Best Buy’s share gains in 2013 lead the S&P 500

  • Article by: Patrick Kennedy , Star Tribune
  • Updated: October 11, 2013 - 5:50 AM

The stock jumped 7.6 percent Thursday, helping the retailer overtake Netflix as the best-performing stock in the index.

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ingrid99Oct. 10, 13 6:07 PM

Funny how the financial wizards were predicting the demise of Best Buy. We are such a media driven society, both socially and economically. He who yells the loudest collects the most sheep.

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bogie246Oct. 10, 13 7:34 PM

Best Buy is probably over bought, but hopefully can produce results that justify the current valuation. This is one more example that management matters. CEO's are denigrated for their comp, but I would suggest BBY management has contributed more to society than Joe Mauer or David Letterman.

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furguson11Oct. 11, 13 5:30 AM

"bogie246-but I would suggest BBY management has contributed more to society than Joe Mauer or David Letterman." Maybe, but I've gotten more personal joy out of Mauer and Letterman.

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joe_mnOct. 11, 13 7:26 AM

they are valued now at a reasonable number. can any expert explain why they were valued at 1/3 8 months ago?

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jimmyb007Oct. 11, 13 7:30 AM

Stock is up, financial performance of the business is actually not...ex items, operating performance is worse year over year. Analysts talking their book. Wish the company luck on continued sales declines and cost cuts.

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Osh017Oct. 11, 13 8:19 AM

Until $BBY can prove solid performance quarter after quarter, I would still be cautious about long-term growth. They reported solid Q2 numbers that stemmed from the sale of its interest in Carphone Warehouse (European investment). They are still seeing negative comps in a variety of categories and are not winning in services, which are key to their profitability. With many analysts expecting a sluggish Q3/Q4 for retail, I'd be weary of owning $BBY without hedging. I'd recommend taking some profit and looking for entries on pull backs rather than holding them long. Good luck to them, however.

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bogie246Oct. 11, 13 8:59 AM

Furguson: Good comment. I get frustration following Mauer, disgust watching Letterman and real satisfaction looking at BBY on my brokerage statement.

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popcornz1Oct. 11, 13 9:15 AM

how the heck can the stock be up when the core business is down? yikes. I wish I didn't have to invest to fund my retirement, it's just gambling these days.

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thepointOct. 11, 1310:49 AM

Went into BB yesterday with a question on mobile phones/contracts. Got some of the BEST customer service I've had at any retailer in years. They are nailing it!

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