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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49885)	3/5/1999 11:04:00 AM
From: sammaster	Read Replies (2) of 132070

this is a copy of best buy's revenue breakdown... Quarter Ended Fiscal Year Ended 2/27/99 2/28/98 2/27/99 2/28/98 Home Office 34% 35% 36% 38% Consumer Electronics 28% 28% 27% 26% Entertainment Software 23% 23% 20% 20% Appliances 6% 6% 8% 9% Other 9% 8% 9% 7% TOTAL 100% 100% 100% 100% their same store growth is only 10% with a p/e of 50 does pc sales put under home office? seems like with compusa warning about software sales also(23% of best buy sales) and lets say 10% for pc sales...that going to be a big bite out of revs for bby....plus if the economy and the stock market tank their arent going to a lot of folks buying the latest dvd or other electronics... looks like a good short a this level.... samir

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