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A So-So Week For EarningsBespoke Investment Group • Fri, May 24
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Best Buy's CEO Discusses F3Q 2013 Results - Earnings Call TranscriptTue, Nov 20, 2012
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Best Buy Management Discusses Q2 2013 Results - Earnings Call TranscriptTue, Aug 21, 2012
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Best Buy Management Discusses Q1 2013 Results - Earnings Call TranscriptTue, May 22, 2012 • 3 Comments
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Best Buy's CEO Discusses Q4 2012 Results - Earnings Call TranscriptThu, Mar 29, 2012 • 3 Comments
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Best Buy's CEO Discusses Q3 2012 Results - Earnings Call TranscriptTue, Dec 13, 2011 • 1 Comment
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Best Buy's CEO Discusses Q2 2012 Results - Earnings Call TranscriptTue, Sep 13, 2011
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Best Buy's CEO Discusses Q1 2012 Results - Earnings Call TranscriptTue, Jun 14, 2011
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Best Buy's CEO Discusses Q4 2011 Results - Earnings Call TranscriptThu, Mar 24, 2011
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Best Buy CEO Discusses Q3 2011 - Earnings Call TranscriptTue, Dec 14, 2010
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Best Buy Co., Inc. F1Q11 (Qtr End 05/29/10) Earnings Call TranscriptTue, Jun 15, 2010
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Best Buy Co., Inc. Q4 2010 Earnings Call TranscriptThu, Mar 25, 2010 • 1 Comment
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Best Buy F3Q10 (Qtr End 11/28/09) Earnings Call TranscriptTue, Dec 15, 2009
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Best Buy Co., Inc. F2Q10 (Qtr End 08/29/09) Earnings Call TranscriptWed, Sep 23, 2009
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Best Buy F1Q10 (Qtr End 5/30/09) Earnings Call TranscriptTue, Jun 16, 2009
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Best Buy Co., Inc. Investor Call TranscriptWed, Jan 21, 2009
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Best Buy F3Q09 (Qtr End 11/29/08) Earnings Call TranscriptTue, Dec 16, 2008
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Best Buy Co., Inc. F2Q09 (Qtr End 08/30/08) Earnings Call TranscriptTue, Sep 16, 2008
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at Fox Business (Thu, 1:27PM)
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at CNBC.com (Thu, 12:19PM)
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at CNBC.com (Thu, 10:53AM)
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at CNBC.com (Jun 9, 2013)
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at CNBC.com (Jun 7, 2013)
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at CNBC.com (Jun 5, 2013)
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at CNBC.com (Jun 3, 2013)
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at MarketWatch.com (Jun 3, 2013)
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at CNBC.com (Jun 3, 2013)
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at CNBC.com (Jun 3, 2013)
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at CNBC.com (May 31, 2013)
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at CNBC.com (May 31, 2013)
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at CNBC.com (May 31, 2013)
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at CNBC.com (May 24, 2013)
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at Fox Business (May 23, 2013)
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at CNBC.com (May 23, 2013)
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Business Wire (May 22, 2013)
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at MarketWatch.com (May 21, 2013)
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at MarketWatch.com (May 21, 2013)
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at CNBC.com (May 21, 2013)
BBY vs. ETF Alternatives
Company Description
We are a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. We operate retail stores and Web sites under a variety of brand names such as Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com,... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, February 21, 9:15 AM Best Buy (BBY) suddenly looks just a little bit more favorable to analysts as it benefits from mobile phone/tablet competition and gets subtle backing from consumer electronics firms anxious to limit Amazon's pricing power. Also to its credit, a new management team lead by CEO Hubert Joly has its hands firmly on the rudder. BBY -0.6% premarket, +46% YTD to complicate Richard Schulze's buyout bid. Comment! [Consumer, On the Move]
- Tuesday, February 19, 1:13 PM Electronics retailers continue to shift store space to refrigerators and furniture as they seek avenues of profitability. Though hhgregg (HGG +4.4%) has made the most dramatic product strategy changes to date, analysts think Best Buy (BBY +3.4%) and RadioShack (RSH +2.8%) won't be too far behind to enter more aggressively into the turf of Sears (SHLD +1.1%) and Home Depot. 3 Comments [Consumer]
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Tuesday, February 19, 9:10 AM
Premarket gainers: NVGN +130%. ODP +33%. OMX +26%. SPLS +14%. CEDC +8%. UNXL +8%. PWER +6%. BBY +5%.
