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BBY - Best Buy Co. Inc.

post #1 of 275
3/27/07 at 2:04pm
Thread Starter 
Best Buy Co., Inc. operates as a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services. It operates retail stores and commercial Web sites under the brand names Best Buy, Future Shop, Magnolia Audio Video, and Geek Squad. The company offers video products that include televisions, digital cameras, DVD players, digital camcorders, and digital broadcast satellite systems; audio products, including MP3 players, home theater audio systems, mobile electronics, and accessories; home-office products comprising desktop and notebook computers, telephones, networking, and accessories; entertainment software products, including DVDs, video game hardware and software, compact discs, computer software, and subscriptions; and appliances, such as vacuums, small electrics, and housewares. It also provides computer set-up, repair, and software installation services; and installation of mobile electronics services, as well as delivery and installation of appliances and home theater systems. As of November 30, 2006, the company operated approximately 1,100 retail stores in the United States, Canada, and the People�s Republic of China. The company was founded in 1966. It was formerly known as Sound of Music, Inc. and changed its name to Best Buy Co., Inc. in 1983. Best Buy Co. is based in Richfield, Minnesota.



Best Buy Co. Inc.
PO Box 9312
Minneapolis, MN 55440-9312
United States - Map
Phone: 612-291-1000
Fax: 952-947-2422
Web Site: http://www.bestbuy.com
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post #2 of 275
3/27/07 at 2:06pm
Thread Starter 
Best Buy acquires Speakeasy (BBY) 49.72 : Co announces it has agreed to acquire Speakeasy. The co disclosed the purchase price of approximately $97 mln, which represents approximately 1.2 times Speakeasy's calendar year 2006 revenue of $80 mln. BBY currently expects the transaction to be neutral to fiscal 2008 earnings.
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post #3 of 275
3/27/07 at 7:17pm
Best Buy is a good company but it has some problems. The CD is dieing and sales are contracting there. The big screen is everywhere, Costco you name the store they have them. The digitial cameras are great to look at at Best Buy then go home and get them online from New York for %15 less. It will take them a while to get clear of these issues. I think the stock price does not have much upside for some time.
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post #4 of 275
4/3/07 at 11:38pm
any one playing earnings on this? alot of april 50 calls sold today, i think its based on the negative news baked in, good chance of an upside suprise
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post #5 of 275
4/3/07 at 11:39pm
Quote:
Originally Posted by Will_Penny
Best Buy is a good company but it has some problems. The CD is dieing and sales are contracting there. The big screen is everywhere, Costco you name the store they have them. The digitial cameras are great to look at at Best Buy then go home and get them online from New York for %15 less. It will take them a while to get clear of these issues. I think the stock price does not have much upside for some time.
excatly why get a plasma from their when i got mine from BJ's and it's just as nice!! alot cheaper to
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post #6 of 275
4/4/07 at 1:08am
Quote:
Originally Posted by cire2222
any one playing earnings on this? alot of april 50 calls sold today, i think its based on the negative news baked in, good chance of an upside suprise
I have seriously thougt of doing that. Jeff Mackey of fast money has put that play forward. Every time I try and earnings play I seem to get a fist in the face. If I were to try this one I would buy the $45 Calls and Sell the $50 calls. It would be possible to get a win even if the stock did not move.
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post #7 of 275
5/5/07 at 10:13pm
Buy point anything under 46.15
we are getting close.
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post #8 of 275
5/6/07 at 12:43am
Best Buy is a horribly crooked company that teaches their salespeople that they should care about their customers' needs, but bilk them out of all the money they can get. Not to mention their extended warranties (or "service plans" as they call them) are for the most part worthless. Not to mention that their entire atmosphere as an employee is very cultish. They call it the "Best Buy way". Trust me, I worked there for a year as a salesman in college (just a few years ago)...

Because of their crappy sales practices and shady managers, I wouldn't touch anything about this company with a 12,000' pole. Just my opinion.
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post #9 of 275
5/6/07 at 12:49am
^ i worked there too and what you are saying is true. Im too much of an independant thinker, dont drink corporate kool-aid, etc. Had too many clashes with management (im much smarter than they were) anyways...yea, i make a living day/swingtrading
Summer 1999^
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post #10 of 275
6/13/07 at 8:51pm
like it

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post #11 of 275
6/14/07 at 12:57am
^ excellent example of a channeling stock
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post #12 of 275
6/19/07 at 5:26pm
Best Buy down 5%. Crappy earnings I guess.
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post #13 of 275
6/19/07 at 5:53pm
Quote:
Originally Posted by GatorTrador View Post
Best Buy down 5%. Crappy earnings I guess.
probably be this way for a while as inflation has taken away extra spending money and retail outlets are getting more competitive to get the $$ that is left
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post #14 of 275
11/18/07 at 2:02pm
Best Buy Offers More Black Friday Excitement for Eager Holiday Shoppers


Nov 16, 2007 (BUSINESS WIRE) --
Best Buy (NYSE:BBY):

WHAT: Best Buy stores across the country will open doors early on
Black Friday to capture the excitement of the unofficial kick-off to
the holiday shopping season. With the National Retail Federation
reporting more than 70 percent of consumers have less than 10 percent
of their holiday shopping completed, Best Buy will be overflowing with
anxious shoppers grabbing the hottest gadgets to kick start their gift
buying.

Best Buy BlueShirts will help customers who are waiting in line
that morning with advice on shopping strategies and gift buying tips.
To help keep the door opening experience as organized as possible,
tickets for Black Friday doorbusters will be handed out starting at 3
a.m.

Creating a fun and organized atmosphere is extremely important for
the Best Buy BlueShirts. Each store spends more than 400 hours
prepping for the day, including a full scale rehearsal where employees
anticipate crowds, map out best locations for doorbusters and place
balloons as markers for shoppers to help make locating deals easier.

WHERE/WHEN: Best Buy stores across the country will be open from 5
a.m. to 10 p.m. local time on Friday, November 23 (hours may vary).
Doorbuster deals will be available from 5 a.m. to Noon.
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post #15 of 275
11/18/07 at 6:31pm
Thread Starter 
I went to best buy on black friday a couple of years ago (I was there an hour before opening in the wee hours of the morning). Lets just say I will never do that again. Utter chaos and people arguing over who was in line first.
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post #16 of 275
11/19/07 at 11:46am
BBY seems to have the biggest plan for up coming holidays, with retail seeing blood, the only commercials i see are best buy. I'm impressed with the marketing to say the least.
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post #17 of 275
11/19/07 at 2:04pm
I do like their commercial with the teenager on the phone. Not just a very clever ad, but one that is effective. Too often ads that are cute don't do anything to promote their product. This one does.
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post #18 of 275
11/19/07 at 2:15pm
bounced off $45 nicely
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post #19 of 275
11/19/07 at 2:50pm
Quote:
Originally Posted by LuckyOne View Post
I do like their commercial with the teenager on the phone. Not just a very clever ad, but one that is effective. Too often ads that are cute don't do anything to promote their product. This one does.
Yup I see the message, the communication gap between parent and child,

I thought same.
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post #20 of 275
11/30/07 at 8:05pm
strong lately
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