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re: Best Buy (BBY)
Posted on 4/4/12 at 1:43 pm to joejohnson90
Posted on 4/4/12 at 1:43 pm to joejohnson90
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.
1
Posted on 4/4/12 at 1:49 pm to kfizzle85
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).
Posted on 4/4/12 at 2:29 pm to joejohnson90
quote:
still around, not sure how
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.
Posted on 4/4/12 at 5:38 pm to K E V 8 4
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 bullshite.
I'll never go back.
I'll never go back.
Posted on 4/4/12 at 6:43 pm to wegotdatwood
quote:
Best buy will be gone by 2020 IMO.
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 4/4/12 at 6:50 pm
Posted on 4/4/12 at 10:44 pm to mule74
quote:
Online shopping continues to grow, but I think most folks still want to touch/feel new electronic purchases.
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 4/4/12 at 10:56 pm
Posted on 4/5/12 at 8:30 pm to K E V 8 4
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.
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.
Posted on 4/6/12 at 9:25 am to TheIndulger
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.
Posted on 4/6/12 at 10:16 am to Robin Masters
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.
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.
Posted on 4/6/12 at 11:45 am to wegotdatwood
If this stock makes it past $26 again, I'm probably going to short it. Although I hate shorting dividend payers
Posted on 4/10/12 at 8:40 am to greenhead11
CEO just resigned. An outward sign the company knows they need a change. Actually could be an opportunity... I still wouldn't touch it
Posted on 4/10/12 at 8:45 am to greenhead11
quote:
CEO just resigned. An outward sign the company knows they need a change. Actually could be an opportunity... I still wouldn't touch it
Yeah, but it's like giving Ole Miss Bill Belichick this season. They would still suck.
Posted on 4/10/12 at 11:54 am to greenhead11
quote:WSJ Video
CEO just resigned.
Posted on 7/1/13 at 3:05 pm to K E V 8 4
OK, so I did buy a few shares of BBY in April 2012 for a tad over $21. (My wife's IRA, by the way. 
) I watched the stock plummet to under $12 and thought it was another bone-headed move of mine. (Which, I suppose, it was.) It then started to recover and once it cleared $23 I sold it. I figured it would be harder to explain why I bought it (assuming it tanked again) than it would be to acknowledge I sold too early.
So far from bragging...it seems I had a decent hypothesis, but totally messed up the timing - got in too early and then got out too early.
Did anyone come close to "catching the falling knife"....i.e., buying near $12 and riding back up to almost $30?
) I watched the stock plummet to under $12 and thought it was another bone-headed move of mine. (Which, I suppose, it was.) It then started to recover and once it cleared $23 I sold it. I figured it would be harder to explain why I bought it (assuming it tanked again) than it would be to acknowledge I sold too early. So far from bragging...it seems I had a decent hypothesis, but totally messed up the timing - got in too early and then got out too early.
Did anyone come close to "catching the falling knife"....i.e., buying near $12 and riding back up to almost $30?
Posted on 7/1/13 at 5:58 pm to K E V 8 4
Best Buy is reliant on the rapidly diminishing consumer base of people who want tech but have literally zero technical ability.
I mean zero....they offered a 300 dollar package premium on top of hardware expenses a few years back to basically install your PS3.
As in essentially connect the wires.
As times go forward, and more people become consumers that were born in the age of the Internet and were texting in middle school, their consumer base will shrink and shrink.
I am not predicting their imminent death or anything, but I don't see any substantive potential for growth in either the long or short term.
I mean zero....they offered a 300 dollar package premium on top of hardware expenses a few years back to basically install your PS3.
As in essentially connect the wires.
As times go forward, and more people become consumers that were born in the age of the Internet and were texting in middle school, their consumer base will shrink and shrink.
I am not predicting their imminent death or anything, but I don't see any substantive potential for growth in either the long or short term.
Posted on 7/1/13 at 6:00 pm to Alabama Slim
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.
In their defense, their pricing is coming more in line with Amazon's offerings
Posted on 7/1/13 at 6:19 pm to K E V 8 4
I'm going by there tomorrow to get a new router. Need one around $100 or so that is fast and it will be easier for me to stop by on the way home from work than to research online and wait to be able to save $20.
That said, it has been about 5 years since I bought anything from them (a new laptop because I wanted it immediately).
That said, it has been about 5 years since I bought anything from them (a new laptop because I wanted it immediately).
Posted on 7/1/13 at 7:29 pm to BigBoyTiger
quote:
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.
Radioshack suspended their dividend and their stock has dropped to 3.50 a share. I feel bad for that investment
Posted on 7/1/13 at 7:38 pm to GenesChin
Yeah..I just sold out at the end of last year and took the tax loss.
Live and learn. Wasn't a smart investment for me.
Live and learn. Wasn't a smart investment for me.
Posted on 7/1/13 at 8:49 pm to BigBoyTiger
I see your thought process on that though.
I try to invest in the same qualities in a stock but only in markets I believe have long lasting appeal (energy, food/bev products and so on) and find hammered things with good dividends
I try to invest in the same qualities in a stock but only in markets I believe have long lasting appeal (energy, food/bev products and so on) and find hammered things with good dividends
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