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Best Buy (BBY) seems to be treading water (at the very least) with its price-matching program...

Best Buy (BBY) seems to be treading water (at the very least) with its price-matching program helping to boost sales without destroying gross margins (22.6% vs. 23.1% LY) to the extent some analysts predicted. The retailer's free cash flow also beat most estimates with accounts payable not getting stretched out to accomplish the trick a la J.C. Penney. BBY +6.5% to $17.46 premarket. (Earnings: I, II)
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Comments (1)
  • losbronces
    , contributor
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    Should be interesting to see what it does today in light of no buyout happening.
    1 Mar 2013, 08:28 AM Reply Like
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