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2 Dividend Paying Comeback Kings In 2013Anthony Parsons • Wed, May 1 -
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Dollar General: Full Steam Ahead?Black Coral Research • Mon, Apr 8
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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 2009 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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Best Buy F1Q09 (Qtr End 5/31/08) Earnings Call TranscriptTue, Jun 17, 2008
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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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- | On the move
- Tuesday, April 30, 3:58 AM Best Buy (BBY) is selling its 50% stake in Carphone Warehouse back to Carphone Warehouse for $775M. BBY paid $2.15B in June 2008 to expand its stake from 3% to 50%, but its plans to roll out Best Buy Europe big box stores were aborted in 2011. BBY will take a non-cash charge of $200M for the sale in Q1. Best Buy, which still operates stores in Mexico, Canada and China, says the move does not signal any similar action in our other international businesses. (PR) Comment! [Breaking News, M&A, Consumer]
- Friday, March 1, 4:53 AM Talks between Best Buy (BBY) and a group made up of founder Richard Schulze and three private-equity firms over the consortium taking a large minority stake in the retailer have reportedly ended after it was unable to attract the necessary debt and equity financing. Schulze had originally wanted to take Best Buy private; he had until last night to organize a bid, but he'll now have to wait until next year if he wants to try again. 1 Comment [Consumer, M&A, Top Stories]
- Tuesday, February 26, 4:48 PM Best Buy (BBY -3.2%) -1.3% AH, adding to the day's losses, after 5 sources tell Reuters Richard Schulze's buyout attempt is in jeopardy thanks to financing issues. Schulze is now said to be focused on a minority investment, one that could a PIPE transaction, but investors are said to remain hesitant. Talks with P-E firms Leonard Green, Cerberus, and TPG have reportedly made little progress. Schulze is facing a Thursday deadline to deliver a buyout proposal. (Feb. 13 WSJ report) Update: Best Buy has pushed back its FQ4 report by a day to March 1 to if Schulze makes a bid. 8 Comments [Consumer, On the Move, M&A]
- 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]
- Tuesday, November 20, 2012, 2:48 AM Richard Schulze is now reportedly working separately with P-E firms Cerberus, TPG Capital and Leonard Green on a bid for Best Buy (BBY) despite previous speculation saying Cerberus had dropped out. Apollo (APO) and KKR are unlikely to collaborate with Schulze on an offer. He's asked Best Buy for a 30-day extension on an upcoming deadline to complete his due diligence so he can see how well the holiday sales go. Comment! [Consumer, Tech, M&A]
- Friday, November 16, 2012, 4:38 PM Best Buy (BBY -9.8%) founder Richard Schulze is still working on a buyout offer for the electronics chain, a source tells Bloomberg. Shares fell to 10-year lows today, apparently on speculation Schulze's offer might not pan out. Reuters reported last week Schulze might end up bidding at a price below the $24-$26/share range he previously suggested. (earlier) 1 Comment [Consumer, On the Move, M&A]
- Friday, November 9, 2012, 3:13 AM Reuters firms up investor speculation that following a sharp fall in Best Buy's (BBY) share price, founder Richard Schulze could make a lower bid for the retailer than the $24-$26 he suggested in August. That would have valued the deal at $8.16B-$8.84B, or up to $10.9B including debt. P-E firms Apollo, TPG and Leonard Green could join Schulze, although Cerberus has dropped out. A bid's not expected before December. Comment! [Consumer, M&A]
- Wednesday, October 3, 2012, 3:41 AM Best Buy (BBY) founder Richard Schulze and at least four P-E firms, including Apollo Global (APO), are studying the struggling retailer's books ahead of a possible buyout offer worth up to $10.9B, including debt, Reuters reports. Schulze plans to join the firms together in a consortium and submit an offer, although they remain skeptical. 4 Comments [Consumer, Top Stories, M&A]
- Wednesday, August 29, 2012, 9:48 AM A Best Buy (BBY -1.8%) buyout is unlikely, Oppenheimer's Brian Nagel writes, even though the situation is fluid and a deal is feasible. Ample cash flow and a still healthy balance sheet suggest BBY could support the added leverage associated with an LBO, he says, but potential PE buyers likely will be scared away by a declining business model. 3 Comments [Consumer, M&A, On the Move]
- Monday, August 6, 2012, 10:58 AM Shares of Best Buy (BBY +15.5%) settle back a bit from earlier highs as the company confirms receiving an offer from Richard Schulze to buy out shareholders at $24-$26 a share. The Best Buy founder will need to raise $1B-$2B from P-E firms and $7B-$8B in debt to make a deal fly, according to BB&T Capital Markets. Comment! [Consumer, On the Move, M&A]
- Monday, August 6, 2012, 9:05 AM A letter sent by Best Buy founder Richard Schulze to the company's board says Credit Suisse is "confident" it can scrap together the financing needed to help take the company private. NBG's Brian Sozzi warns the unwillingness of board to cooperate signals a buyout is "no slam dunk" as the retailer's steep challenges still remain. BBY +23.1% to $21.86, below the reported buyout range of $24-$26. 2 Comments [Consumer, On the Move, M&A]
