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BBY This holiday should be great here. I cant wait to see earnings this coming quarter.
BBY I got my starter and now bidding 45.00. I think this is one of the best retail stocks.
BBY In at 46.65 and for me a trailing stop loss of 20 percent.
BBY Got my starter this week. i like retail and this one is the bomb.
Best Buy valuation models show 18% upside before earnings:
Valuation
Good luck before the financial report $$$$$
$BBY & $AMRS Influential Analyst Rating Changes: Amyris, Inc. (NASDAQ:AMRS), Best Buy Co., Inc. (NYSE:BBY)
http://thewellesleysnews.com/2016/09/26/influential-analyst-rating-changes-amyris-inc-nasdaqamrs-best-buy-co-inc-nysebby/
J.C. Penney to Sell Appliances Again -- Update
Source: Dow Jones News
By Suzanne Kapner
In 1983, J.C. Penney Co. got out of the appliance business, so it could make more room for apparel in its department stores.
Now, the company is bringing back washers, stoves and other large home appliances as Penney seeks to claw back some of the sales it ceded to rivals.
The move is the latest attempt by a department store chain to make its giant stores more productive by adding goods that people are buying at a time when sales of core offerings like apparel and accessories are sluggish. Macy's Inc. recently added consumer-electronics areas in a handful of stores through a partnership with Best Buy Co.
"This is an opportunity to increase sales productivity and give shoppers what they are looking for," said Penney CEO Marvin Ellison, who previously worked for a dozen years at another big appliance seller, Home Depot Inc.
Penney is trying to recover ground lost to a failed overhaul by former CEO Ron Johnson. Analysts expect its sales for the current fiscal year, which ends this month, to be more than $4 billion below 2011 levels, when they totaled $17.3 billion. Particularly hard hit were home goods such as bedding, towels and kitchen tools, which accounted for 18% of sales in 2010, but fell to 12% in 2014.
To get existing customers to spend more, Penney executives began asking the question: "What would shoppers buy if we sold it?" Mr. Ellison said.
It turned out that appliances were one of the top items that shoppers searched for on Penney's website. Mr. Ellison saw an opportunity to add back appliances in departments adjacent to those that sell bedding, drapery and other items for the home.
After surveying more than 1,000 shoppers and hiring a consulting firm to further analyze the move, Penney plans to reintroduce appliances to stores in San Antonio, San Diego and Tampa, Fla. beginning Feb. 1.
The stores will carry between 90 and 150 kitchen and laundry models from General Electric Co., Hotpoint, LG Electronics Inc. and Samsung Electronics Co., and Mr. Ellison said he is prepared to expand appliances to more stores if the initial test is a success. To make room, he plans to scale back some of the floor space dedicated to furniture.
In doing so, Penney would be taking on Sears Holdings Corp., which still is the nation's top appliance retailer, according to TraQline, a market share tracking survey owned by The Stevenson Co.
Sears, which held a 25.5% share of appliance sales as of September, down from 33.3% in September 2006, has faced increasing competition from Lowe's Cos., Home Depot and Best Buy. Together, those four retailers command nearly 70% of the U.S. market, according to TraQline.
Mr. Ellison said he wasn't worried about muscling into a crowded field. "We don't see Home Depot in our competitive set," he said, noting that slightly more than half of the home improvement chain's customers were men, while 70% of Penney's customers are women.
(END) Dow Jones Newswires
January 19, 2016 19:37 ET (00:37 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Well not much looking good lately
If drops a lot i will avarage down
Bby
Not looking good pre market
I will surely cover and go long if I am,I play both sides
With there being so many good companies out there that's on sale right I don't see money pouring into BBY when there's a ton of better picks
I'm short. Declining PC sales everywhere, declining smart phone sales at Best Buy, declining go pro sells everywhere, Christmas behind us which I would assume is usually their best Qt, and the fact that there's no catalyst in sight to move this upward lead me to believe there's a lot more downside to come. Not to mention there no technical support after $25 and change either.
What is your prospect now?
Whoever shorted it made a fortune
Don't know BBY is always a favorite of mine... I must go in their stores once a month to buy stuff...
Target $43. http://finviz.com/quote.ashx?t=bby&ty=c&ta=1&p=d
The other day I bought a new laptop at BBY sales guy told me a couple hrs for geek squad to get the crap off and set it up well it took more than 20 hrs to get it so I ask why? ?? He said internet is notorious to be slow so I checked that tried to download the game Farm Simulator 15 there. . Cool game btw.... 2hrs later still wasn't downloaded... Ugh went home got it in 15mins.... My suggestion if Best Buy wants the business of geek squad than get better internet access please.... Overall I buy 90% of my electronics there with the great 0% interest financing no other place has that. .. BBY
Took a starter position here today...Looking to when the next PR is due out?
Not sure how this company is surviving, their customer service sucks, wtf has happened to the people that work there
It doesn't always show whats going on I have seen all sells on others and then it just keeps moving up will have to keep a eye on it...
Wow they're acting like this is at its high.
All sells....
Oh hehe Geek Squad
Those are buys or sells on the form 4?
Also still didn't answer what is Geek Squat?
Lol geek squad. ...
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