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Best Buy stock dropped 40% today

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Best Buy stock dropped 40% today

Old 11-09-00, 09:29 PM
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20 5/16 points down to 32 1/16.

That's not good news for my favorite B&M store for DVDs.
Old 11-09-00, 10:14 PM
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? any reason given? It could not be all from the election, so what else?
Old 11-09-00, 11:21 PM
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Lower earnings forecasts in a slowing economy combined with discounting due to pricing pressures. Don't worry, they'll be ok and will be begging for your money with xmas sales and two year financing plans.
http://www.fool.com/news/2000/bby001109.htm
Old 11-09-00, 11:32 PM
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Got spanked by analysts after earnings. Negative talk about the next two quarters.

BB did say, however, that they would be running more promotions to get customers into the stores, so I guess that's good news for us....
Old 11-10-00, 03:10 AM
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Best Buy is still doing a hell of a lot better than Circuit City is!
Old 11-10-00, 10:18 AM
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buy, buy, buy this stock NOW!
It is a BESTBUY!
I have bought BB stock NUMEROUS times right
around the $40 mark and sold at $80+
Here I go again today!
Old 11-10-00, 11:49 AM
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I heard on the radio that the execs are bullish on the future because Best Buy offers "value-add" by being able to help customers with confusing products like HDTV and satellite dishes.

Um, yeah. I think my mom could guess right on this stuff more often than the drones in the store. Best Buy should save money by *eliminating* all the sales droids who are constantly asking me if there's anything I need help with (my response: "Why? It's not as if you could offer any if I did.") and turning themselves into a true warehouse style store.

Oh, wait, I get it. They meant there's value add in having some kid dupe an ignorant consumer into buying an overpriced product and buying the service contract. I guess I can't argue with that.
Old 11-10-00, 12:06 PM
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quote:<HR>Originally posted by dfriend:

Um, yeah. I think my mom could guess right on this stuff more often than the drones in the store. Best Buy should save money by *eliminating* all the sales droids who are constantly asking me if there's anything I need help with (my response: "Why? It's not as if you could offer any if I did.") and turning themselves into a true warehouse style store.

<HR>


It's no wonder they get clueless help. A few years ago, I got to talking candidly with a worker, and she said that employees were STARTING at $9+ an hour, and it just went up from there (based on product knowledge tests/certifications). Remember, this was two years ago; I wonder what starting is now?

Sure beats flippin' burgers....

Old 11-10-00, 04:45 PM
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quote:<HR>Originally posted by BillumillAmerika:
buy, buy, buy this stock NOW!
It is a BESTBUY!
I have bought BB stock NUMEROUS times right
around the $40 mark and sold at $80+
Here I go again today!
<HR>


Lovely speculation, but in the past, online stores weren't dropping like flies as they are now and I for one don't share your enthusiasm.
Old 11-10-00, 06:44 PM
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spoken like an IGNORANT feneant!
Read the original post by cinemaphile7,
we are talking about BestBuy brick &
mortar and if you DO NOT yet know,
best buy does NOT have a separate
company for its on-line presence!
Speculation??? In my case I can tell
you that BestBuy has consistently
outperformed most other CE companies.
Adjusted for stock splits, what I had
orginally purchased at $25 per share
just over 3 years ago is now worth
OVER $180!!!
if you do not have any idea what the
discussion is about, keep your mouth
closed!
Old 11-10-00, 06:45 PM
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Since Amazon's MAJOR current shortcoming is acknowledged to be its shipping expenses/losses, I hate to think what this current free shipping promotion is gonna do to their bottom line....
Old 11-10-00, 08:26 PM
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???Jobronie???
what the heck has Amazon got to do with the topic at hand???
Old 11-10-00, 09:32 PM
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BillumillAmerika, I appreciate your enthusiasm, but if you can't take constructive criticism, or a difference of opinion ... you may be better served and happier in the long-run by not engaging in conversation. One of the best parts of these threads is the freedom it provides to voice an opinion. However, being rude and obnoxious when someone has a difference of opinion, or posts a comment that doesn't really doesn't fit into the conversation, is only going to cause a flame-war, and may ultimately lead to your banishment.

Can't we all just get along?
Old 11-11-00, 09:30 AM
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Your comments are so unbecoming of Nazis,
soup nazi.
You sure you and your 'screen' name are
compatible with each other?

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