Best Buy
This dip sure is an opportunity. Grab it with both hands. This is a best of breed company when it comes to consumer electronics and it won’t be down for long.
– Faisal Laljee
Full Disclosure: I don’t own Best Buy for my portfolios and my position can change anytime without notice.
any new thougts on similiar depressed consumer retail stocks?
ZUMIEZ $29s CHIPOLTLES $53s
Cheesecake Factory $26s ?
is Zumiez volneerable to more downside then the current 5 day $3 dip? 32.60s > 29.20s?
what would justify it to snap back to $35 anyway?
BBY was slammed again today to the lower $49s. Walmart’s price cuts are pinching margins at BBY- CC. i would buy some BBY here but dont have the fund$ thanks to Zumiez $5.70 meltdown over 7 days. looks like dips are expanding across the board. may need to start trading the double downside short EFT.. QID for nav safty.
Faisal, January 19 1. Best Buy Electronics still a good dip buy canidate? 2. what specific near term catalyst would drive bounce to $55s+ ?
3. Would lower NRG prices (crude 79s > 50s) propel Best Buy’s global consumer spending power?
BBY is a long-term play into the 60’s irrespective of where energy prices go. The only thing that will impact BBY is competition (which I believe it has trumped over the last few years) and recession.
– Faisal Laljee