BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 74.38

0.0%

Nov 19 3:59 PM EST

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To: Richard Tsang who wrote (734)	3/6/1999 4:38:00 PM
From: Richard Tsang	Read Replies (3) of 980

BBY listed as one of the "stocks to avoid" along with Amzon.com (and others) by L Roy Papp in Worth Magazine (March '99): Amazon.com (AMZN recent price 106, fair value:$30) Best Buy (BBY, recent price $82, fair value:$45) Citing: "The Internet is a serious threat to traditional retailers, especially those that sell low-margin goods like electronics and computers-retailers such as Best Buy. Strong competition from direct PC sellers such as Dell and Gateway is especially worrisome. Though its recent profits have been good, Best Buy hasn't shown consistent earnings growth." In the same column of the April Worth, Klaus Kaldemogren put a fair value on AMZN at $10. FWIW

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