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| re: Best Buy (BBY) Radioshack is a electronics hobby store that happens to also sell consumer electronics. Not to mention the stores are about 400 sq ft so its not like they have near the overhead of a BBY. Reply • Back to Top |
| I'm thinking Best Buy dies within 10 years, and Samsung, Sony, etc. have small stores in the mall (like Apple) where you can play with/buy small gadgets, and view TV's (which could be ordered online). Reply • Back to Top |
quote: Profitable and generates solid cash flow. I thought like you did until I researched the Company. They've been getting whipsawed by selling high volume low margin phones (chiefly the IPhone). They're trying to diversify their product mix. I'm not sure how much it will rebound. I think my average cost is around $7. It's currently at like $6.30. But it has the cash flow necessary to pay that 8.00% yield is it sporting, so I am going to hang in there and study the following quarters to see if it can recesitate itself. Reply • Back to Top |
| I purchased a laptop and printer there before Christmas. It was the worse customer experience I've had in a long time. It was shakedown city. I finally had to tell the lady I didn't want all the extra bull shite. I'll never go back. Reply • Back to Top |
quote: I would compare it to Radio Shack. They just need a niche as an all brand mobile phone provider, like RS is with specialty electronics. Their time as a major retailer has passed (albeit brief). They are going to reduce the number of stores and their size. I expect you to find Best Buy's in 2020 but they will be in second tier strip malls and focus mainly on phone sales. I actually stopped in my local Best Buy after work last week because i lost the arm strap form my iPhone and was on my way to the gym. I needed a new one ASAP. I went in the store couldn't find what I was looking for, looked for 10 minutes for someone who could help me and then found out they didn't even have what I wanted. This post was edited on 4/4 at 6:50 pm Reply • Back to Top |
quote: that's part of BB problems. People go to best buy to look at and learn more about the product, then go home and purchase it for less on the internet. and their plan to open phone stores only doesn't seem to make much sense. why would you go to a third party like best buy (whose selection is horrible), when you could go directly to a AT&T or Verizon store. This post was edited on 4/4 at 10:56 pm Reply • Back to Top |
| I'm gonna be honest here, I just don't like Best Buy. The store is too big to get any decent help, sort of like Walmart. I went there specifically to buy a laptop and I couldnt get someone to give me one for at least 30 minutes. I think the days of the mega electronics stores are numbered, expecially if they don't adapt to the times since a lot of music, video games etc. are being sold downloaded without the middle man. Reply • Back to Top |
| They don't sell anything that carries any considerable margin on which to make money, so if that is something that you look for in a successful business you might be wary of their long term viability. DVD's and video games will be exclusively sold as a download in the next 5 years so they will lose the revenue stream as well. BBY is DOA. Reply • Back to Top |
| I'm a huge buyer of stuff on Amazon. I have Amazon prime which can ship just about anything for free 2 day shipping. It beats the shite out of BBY on price. This computer I'm typing on is from Best Buy and that's only because I needed one ASAP for school when my other one crapped out. Hadn't been in there for me in probably 2 years. Reply • Back to Top |
| If this stock makes it past $26 again, I'm probably going to short it. Although I hate shorting dividend payers Reply • Back to Top |
| CEO just resigned. An outward sign the company knows they need a change. Actually could be an opportunity... I still wouldn't touch it Reply • Back to Top |
quote: Yeah, but it's like giving Ole Miss Bill Belichick this season. They would still suck. Reply • Back to Top |
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