Well ####.
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STOCK TIP: Best Buy (BBY) (1 Viewer)
- Thread starter Eminence
- Start date
This would have bought you about 196 shares at a profit of $5.23 per share.196 x $5.23 = $1,025
CHOO CHOO
EDIT: Not bad for a month's worth of investment, eh?
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mquinnjr
Footballguy
right now.
Ok smart asses, if we use the last ten-years as the frame of reference:https://www.google.com/finance?q=NYSE:BBY
THE LOWEST BEST BUY'S STOCK HAS BEEN IS $11.29.
When I first made this thread, it was trading at $15.29 and over the past ten-years this stock has gone as high as about $58.00 and REGULARLY trades at about $30.00 or more.
The difference between the price at the time $15.29 and the absolute low of $11.29 was $4.00.
The difference between the price at the time $15.29 and the historic high of $58.32 was $42.03.
The difference between the price at the time $15.29 and the average in which it trades for of $30.00 was $14.61.
So yes, when I started this thread the stock was at it's approximate low over the past ten-years.
Approximate - nearly correct or exact
EDIT: Unless you're simply trying to get a rise out of me. In which case, well done.
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3C's
Footballguy
new here?
Henry Ford
Footballguy
And over 100% since the OP first said to buy in at 11.57
Joe T
Footballguy
Chadstroma
Footballguy
I am sure that this is a low cost way for Samsung to have retail space but I have to wonder if Samsung is making the right choice here.
sporthenry
Footballguy
No, not yet. I assume it will tip over $30.00 and a good Holiday Season with new Video Game systems coming out should help the cause.
Raider Nation
Devil's Advocate
Jacoby Jones is a ####.
It's up to $29.58 today, there's rumors brewing that Best Buy is going to start leasing / renting out some of their retail spaces in-store to bigger companies like Microsoft, Samsung, and Google.
Pretty much, Best Buy has too much space in-store after downsizing their musical instrument sections, CD sections, etc. They have a lot of stores across the nation with extra space. For instance, in the store nearest to me there's a huge display being setup exclusively for Samsung to show-off and brag about their newest technology.
I'm getting strong vibes that it may hit over $40.00 a share.
Pretty much, Best Buy has too much space in-store after downsizing their musical instrument sections, CD sections, etc. They have a lot of stores across the nation with extra space. For instance, in the store nearest to me there's a huge display being setup exclusively for Samsung to show-off and brag about their newest technology.
I'm getting strong vibes that it may hit over $40.00 a share.
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Mario Kart
Footballguy
Samsung already has a section in my local Best Buy. Two to three more people that will bother you when you look at their products. They moved the camera section over about 30 feet to make room for the Samsung section. They have a phone section, Samsung section manned by Samsung employees and an Apple section manned by zero Apple employees.
I'm done with Best Buy though. Last time I was in there, I was looking at the Surface tablet and a guy came over and stood three feet from me. Never said anything but watched me for the minute or so I was playing with it. Just stood there, no questions no talking, but stood over my shoulder. Best Buy doesn't have anything I need right away so I'm out.
I'm done with Best Buy though. Last time I was in there, I was looking at the Surface tablet and a guy came over and stood three feet from me. Never said anything but watched me for the minute or so I was playing with it. Just stood there, no questions no talking, but stood over my shoulder. Best Buy doesn't have anything I need right away so I'm out.
(HULK)
(Smash)
Some people want to touch a product before buying it. In my opinion, Best Buy offers terrible prices and customer experience and carries extra costs that online stores just don't. Ultimately, it will go out of business. I wish those of you who bought their stock well, and ride the wave up while you can, but I wouldn't advise anyone to go too long with it. Eventually it will be eaten, its just a matter of time.
Henry Ford
Footballguy
Absolutely. I don't buy stock in companies I don't believe in, but this is clearly an investment that will pay off for those who get out at the right time.
(HULK)
(Smash)
sho nuff
Footballguy
I don't go much...but its usually to test some things out before I do find it elsewhere.
Or if I need something that day and the price is pretty comparable.
Though, not sure what Best Buy you have gone to where you have ever had to stand in a line for an hour.
Run It Up
Footballguy
I live in a pretty large city, 3rd largest in my state, we only have one Best Buy and they only ever have one register going. It has a winding line thats maybe 20-30 yards long and I swear to god everytime I walk into that store (which is rare and only for emergencies) that line is out the back of the queue.
The Best Buy used to be nested in between the Circuit City and the Radio Shack, but theyre both gone now and I'm shocked every day I drive by that store and its still open.
Marauder
Footballguy
Well, if the line is that long, apparently plenty of people are willing to stand in line for an hour. What was the old Yogi Berra line, something like "nobody goes there anymore, it's too crowded".
I think the truth is, while BB's business model will eventually be obsolete and they will go under, we're still a ways away from that. The percentage of people who buy electronics online or who realize you can scan barcodes in the store from your smartphone and compare prices is still pretty darn low. In addition, many people are impatient. They are willing to pay more to get their TV now rather than have to wait for it to be delivered.
East Coast Bias
Footballguy
Went to Best Buy the other day to buy a shredder. They price matched Amazon with no problems. As long as they price match Amazon I'll shop there.
Raider Nation
Devil's Advocate
Judge Smails
Footballguy
Terrific call by the OP...
The Duff Man
Footballguy
Everyone who invested should cut me a small percentage.proninja said:
I've got some picks for 2014 as well.
Ignoratio Elenchi
Footballguy
OP nailed it, and fortunately shared the secret to his success - look for stocks that used to be $40 and aren't $40 anymore, they will go back to $40.
Dinsy Ejotuz
Footballguy
It's a mile from my house, and they match the lowest price I can find for the item I'm buying. What's not to like?
I'm going with a stock people seem to be down on in this thread - Radio Shack. The DIY electronics market is making a bit of a comeback and I actually liked what I saw when I went in there the other day.
