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Heard on Best Buy's (BBY) Q3 earnings call: 1) The company still sees employee training leading...

Heard on Best Buy's (BBY) Q3 earnings call: 1) The company still sees employee training leading to a competitive advantage as it transition to become the go-to place for hands-on electronics expertise. 2) On the retailer's price-match program, execs can't be cajoled to disclose the impact on gross margins but do note the firm's blue shirts on the floor now have the power to close sales easier. 3) The lower outlook for free cash flow factors in both lower margins and timing of inventory positions. 4) The rate of decline in net income is expected to moderate in Q4. (webcast)
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