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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (22784)12/19/2005 2:02:22 PM
From: Wallace Rivers  Read Replies (2) of 78748
 
I bought a retailer as well today - BBY.
Saw a CNBC interview last week, the person being interviewed is of the opinion that the perceived shortfall this quarter can be mostly attributed to investments which will bear fruit in the future (Geek Squad, etc.) He felt it was a great long term buy.
It's getting more heat today because CC reported surprisingly strong results, some feel at BBY's expense.
I will say I almost exclusively shop at BBY or online for electronics, and when I was there this weekend, the place was packed (and people were lining up outside for XBox 360!) I haven't shopped CC in years, nor do I plan to.

I will also say I'm already underwater on my position....
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