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Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?

To: Jeter C. Hall who wrote (733)	3/5/1999 12:09:00 AM
From: Richard Tsang	Read Replies (1) \| Respond to of 980

I think Dell's GigaBuy.com will hurt BBY in the long run if BBY does not gear up online sales soon. That will also have negative impact on both growth potential and margin. RT

To: Jeter C. Hall who wrote (733)	3/5/1999 6:24:00 PM
From: Greg Thornton	Read Replies (1) \| Respond to of 980

Jeter, If you are in it for the long haul, and you have been in it for a while, you will probably come out of your BBY experience with some sort of profit. My point is that any and all upside is priced into this stock, and there is more downside risk in the short term. Also, technically, it has failed to break $96 3/4 on a closing basis twice now, even though it did hit $98 intra-day a couple of weeks ago. Speculation about the potential for a split got the stock where it is today, and that is now old news. Look at the recommendation for CC (Circuit City) today. Target price is for $90 with higher earnings per share next year than BBY. And they are currently trading around $70 after a 10% move today. Xerox and Dell actually make products and have much higher gross margins that a retailer who is subject to the whims of the fickle buying public. How do you think the once high-flyer CompUSA got where they are today? How did BBY get to be an $8 stock (pre-split) back in 1997. Only some of it is due to bad management. They are in the right place at the right time now but this will change. Good luck, Greg