Best Buy (BBY -3.8%) slips lower after S&P Capital IQ cuts its rating on the retailer to...


Best Buy (BBY -3.8%) slips lower after S&P Capital IQ cuts its rating on the retailer to Sell from Hold on a valuation call.
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Comments (2)
  • damonnoah
    , contributor
    Comments (2) | Send Message
     
    I don't even understand how BBY is at the price that it is. They have a negative margin for every product that goes out the door. They have an overhead and cost structure that is not sustainable. I'd be shocked if Best Buy was still in business in 5 years. I was short on BBY last year from 26 to 13 and suspect i'll get short again on this stock in the coming weeks.
    27 Mar 2013, 04:45 PM Reply Like
  • gezella
    , contributor
    Comments (2) | Send Message
     
    Damonnoah - How do they have hundreds-of-millions in positive cash flow from operations? Do you think services is doing that? Sales taxes? Do you honestly think exclusive-brands is losing money per product?

     

    You didn't need to tell us you were short BBY last year; your comments say that clearly enough.
    28 Mar 2013, 06:42 AM Reply Like
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