakmark Fund, which owns the shares. "The big thing today is the connected lifestyle. Best Buy is at the forefront." Though Grant says Wal-Mart Stores (WMT) has done a "great job" in consumer electronics in the past year, there is less overlap with Best Buy's product offerings than one might think. Grant expects Best Buy's shares, now 42, to outperform the market next year.	Love	November 14, 2009
barrons3	This morning Philips (PHG), the big consumer company, reports a great number and heralds the return of the consumer. Good time to short Best Buy (BBY)? I don't think so.	Love	October 15, 2009
RhinoStocks	While analysts decided to downgrade Best Buy last week, this stellar retail stock could impress a set of investors with newly lowered expectations when it announces earnings on September 15.	Love	September 13, 2009
Haley Creek	overpriced	Hate	September 09, 2009
jmarfil12	With the closure of Circuit City, there does not seem to be any major competitors, except possibly if Walmart's expanded electronics line competes well.	Love	September 05, 2009
edward f fenning	pharma	Love	September 05, 2009
jwmcda22	why would you pay up for something you can get somewhere else cheaper. go in the store find what you like with the highly trained workers then go home and order it off the internet	Hate	August 28, 2009
robert sole	like the company and got dip when they beat earnings and droped because with circuit city out of the way they should have done better ?	Love	August 09, 2009
barrons3	Others are showing signs of coming to life after a vicious beatdown, including SanDisk (SNDK) -- I still don't think there was that big a deal there -- Yum! Brands (YUM), Abbott Labs (ABT), Best Buy (BBY), Corning (GLW) and Verizon (VZ).	Love	July 30, 2009
stockman13	slowing consumer spending and poorly run stores.	Hate	July 16, 2009
Stockpickr Staff	On July 13's "Stop Trading!" Cramer mentioned Oppenheimer's upgrade of Best Buy( BBY) and Thomas Weisel's upgrade of SanDisk (SNDK). "This is all gadget-buying," he said. "The gadget-buying rally was really something that got started when gasoline was going down." <a href="http://www.thestreet.com/story/10542163/1/cramers-stop-trading-goldman-sachs.html" target="_blank">Read more here.</a>	Love	July 14, 2009
barrons3	That means you can make a lot more money on the oil-user side: retail like Kohls (KSS), J.C. Penney's (JCP) and Macy's (M); restaurants like Brinker (EAT) and Darden (DRI); apparel like Jones (JNY), VF Corp. (VFC) and Nike (NKE); as well as anything that goes into Best Buy (BBY).	Love	July 08, 2009
barrons3	Considering the consumer is facing so many headwinds Coburn told us consumer names seem particularly vulnerable to a pullback. As a result he’s bearish of Best Buy (BBY) and hhgregg (HGG). Coburn thinks Best Buy is a long-term short.	Love	June 24, 2009
catalite	If you can buy it easier over the internet, sell the big box stores that supply it.	Hate	June 22, 2009
barrons3	Buy - Price 35.84 on June 17 by Jefferies & Co. First-quarter EPS came in at $0.42, well ahead of our $0.35 estimate and consensus of $0.34. On the beat, we are raising our FY10 and FY11 EPS to $2.95 and $3.28 from $2.90 and $3.10, respectively. Smaller-screen LCDs [liquid crystal displays] are growing as fast as large screens, with LED [light-emitting diode] TVs experiencing strong growth. Best Buy currently has 9 LED SKUIs, and will be expanding the assortment as the year progresses. Market share accelerated as it gained 200 basis points over the three-month period ending in April. The March share gain was 240 basis points. April came in slightly below this, and May has been consistent with these figures. Our 12-month price target of $43 is based on BBY shares selling at 14.5x our FY10 EPS estimate of $2.95. This is in line with its historical forward 3- and 5-year P/E. We would normally argue for even higher P/E during the early cycle retail trade, but we believe the market will discount potential risk from product-cycle maturation. Market cap: $14.8 billion.	Love	June 20, 2009
