Shares of Best Buy take off

Shares of Best Buy (BBY +7.6%) start the day off with a bang.

The company hasn't released any news, but the word on the street is that ITG is putting out a positive note on the retailer's sales trends.

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Comments (4)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    Now that they basically match amazon pricing it makes no sense to wait 3 days for an item to ship just go to $BBY and pick it up. I've bought a TV, headphones, and a few other things from $BBY all matched the same price as amazon...
    10 Oct 2013, 09:50 AM Reply Like
  • User 11386181
    , contributor
    Comment (1) | Send Message
    What good is having higher revenue and lower profits? That's what their price matching strategy will generate.
    10 Oct 2013, 10:10 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
    $BBY's cost cutting measures should help stabilize the margins... if I'm not mistaken they have been in the process of shrinking store sqft averages, adjusting employment #s, etc...


    Assuming that's still going on they probably will see a net increase... I don't own $BBY and haven't followed them much I'm just a fan of $BBY and am pulling for them to beat this transition they are going through.
    10 Oct 2013, 10:18 AM Reply Like
  • jmjjmj1
    , contributor
    Comments (183) | Send Message
    Well that is AMZN's whole strategy perhaps BBY will trade at 200/share with this great strategy??
    10 Oct 2013, 10:14 AM Reply Like
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