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Non-Tech : BBY -Best Buy
BBY 82.14-1.3%Oct 31 9:30 AM EST
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To: charles meade who wrote (56)12/5/1996 9:10:00 AM
From: DanZ   of 980
 
Thanks for posting this Charles. The report looks pretty bad to me:

1. Only a 2% increase in sales over Nov. 95.
2. Only a 4% increase in sales over third quarter of 95.
3. An 8% drop in same store sales.

The low increase in sales is bad when one factors in that BBY has opened many stores this year, including 10 in the third quarter.

And keep in mind that these are only sales numbers. Earnings could be down even more if they aren't keeping their costs under control.

Now we just have to wait to see how the stock reacts, but my guess is I'll get my opportunity to sell my puts for a decent profit and buy some stock near 11 either today or tomorrow.

Dan
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