barrons3	It has been a long time since we have been "due" to go higher, but since there had been an extra unbelievably long time that we were "due" to go down, I don't think there's much of a reason to believe that matters. One could argue that today's discretionary call, Carnival (CC) -- Tuesday was Best Buy (BBY), yesterday we had FedEx (FDX) -- wasn't a nightmare, so we can take that off the table. Maybe even someone will interpret bookings as higher revenues and therefore positive!	Love	June 18, 2009
barrons3	Are people overestimating the discretionary income that people have after a Best Buy (BBY) disappointment? Is Best Buy's appliance figure such a bummer that everything has to come down? I don't think things are that drastic, but they aren't so hot. Best Buy looked terrible vs. last year.	Love	June 18, 2009
Stockpickr Staff	He said that rather than trade individual stocks, "people want to trade ETFs." And when it comes to retail ETFs, he prefers PowerShares Dynamic Retail (PMR) to Retail HOLDRs (RTH). There's "too much concentration in the RTH," and Best Buy (BBY) is "controlling" it, he said. The ETF is "not a good judge anymore." "PMR is the better ETF to trade if you're negative on retail," Cramer said. <a href="http://www.thestreet.com/story/10517536/1/cramers-stop-trading-retail-etfs.html" target="_blank">"Cramer's 'Stop Trading!'" 6-16-09</a>	Love	June 17, 2009
Stockpickr Staff	"RBC capital raises Best Buy's (BBY) numbers." <a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=6c8123e4-7f05-4364-8622-9c2900a26c15" target="_blank">"Retail Is a Microcosm of the Broad Market," 6-15-09</a>	Love	June 16, 2009
barrons3	The beauty of China’s stimulus is that, unlike the U.S. tax rebate of 2008, these coupons can be used only for designated appliances. So the money spent goes directly to the industries that need it most. General Electric (GE), Corning (GLW), Whirlpool (WHR) and Best Buy (BBY) are just a few of the companies that could benefit most from this spending. The inventory glut they’d suffered through will most likely give rise to empty warehouses thanks to this Chinese demand.	Love	April 30, 2009
barrons3	We've seen it going on since the market bottom, the endless driving of tech higher and higher. We get the wireless bottom, thanks Nokia (NOK); the personal computer bottom, thanks Intel (INTC); the gadget bottom, thanks Taiwan Semiconductor (TSM); the TV bottom, thanks Corning (GLW) and Best Buy (BBY); the software bottom, thanks to Oracle (ORCL) buying Sun Microsystems (JAVA) for its software and IBM (IBM) celebrating its software on its quarter; and the dot-com bottom represented by great earnings from Google (GOOG) and decent numbers from rejuvenated management teams at Yahoo! (YHOO) and eBay (EBAY).	Love	April 23, 2009
barrons3	Retail sales were up more than expected in February, hence the upgrades in Home Depot (HD), Best Buy (BBY) and Target (TGT) by Jefferies. Unemployment claims are not getting worse.	Love	March 19, 2009
tradetowin	No more Circuit City, where else are you going to go	Love	March 15, 2009
sarah z	From a recent Mad Money show: "Despite Goldman's comments that Best Buy was going to a huge step up in earnings because of Circuit City, he says consumer spending is too weak and to take your profits on this stock."	Love	February 18, 2009
sarah z	From a recent Mad Money show:"Despite Goldman's comments that Best Buy was going to a huge step up in earnings because of Circuit City, he says consumer spending is too weak and to take your profits on this stock."	Love	February 15, 2009
vnhongv	electronic retails is a bad sector	Hate	January 23, 2009
Bigtay6187	I work for the company and participate in a stock purchase plan.	Love	January 15, 2009
rishib1980	i like technology	Love	January 10, 2009
barrons3	But you find your favorite tech that hasn't moved much -- we like Qualcomm (QCOM) and Cisco (CSCO) for Action Alerts PLUS, plus Research In Motion's (RIMM) right because of new products -- and you buy a mortgage play -- Wells Fargo (WFC)? -- and you can buy a down-and-dirty retailer that you have faith in, but hold your nose. I can get with Best Buy (BBY), and I like the yield support of JC Penney (JCP). You can buy deep-in-the-money calls for MasterCard (MA) -- remember, it did report a fantastic number.	Love	January 08, 2009