Losers: HUM -10%. YNDX -8%. CI -5%. Comment! [On the Move] - Tuesday, February 19, 8:22 AM Shares of Best Buy (BBY) are up 3.7% premarket with a couple of analyst upgrades - Stifel to Buy and Barclays to Overweight - tipping sentiment along with big box merger mania (ODP-OMX). Extending its price-match was widely expected, it's the "stabilizing" revenue trends which are drawing in the analysts. Comment! [Consumer, On the Move]
- Sunday, February 17, 6:35 PM Best Buy (BBY) is making its price-matching guarantee, initially a holiday season promotion, permanent. Starting on March 3, the company will match the prices of "all local retail competitors and 19 major online competitors in all product categories." The glass-half-full view: Best Buy will cut down on showrooming, rob online rivals of a major selling point, and change consumer perceptions. The glass-half-empty view: Best Buy can't afford to do this, given the extra overhead it has, and those who shop online on account of its convenience won't change their habits. 25 Comments [Consumer]
- Thursday, February 14, 10:54 AM Shares of Best Buy (BBY +5.6%) have fully recovered from yesterday's late dive attributed to a case of nervous feet by Richard Schulze over his bid to buy the company. The volatile trading in BBY is partially related to confusion over what the impact would be if Schulze goes along with a P-E backed plan to take a non-controlling minority position in the retailer. 3 Comments [Consumer, On the Move]
- Wednesday, February 13, 5:45 PM Best Buy (BBY -2%) founder Richard Schulze is mulling whether to scrap plans for a buyout of the struggling electronics chain and instead (along with other investors) obtain a minority stake, the WSJ reports. Sources claim Schulze, who owns ~20% of Best Buy, hasn't yet secured enough financing for a buyout, which is leading him to explore his options. But no decision has been made yet. The report led Best Buy to dive in the final minutes of trading after rallying earlier. 3 Comments [Consumer, On the Move, M&A]
- Wednesday, February 13, 11:04 AM Best Buy (BBY +4.1%) continues to drift higher without any concrete news out on the company or Richard Schulze's go-private plan. NBG's Brian Sozzi says the read-through from the sluggish electronics sales numbers pulled from today's retail sales report is that the retailer's competitive prices aren't doing much to push revenue higher. 1 Comment [Consumer, On the Move]
- Wednesday, February 13, 8:41 AM More on Retail Sales: A 5.7% Y/Y increase in building materials and garden equipment jumps out (HD, LOW) while the sharp 8.3% increase in sporting goods (DKS, CAB) may have something to do with increased gun demand. Once again, electronics sales (RSH, BBY) came in soft. Comment! [Consumer]
- Thursday, February 7, 9:59 AM A tale of two big-box retailers: After bearing the brunt of the Amazon Effect, Conn's (CONN +1.2%) and Best Buy (BBY -0.8%) took different approaches to their transformation. Conn's decided to move toward a focus on selling furniture, refrigerators, and other higher-margin items while Best Buy starting pumping its services and mobile business. Over the last six months, it's been a period of falling same-store sales at Best Buy while Conn's has managed to make gains. Same thing with share price: BBY -20.3% vs. CONN +43%. 4 Comments [Consumer]
- Thursday, January 31, 12:46 PM More on Best Buy (BBY +1.6%): Shares continue to lift higher as the news of a potential scaling back in Canada is digested by investors. Confirmed reports of closures in British Columbia, Quebec, Manitoba, and Ontario are already in. Nothing official from the company has been released, although pressures from online pricing and the showrooming effect are being pinned for the action by analysts. Could this be a trial balloon for more U.S. store closures? 3 Comments [Consumer, On the Move]
- Thursday, January 31, 12:38 PM Some Best Buy (BBY +1.7%) stores in Canada appear to have been shuttered over the last couple of hours, according to the National Post. Reports are scattered, but at last count about 15 stores were affected by the unanticipated action. 1 Comment [Consumer]
- Monday, January 28, 10:22 AM The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year. 9 Comments [Consumer]
- Thursday, January 24, 12:13 PM Best Buy's (BBY +0.4%) Super Bowl advertisement will feature a comedic spin from actress Amy Poehler, but in the larger context will show that the retailer is still focused on separating itself from online rivals by stressing its tech expertise and customer service. The $4M gambit: In 30 seconds the company hopes to convince 100M viewers that a smartphone buyer should visit a Best Buy store for straight advice. 3 Comments [Consumer]
- Wednesday, January 23, 9:56 AM Is it all-or-nothing for Best Buy (BBY +2%) with the company either going private or going bankrupt? Maybe not, says Jim Cramer. He thinks Best Buy could adopt a "muddle-through" strategy to survive as a leaner and "less profligate" company that makes money. The factoid that bites: Best Buy BBY has 3X the number of employees of Google, yet only boasts 2% of Google's market cap. 10 Comments [Consumer]
- Tuesday, January 22, 11:04 AM Best Buy (BBY +4.2%) trades higher to reach a two-month high without any specific company news pushing sentiment. The buzz over Dell's own P-E deal could be bringing some investors back into the fold. 1 Comment [Consumer, On the Move]
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mman
