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Best Buy collateral damage: An earnings warning from the embattled big box retailer spills over...

Best Buy collateral damage: An earnings warning from the embattled big box retailer spills over to taint shares of peers hhGregg (HGG -9.7%), Conn's (CONN -1.9%), and RadioShack (RSH -3.2%). Also trading weak on the day are office supply sellers OfficeMax (OMX -1.8%) and Office Depot (ODP -1.4%) with the notion floating around again that the combination of a strapped U.S. consumer and a competitive pricing environment for electronics doesn't bode well for profits.
Comments (1)
  • gomgk
    , contributor
    Comments (19) | Send Message
     
    Having friends working at hhgregg, their planned nationwide rollout of new stores with a strategy of bucking the "Best Browse" trend
    by emphasizing personal service and a shift to focusing on Appliances, furniture, and MAP priced electronics, I'm a buyer at $6.30. A relative sure thing to see $7.50 by Black Friday. And, you could go long to $9.00.
    25 Oct 2012, 05:48 PM Reply Like
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