Tuesday, September 18, 2007

Best Buy Beats!

Just days after posting the article about the problems with Best Buy, they beat the street for the first time in a long time.

International sales and online revenue helped lead the surge, which hopefully means the company can sustain some level of growth in the future.

However, even though they beat the street and raised estimates, I remain bearish on the stock long term because of increased competition and troubling same store sales, which were up just 1.7%.

I am a shareholder of Best Buy, and I believe the stock could hit $60 a share in the short term; however, the long term growth I continue to question.

If you have another opinion, I am always open to feedback! Cheers!

9 comments:

Andrew Pratt said...

Ah Best Buy...Used to be in it. The geek squad and HD TV's will continue to help it when compared to Walmart. It is a volatile stock, so I am sure you have seen it go up and down the past few years. It turns on a dime, and I too think it can be a good short time buy.

Anonymous said...

Technology really is an inescapable aspect of our daily lives, and I am fairly certain that we have passed the point of no return in our relationship with technology.


I don't mean this in a bad way, of course! Societal concerns aside... I just hope that as technology further advances, the possibility of transferring our memories onto a digital medium becomes a true reality. It's a fantasy that I dream about all the time.


(Posted on Nintendo DS running [url=http://kwstar88.livejournal.com/491.html]R4i SDHC[/url] DS NetServ)

Anonymous said...

My friend and I were recently talking about how we as human beings are so hooked onto electronics. Reading this post makes me think back to that debate we had, and just how inseparable from electronics we have all become.


I don't mean this in a bad way, of course! Ethical concerns aside... I just hope that as memory gets less expensive, the possibility of transferring our brains onto a digital medium becomes a true reality. It's one of the things I really wish I could experience in my lifetime.


(Posted on Nintendo DS running [url=http://cryst4lxbands.sosblog.com/-b/Will-the-R4-or-R4i-work-b1-p2.htm]R4 SDHC[/url] DS Ting2)

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