A careful analysis of the earnings report of Best Buy (BBY) shows that the business Best Buy may be losing to online competitors is less than some reports by analysts.
An encouraging statistic in the Best Buy report is that 40% of leases expire in the next 5 years. This provides Best Buy with the opportunity to close stores and focus more on its online business.… Please click here or the title below to read more.
Best Buy (BBY) reported earnings this morning. Both earnings and projections for Best Buy were only slightly below consensus.
Best Buy’s stock has taken a major hit primarily because of negative commentary by the analysts. ‘Best Buy has become a show room for Amazon (AMZN),’ has become the most often repeated phrase.
Anyone contemplating short selling this stock should think twice because the short interest stands at 12.5% of Best Buy float. Potential for a short squeeze is high.
If and when six screens of the ZYX Change Method are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX Buy Change Alert.… Please click here or the title below to read more.