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06-14-2007, 03:14 PM
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#1
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Moderator
Join Date: Dec 2005
Posts: 6,975
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BBY - Best Buy
The stock newsletter I follow had this as the stock of the month so I bought some. I figure if Circuit City is layoff their better customer service staff, people might go to Best Buy. The finances look good and there is a stock buy back program.
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06-15-2007, 07:10 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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I had thought about buying some a year ago and looks to still be a value.....I might look to finally add some....I wouldnt compare CC to them much.....if you have every shopped at the 2, CC seems to just be limping along....
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06-15-2007, 07:33 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2003
Location: Losing my whump
Posts: 22,701
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Hmmm...I bought a bunch about 10 years ago when it looked like a really cheap stock...and then bought some more when it went down a few months later.
Still looks to be a value huh? Seems a bit endemic...
Its a lousy business...eaten at from all sides by internet sales, warehouse clubs and the umpteen competitors...but it might be the best of a bad lot.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-15-2007, 09:23 PM
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#4
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,262
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 Quote:
Originally Posted by cute fuzzy bunny
Its a lousy business...eaten at from all sides by internet sales, warehouse clubs and the umpteen competitors...but it might be the best of a bad lot.
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Boy, you're sellin' the heck outta that one.
Meanwhile Intel jumped 4% to a new high on analyst optimism...
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06-16-2007, 07:51 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2003
Location: Losing my whump
Posts: 22,701
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Retail sucks. Hell, walmart should be blowing the doors off given its dominance and expansion possibilities and its been flatlined for 7 years.
I think INTC has 30 in it...maybe 32.
Just wait until they snuff out AMD...who cant seem to stop stepping on the end of the rake all by themselves...and can turn up the profits a little bit.
Questions hang over AMD after show debacle
Basically AMD was supposed to launch some products that should have nearly caught them up to INTC...but failed...in the meanwhile, INTC sped up their new product releases and actually delivered...so now they're two steps ahead...
INTC has some huge advantages in manufacturing efficiency, and the shift to 45nm only sharpens that spike.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-16-2007, 09:11 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Geeze Bunny...Retail Sucks....Intel is making AMD bleed...thanks for all of the great insider information.... 
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- Hurry! to the cliffs of insanity!
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06-16-2007, 04:16 PM
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#7
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,262
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Quote:
Originally Posted by cute fuzzy bunny
I think INTC has 30 in it...maybe 32.
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Oh, I can wait. I once bought Apple around $11/share and sold at $15, and I swear I won't be so hasty again.
Quote:
Originally Posted by cute fuzzy bunny
Basically AMD was supposed to launch some products that should have nearly caught them up to INTC...but failed...in the meanwhile, INTC sped up their new product releases and actually delivered...so now they're two steps ahead...
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Must... resist... shorting... AMD... must not... be... greedy...
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
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06-16-2007, 05:10 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,701
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No extra charge! 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-19-2007, 12:35 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2003
Location: north of Kansas City
Posts: 6,829
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BUD (Budweiser) - now there's a business model I can understand.
I do remember a Coor's distributor in 1974 telling me when beer did well we were headed into a recession - DUH! 1974, aka AFTER the 73-74 stock meltdown. So much for inside info.
I understand Buffett is triming his postion a little.
heh heh heh -  .
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06-20-2007, 06:24 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,423
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It isn't when beer does well we are GOING into a recession, it is 'when we are IN a recession people buy beer'
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"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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06-22-2007, 02:03 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Aug 2006
Posts: 12,332
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So, we need an "unsocially conscious" fund, with stocks like:
Budweiser, Reynolds Tobacco, Phillip Morris, Kraft (Mac and Cheese folks), and then short:
Seagrams (too expensive)
BMW
Mercedes
etc...........
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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06-22-2007, 02:14 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,701
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__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-27-2007, 07:37 PM
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#13
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 828
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Bby!
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"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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Walmart's been having trouble for years
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06-28-2007, 11:40 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,009
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Walmart's been having trouble for years
Walmart has been losing ground to Target for years. When I bought Target in 2003, it was priced at a large discount to Walmart, PE-wise. Now Target actually trades at a premium to Walmart (and rightly so, IMO).
Walmart has had fairly anemic same store sales for years. They are getting a reputation for shoddy stores and products. Target has generally higher same store sales numbers, and has added a lucrative credit card operation to their business (the credit business adds risk too, though).
I'm not saying that Walmart is a bad stock to buy at this point. Just that their story has gotten a lot worse over the last 3-4 years and their stock price reflects that.
Quote:
Originally Posted by cute fuzzy bunny
Retail sucks. Hell, walmart should be blowing the doors off given its dominance and expansion possibilities and its been flatlined for 7 years.
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06-30-2007, 08:24 AM
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#15
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Full time employment: Posting here.
Join Date: Jun 2007
Posts: 567
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I suppose it's the fact that I worked at BBY for so long, but I could never see owning their stock. Then again, my wife works there now and we're doing almost $5k a year into their stock purchase plan (hey, a 15% discount helps take the sting out a little).
They seem to be making money in spite of themselves. Their IT 'investment' is hurting them a lot more than they realize. I'm not too keen on their buyback program. It's beneficial, sure, but that just tells me they're running out of new ideas for spending money.
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