A great day to buy some stocks cheaper.

Biggy · 12-13-2005

BestBuy I am real happy with. The reason estimates are 2 cents lower are because expenses outpaced revenue. Revenue grew 10%. The management admitted that some things they were spending money on weren't working. All they have to do is cut back in the wrong area, and now only will we see this 6 point make up, but possibly even higher. There is also a buzz the holiday season is stronger than people think (every article I read calls holiday sales lackluster). Only thing I would be worried about is inflationary woes coming from the Fed at the end of January with an interest rate hike, but I think everyone is already expecting it. A 6 point drop is too good to pass up.

12-13-2005	#4
Biggy Members Join Date: Jul 2003 Posts: 768	Re: A great day to buy some stocks cheaper. BestBuy I am real happy with. The reason estimates are 2 cents lower are because expenses outpaced revenue. Revenue grew 10%. The management admitted that some things they were spending money on weren't working. All they have to do is cut back in the wrong area, and now only will we see this 6 point make up, but possibly even higher. There is also a buzz the holiday season is stronger than people think (every article I read calls holiday sales lackluster). Only thing I would be worried about is inflationary woes coming from the Fed at the end of January with an interest rate hike, but I think everyone is already expecting it. A 6 point drop is too good to pass up. __________________ Create a solid TGP presence for your site(s). ICQ: 110850739