- Monday, August 6, 2012, 8:32 AM Best Buy (BBY) moves up 20.1% premarket off of a report that founder Richard Schulze has put together a buyout offer at $24-26 per share. 4 Comments [Consumer, On the Move, M&A]
- Monday, November 7, 2011, 9:30 AM In addition to buying out Carphone Warehouse's mobile JV stake, Best Buy (BBY) is acquiring mindSHIFT Technologies, a provider of IT services for small and mid-sized businesses, for $167M. The mindSHIFT deal is further evidence of Best Buy's growing reliance on services to offset market share losses to online retailers. BBY -0.4%. Comment! [Consumer, Tech, M&A]
- Monday, November 7, 2011, 3:55 AM More on Best Buy (BBY) - Carphone Warehouse deal: Despite closing Best Buy stores in the U.K., the companies will continue to focus on their "connectivity" strategy in Europe. This includes accelerating the roll-out of their successful "Wireless World" stores and the enhancement of the unit's online and mobile commerce platforms. (PR) Comment! [Tech, M&A, Consumer]
- Monday, November 7, 2011, 3:41 AM Best Buy (BBY) confirms reports it will buy out U.K. company Carphone Warehouse in their 50-50 mobile-phone JV in the U.S., with the American retailer to pay $1.3B. The companies will also close their 11 unprofitable Best Buy megastores in Britain, abandoning plans to expand the brand in Europe. (PR) Comment! [Tech, M&A, Consumer]
- Monday, November 7, 2011, 3:06 AM Best Buy (BBY) agrees to buy U.K. partner Carphone Warehouse out of their fast-growing 50-50 mobile phone venture in the U.S. for over $1B, reports says. The deal is expected to be announced today, along with plans to close Best Buy's loss-making megastores in the U.K. Comment! [Tech, M&A, Consumer]
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MSF INVESTMENTS: Sears Holdings will be Eddie Lamperts only investment vehicle. He owns over 25,000,000 shares in his personal account. Yahoo Finance
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MSF INVESTMENTS: Out of the money call Options very,very expensive - Put to Call ratio way down.
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Energysystems: Recently was shopping for a ratcheting pipe cutter, ended up with a Craftsman, with free shipping. Can't knock it. -
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markrpat: bot my share of AMZN puts into close Friday. maybe shouldve waited a day, but nice to hear.
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neobliviscar
Time for a Rant- $JNJ up more in past year than previous 10 years combined. Grocery chains up +20 to +30% in Q1. $BBY flying high! - View all 2 replies
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neobliviscar: Put on Grumpy Old Men hat today. Lots o people's 2013 targets already hit, and its only April. Irrational greed approaching idiotic...
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cyrus trask: just keep raising the price targets. The path of least resistance still points up.
LATEST REPLIES
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Intangible Valuation: I am still skeptical of $BBY long term - they are loosing bargaining power with suppliers and electronics are becoming cheaper and cheaper
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MSF INVESTMENTS: Out of the money call Options very,very expensive - Put to Call ratio way down.
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Energysystems: Recently was shopping for a ratcheting pipe cutter, ended up with a Craftsman, with free shipping. Can't knock it.
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markrpat: bot my share of AMZN puts into close Friday. maybe shouldve waited a day, but nice to hear.
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neobliviscar
Time for a Rant- $JNJ up more in past year than previous 10 years combined. Grocery chains up +20 to +30% in Q1. $BBY flying high! - View all 2 replies
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neobliviscar: Put on Grumpy Old Men hat today. Lots o people's 2013 targets already hit, and its only April. Irrational greed approaching idiotic...
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cyrus trask: just keep raising the price targets. The path of least resistance still points up.
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rongsc: oops, i read it wrong. I thought you wrote BBRY. I have been following both. I am shorting BBY at 25.2. don't get it either. -
rongsc: Right here may be a good time to short again. BBY is fighting against 25.5 floor. Friday will send this stock back to earth.
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xcobrastripesx: Might be a continuing short squeeze in the works......
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Christopher F. Davis
$BBY was a nice trade if you bought recently but I would DEFINITELY dump it now. Gains made, now get out - View all 4 replies
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Scal80: Good call. 12% pop on news of Samsung boutiques? Ridiculous...
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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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