Seeking Alpha
  • J Mintzmyer
    BBY is a no-brainer buy right now. The $24-$26 buyout is a ripoff to long-term investors, but still up to 30%+ upside from today's prices!
    8/7/12
    Reply (12)
    • TruffelPig: But is it going to happen??
      8/7/12
    • stocktrend: You can count that the BOD is really thinking about this offer and they better get it cause the odds of surviving will be hard and long wait
      8/8/12
    • stocktrend: They might counter in the next few days with $32 my guess either way Im in and up already
      8/8/12
    • J Mintzmyer: $30+ is a good deal for all parties. @Truffel-- if it doesn't happen $19.50 is a great entry point for a strong cashflow company!
      8/8/12
    • stocktrend: So now the BOD wants to wait till after earnings to talk about the bid, this is getting hot.
      8/8/12
    • stocktrend: The only reason of the wait makes me think that earnings will be good or the guidance news in it that will take the price up so they will
      8/8/12
    • stocktrend: Ask for more money on BBY?
      8/8/12
    • J Mintzmyer: Definitely. $30 should be the min on the range. BBY had a great year 2011 despite the holiday hiccup (order glitches). Loss was paper only.
      8/8/12
    • J Mintzmyer: This is also low-key, but BBY has been buying back shares like crazy since low $30s. Earnings might not go up, but EPS will surely bump.
      8/8/12
    • stocktrend: Agree with you J M 100%
      8/8/12
    • stocktrend: Sold my BBY this morning and just bought it again @19.53 Im just trying to be in it for the take over spec. But also trading it as it goes
      8/9/12
    • stocktrend: Lower still believe its going to happen
      8/9/12