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Also piling on Best Buy (BBY -3%) is Fitch, slashing the firm's credit rating to BB- with...

Also piling on Best Buy (BBY -3%) is Fitch, slashing the firm's credit rating to BB- with negative outlook. Financial leverage hit 2.9X at the end of Q3, up from 2.6X at the end of 2011, and Fitch believes it could hit the 4X area in 2013-14. (previous)
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  • vallies
    , contributor
    Comments (351) | Send Message
    Well let's get it out of the way; you walk down BBY's aisles and you pass DVDs/NFLX, the cd section/iTunes, washers/slow housing??, T.V.'s/a 5 to 7 year cycle, and one gaming system for this season. Lets not forget about AMZN. The showcase, showroom is now officially dead, or is it. There are certain aspects of the above that has future events on the horizon and others that can be addressed. Companies are all jocking for this and BBY can be apart of this. Have any of you checked out the possibility of turning your whole living room into a virtual 3D gaming experience, MSFT has. Check out the XBOX 720. They also are making a set top box. MMM, wonder what that's all about. Does any body out there know what IPTV is? It's called Internet Public Television. AAPL has along with GOOG, Samsung and a host of others. T is spending 14b on its infrastructure, and has partnered with IBM. I was speaking with a person at work and he stated that he was sick of a bunch of channels he had to pay for and didn't watch. Let's not forget about the 1 billion need Viacom got from us. You know T.V. used to be free. People are ready for a change. So how does this help the struggling BBY, if you go to view The XBOX 720 you'll see a show room is going to be needed. But what till then, AAPL which could be out next NOV. and who wants a T.V. sent through the mail, not me.So what,it's just a T.V. , not so It's IPTV. Think of all the things you do on your 7inch ipad, then take that thought and look at your wall. Program all the things you like, a nice pair of stereo speakers, and you can come home from work and enjoy. Me Live From Daryl's House would be top priority, or a set list of always new hand made videos from You Tube. The Alan Parsons Project I Robot by Eduardo Vivona is utterly amazing. Hand made CGI at its best. Try taking a look at some of the short movies or hand made tools for creating some of these films on Vimeo.It's all out there folks, a new way to enjoy art. But won't this hurt BBY's sales in movies and music, I believe it already has.Instead maybe they can focus on something else for that space. Maybe they can rent some of that space to a coffee shop or an actual music store with instruments. I remember a music store called Gerber Music that had a couple of musicians trying out guitars, I said to the clerk they sound just like The Marshal Tucker Band, and the clerks reply was, " That's because it is'. what I am trying to say in an wondering of way is, how about supporting local acts or touring bands. I think Walking the Moon, or Red Wanting Blue would have brought people in and with a cup of joe would have had them staying put. How about the touring act Fitz And The Tantrums, have you seen them on Palladia. Now that is a band who works hard for their fans and would love to show up and sign autographs. Hey " MoneyGrabber' could be on your IPTV set list. It's a great video, give it a look. Oh, do you know housing inventories are getting low, mmm? As far as AMZN goes if France has its way, well. There our those who Blaze and those who graze and things are getting ready to turn. I just hope BBY will be in that space for that time. It's up to BBY to make these choices and there is a lot they can do. lets just hope they do it cause somebody else will if they don't.
    22 Nov 2012, 05:27 PM Reply Like
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