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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (28151)	9/20/2007 2:33:23 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78520

Not sure I'd say Best Buy is a value stock, but I like BBY around current price, and I have a few shares bought recently. This is not going to be a good Christmas for retailers perhaps: "Retailers may have worst holiday in five years, NRF says" marketwatch.com It's just that historically BBY has put up good numbers; they're still growing - overseas too; they apparently sell stuff that people want; they are reported to be taking market share from competitors (i.e. CC). In the July 23,2007 Barron's article on Best Buy and other retailers, two strong reasons for the BBY case were given: the growing video game software business (and my opinion is that these could be things that people might afford and will want during the holiday shopping season); and the legislated transition to digital television in Feb. 2009. Retail stocks I am following seem to be taking a beating: recession coming and/or consumer is finally tapped out? (no more money from home equity; mortgage rates going up; jobs disappearing). I don't know. I'm hoping for a muddle-through. Economy - from my narrow view of my little environment - doesn't look that bad to me. So far anyway. I continue to hold BBY, BBBY, others that I've mentioned. I see a few fund managers I like buying into BBY or holding shares (I hope they are still in.): Capital Research, Leon Cooperman, Bill Nygren, etc. For a pessimistic perspective, Bill Wexler's thread seems to have that covered. He is short these stocks: Subject 53990

To: Wallace Rivers who wrote (28151)	9/20/2007 4:51:18 PM
From: James Clarke	Read Replies (1) \| Respond to of 78520

No doubt BBY is taking share from CC (and Tweeter has just about disappeared). CC looks cheap but BBY probably is cheap. Fantastic conference call yesterday. BBY and CC are in the same industry like a wolf and a deer are in the same forest. Yes they are, but it is also relevant that one eats the other. Best Buy I develop more respect for every year - never owned it though. Just missed losing a lot of money on CC. Came to my senses a day after buying it.

To: Wallace Rivers who wrote (28151)	10/3/2007 9:27:57 AM
From: Wallace Rivers	Read Replies (2) \| Respond to of 78520

Now I'm starting to look at CC, as well, purely from a value perspective, as growth is, currently, a non-issue at CC. CC trades at less than tangible BV, and has a strong balance sheet, IMHO from this angle, it may be a buy. I'll admit I'm not a CC shopper, and wouldn't be, unless some great deal were to be found there. They need to get sales issues in order. That doesn't take away that, using some value metrics, CC may be worth considering.