Tough Sledding For Some Retailers

[Louetta]

Anybody follow BBY and/or BBBY? Tough sledding lately. Big gaps down. Must be the influence of online.

[riverbabe]

Anybody follow BBY and/or BBBY? Tough sledding lately. Big gaps down. Must be the influence of online.

Follow BBY. SA article this AM. "Best Buy: Depressed Margins Are The New Normal" http://seekingalpha.com/article/1935...the-new-normal

[antioch6]

Everything at bestbuy is overpriced. They even sell that horrible SodaStream machine and GMCR stuff too now. Last item I bought was a $30 headset in 2011 that fell apart in 2 months. They only supply the products with the largest margins to pay all the salespeople and space and lighting. You get more variety online and cheaper prices. In conclusion, F BestBuy.

[billyjoe]

Antioch, I guess you don't care for Best Buy. I somewhat share your sentiments and was flabbergasted by their comeback in 2013. They seemed headed for the scrapyard. Maybe a dead cat comeback.

--------------billy

[Louetta]

Somebody thinks BBY is coming back. The stock is at $27. Last trade today of a $40 call of January next year traded at $1.28. Therefore the stock must go over $41.28 sometime in a year for the buyer to make money, a 50% increase over the current price.

[riverbabe]

Somebody thinks BBY is coming back. The stock is at $27. Last trade today of a $40 call of January next year traded at $1.28. Therefore the stock must go over $41.28 sometime in a year for the buyer to make money, a 50% increase over the current price.

I like their new business plan and execution of it so far. Jan '15 $40 call now $1.26 (last). I like shopping there because of the prices and service, not to mention the geeks. The competition needs to worry IMO. This is looking to me like a buying opportunity!

[Louetta]

I like their new business plan and execution of it so far. Jan '15 $40 call now $1.26 (last). I like shopping there because of the prices and service, not to mention the geeks. The competition needs to worry IMO. This is looking to me like a buying opportunity!

Bought a Jan 2015 $10 call at $15.20 with the stock at $25.10. It does lok like the selling is over-done given the narrow miss in comps.

[riverbabe]

Bought a Jan 2015 $10 call at $15.20 with the stock at $25.10. It does lok like the selling is over-done given the narrow miss in comps.

I'm waiting for that "how low will it go?" moment with cash at the ready. Selling is still at high volume.

[Louetta]

I'm waiting for that "how low will it go?" moment with cash at the ready. Selling is still at high volume.

Yup. Should have looked at the volume.

[Louetta]

Bought a Jan 2015 $10 call at $15.20 with the stock at $25.10. It does lok like the selling is over-done given the narrow miss in comps.

Got out at $17.60 on today's strength. Guidance doesn't really foretell any near term increase in stock price.

[billyjoe]

We knew the trend was slowly shifting towards online sales. It increased at a rate most didn't expect.

-----------------billy