Best Buy Co., Inc. (NYSE:BBY)

I was in a Best Buy yesterday and there were more staff than customers. Only a matter of time before Best Buy fades away or completely reinvents itself.

You've got to be nuts to buy BBY. I think this stock is solid proof that the market is manipulated. Even the Motley Fool tore this apart DAILY before its unjustified 200%+ rise. Now, Motley loves it all based off of pure speculation.

I don't know one person who doesn't hate this store. There are always more workers inside than shoppers. The customer service sometimes doesn't even know the layout of the store. Want a USB drive? "Oh, I think they're over in that section." *points vaguely*

I have no doubt this will rise in the short term, but that's only because humanity has lost all of its sense.

Negative earnings and paying a div.?? how can that be if you arent making positive earnings? They are just trying to hang on to their stock price by paying off the share holders with a bribe, but that cant last much longer. this is not a company you should just walk away from, you should run.

I have a feeling that Best Buy is not going to survive in this online dog eat dog world.

Great recovery, but probably too far. Samsung will help, but will that be enough?

Classic American turn-around story, gaining on Target, passing WalMart, and can't even find JCPenny or Sears in its rear-view mirror. Won't do spectacular for a while but they'll be okay in an economy where the consumer wants to spend a little but is scared to splurge. Getting better at service, too.

Its in the path of damage.

Powerhouse

Amazon.

There is no way they can compete against Amazon efficiency. For their 4th quarter they included TV sales that they normal include in the 1st quarter. That sounds fishy to me

Overbought

And the insanity continues. 6 up-days in a row for a total compounded of 21% up. Who in their right mind believes this is due to Best Buy being such a great store with great management, great sales, & a great Future. This rally is all speculation & the motion of deep pockets trying to make some quick bucks. If BBY were such a great company, there would have been a buy-out by now. But it is not the case, & it will not be for a while at least. Why would anyone buy a company whose share price has climbed 60% so quickly Any intelligent investor knows that this rally is not sustainable. As I have said several times now, when the sell off begins, the way down of the share price will be faster than this way up. Might be next week, next month or next quarter, but it will come. The share price will test their 52-week low again.

Don't get me wrong. I'm swinging this one and doing well on the upside, but since CAPS requires 7 days before a close, I must consider the longer term prospects of the stock. According to AngsarJohn (who loves gurufocus), the price could go as high as $25/share. I believe that and potentially higher is very possible. I nevertheless will be playing the much safer side of this investment, selling my shares sooner and betting CAPS with a red thumb. Best Buy cut its losses by a wide margin, but is still struggling to sell its products. Profits still aren't projected in a positive direction. I went to one of the stores today- nothing has changed. All appearances and advertisements remain as they were before. Gotta regard this growth with serious skepticism. Of course, anything is possible. Perhaps we'll see the apparition of Best Buy's past meld into this world from the nether. I for one, when it comes to investing, don't believe in ghost stories.

It seems like every time I try to time a short term change in any stock, I'm always betting the downwards direction. (I guess that makes me a bear.) Along with certain trends I've noticed in the biotechnological and pharmaceutical markets, it seems fairly commonplace that a stock, after having spiked on a decent earnings call, continues to grow for awhile longer. With Best Buy I have a hard time seeing this continue much longer.

It's no small rumor on wall street: Many investors already know that Best Buy is entering dangerous lows due to a crumbling business model. There are simply way too many products offered by the business to attract any one group of customers looking for specialization in a certain product. Not to mention the amount of market share being stolen by competitors (most notably Amazon) which I think are executing sales in a successful manner. Given this qualitative bit, it seems likely that belated 2012 just missed losing a 4th major market brand. (The others being Eastman Kodak, THQ, and Hostess.)

There's always potential for a rally after a positive earnings, and many investors could see this as an opportunity to invest in a good brand name company as it seemingly begins to turn its business around. I, however, don't see the same optimism in this scenario. Shares have surged wildly in Thursday's and Friday's trading hours with two notable mild flash crashes. I'm sure arbitrageurs are having a field day with this stock! The call itself was based on a slightly trimmed loss, but the company itself is still projected to lose more money in the coming future.

According to the WSJ article below, "sales of smartphones have been unable to offset the revenue the company formerly reaped from sales of flat-screen TVs, whose prices and margins have eroded." Hear that? Best Buy is having a hard time selling smart phones even!

Fundamentals also aren't very bright here. Factor in unfavorable market conditions, and there you have it!

http://online.wsj.com/article/SB10001424127887323478304578333971441886526.html

Hopefully this won't become another Netflix on my account. Man, what a pain to call that one wrong!

Death watch.

Extending the price-match guarantee to apply to online retailers like Amazon is a catch-22, a necessary mistake. It's the only way to be remotely price competitive with the guys running them out of business, but Best Buy isn't strong enough financially to tough out the razor-thin margins it will see while still paying higher overhead. Unless it's bought out, RIP.

No buyout. Running on rumors

Many retailers have failed and once Best Buy goes under, we will all agreed that retail sales cannot beat online sales.

Sure, Best Buy may get taken private at a nice premium, but odds are against that and in favor of a long, downward spiral toward irrelevance.