21 review for $BBRY Z10 on $BBY shows average score of 4.7 (most love and came from iPhone 4/5, or legacy $BBRY): http://bit.ly/ZnQ2UW - View all 3 replies
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Chris DeMuth Jr.: Worth reading on $BBRY: The Future of BlackBerry - Will it be able to compete? http://bit.ly/14k4B3N -
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Tony Kau
$BBY great run, time to take profits - TE Score: -10! http://ow.ly/i/1KSw3 http://ow.ly/joI4R - View all 0 replies
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Dividend Sheet
$TEU $SLRC and $AINV are tomorrow's best yielding ex-dividend stocks - http://stks.co/r5gA - 19 companies with 4.44% average yield $BBY - View all 0 replies
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StockViews
Piper Jaffray upgrade $BBY to OVERWEIGHT. PT to $26. "believe new management is in the very early stages of a multi-year turnaround" - View all 0 replies
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Boaz Berkowitz
Best Buy follows Yahoo and ends work from home program. $BBY, $YHOO money.cnn.com/2013/03/05/technology/best-buy-work-from-home/index.html - View all 0 replies
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Saibus Research
other companies following in the footsteps of Marissa Mayer http://linkd.in/12uondd $BBY $YHOO - View all 0 replies
LATEST REPLIES
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1980XLS-2.0: Yes, but will the Banksters lend 'em the money? And, what will they want in return.
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MagicDiligence
Top 10 Current Magic Formula Stocks by Dividend Yield, Price/Sales Ratio, and Price/Book Ratio $PBI $LMT $BBY http://bit.ly/PQ1SEI - View all 1 replies
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J Mintzmyer
BBY has embarrassed me. I made a horrible call. The worst part was trusting the board. Cancelling repurchases but also blowing off Schulze? - View all 7 replies
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J Mintzmyer: Since my avg cost is abt $21 with long-term in mind, it's more a public embarrassment pain than fiscal. BBY is overweight 3x for me though.
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The Analyst Hub
BBY Told you this morning that the stock will not go down further http://bit.ly/PAjS69 See it recovered intraday - View all 1 replies
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J Mintzmyer
BBY is going to explode past eps estimates for tomorrow. Whether or not that will change the stock price... time will tell. - View all 7 replies
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J Mintzmyer: Spot on Matthew. I made a horrible call. The worst thing is that BBY's board has suspended repurchases. Worst possible move.
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J Mintzmyer: Suspending the repurchases while blowing off the Schulze bid is the most hypocritical childish thing they could possibly do- any thoughts?
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eabyrd: Prepare to get bombarded by a bunch of teenagers that act like they're experts when they haven't even hit puberty yet... -
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Canary Cash
Had a bid in for BBY Sept 23 calls that didn't get filled...was reading filings on edgar and 4pm arrived... we'll see what happens - View all 12 replies
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J Mintzmyer: Schulze's offer is smart and sufficient for himself and his team.
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stocktrend: Maybe but I wish Schultze either be more open on the offer to shut people who think offer is weak or some other player bidding onBBY be nice
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Ocean Man: That's a stock that's either worth 17 or 26, there's no in between, so it's going to fluctuate wildly based on new news and likelihoods.
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J Mintzmyer
BBY is a no-brainer buy right now. The $24-$26 buyout is a ripoff to long-term investors, but still up to 30%+ upside from today's prices! - View all 12 replies
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stocktrend: Sold my BBY this morning and just bought it again @19.53 Im just trying to be in it for the take over spec. But also trading it as it goes
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Seeking Beta To Your Alpha
BBY down over 7 percent after hours. Expect LBO rumors to be released to give support to the stock. Short term OTM calls for insurance? - View all 3 replies
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Seeking Beta To Your Alpha: LBO rumors materialized as predicted earlier this week...
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vandagreenwood
DUMB Question CPWM bought by BBY. Just sell it or is there some advantage to waiting for the buyout to occur? - View all 3 replies
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FortSumter
Lesson learned on BBY. Long on earnings miss looking for dead cat bounce which never happened. Call expiring worthless. #study - View all 1 replies
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Seeking Beta To Your Alpha: Census data shows drop in Q2 sales of electronic and appliance store sales. RSH & BBY's stock price might go the way of HGG.
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FortSumter
BBY Left sell order in place which apparently was filled at closing yesterday. Sold July $19 puts for 138% gain in 10 days. - View all 1 replies
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