Seeking Alpha

Best Buy Co. (BBY)

  • Feb. 17, 2013, 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.
  • Feb. 14, 2013, 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.
  • Feb. 13, 2013, 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.
  • Feb. 13, 2013, 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
  • Feb. 13, 2013, 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!
  • Feb. 7, 2013, 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%.
  • Jan. 31, 2013, 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?
  • Jan. 31, 2013, 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
  • Jan. 28, 2013, 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.
  • Jan. 24, 2013, 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.
  • Jan. 23, 2013, 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.
  • Jan. 22, 2013, 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
  • Jan. 18, 2013, 12:51 PM
    Death by showrooming? Best Buy (BBY +1%) continues to play catch-up to Amazon (AMZN) in mobile commerce as the retailer only sees about 10% of the number of mobile visitors that its heavyweight Internet rival does. Though execs talk a lot about taking down Amazon's formidable market share, a more reasonable goal may be to pass Target which currently boasts twice the mobile traffic of Best Buy.
  • Jan. 11, 2013, 12:45 PM
    Midday top 10 gainers: UPIP +31%. KGJI +20%. INFY +17%. DNDN +15%. REDF +14%. FLML +14%. BBY +12%. SIFY +11%. ICAD +10%. BCRX +10%.
    Midday top 10 Losers: NEWL -29%. ARQL -15%. YOD -15%. PDEX -12%. BV -11%. RGLS -10%. FARO -9%. CENX -9%. MY -9%. STXS -9%.
    | Comment!
  • Jan. 11, 2013, 10:06 AM
    Best Buy (BBY) rocks a double-digit gain after better-than-expected holiday sales (I, II) trump a free cash flow forecast that has nosedived to $500M from $1.25B-$1.5B just last August. The vibe on the retailer for the moment is that by averting a "debacle," Best Buy kept alive its chances for a Richard Schulze buyout.
    | Comment!
  • Jan. 11, 2013, 9:10 AM
    Premarket gainers: UPIP +30%. INFY +15%. DNDN +13%. BBY +7%.
    Losers: ARQL -16%. KBR -9%. SANW -8%. OCZ -7%. JCP -6%.
    | Comment!
Visit Seeking Alpha's
BBY vs. ETF Alternatives
Company Description
Best Buy Co Inc is a retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
Sector: Services
Country: United States