Related Blog Posts from the Wikinvest Wire

Stocks tend to be most volatile around earnings season, when a good or bad report can make or break it. However, a good or even great earnings report doesn't necessarily translate into a huge pop for a stock. During earnings season, BullMarket.com publishes a comprehensive 25- to 40-page Earnings Preview report for the week ahead each [...]

Best Buy Co., Inc. (BBY), which is slated to report its fourth-quarter results on February 28, has had a tough year. The retailer had a disappointing third quarter. Earnings per share dropped from the year-ago quarter figure of 47 cents to just 3 cents, a decline of nearly 94%. Total revenue and same store sales declined [...]

One of the fulcrums of the value investing as espoused by Warren Buffet is to buy business with a moat around it. Many businesses once thought a golden goose failed to produce gold when no one expected so.  Recent example can be Best Buy. It can be accused of losing on its own turf- an [...]

Best Buy Co., Inc. (NYSE:BBY) has given founder and largest shareholder Richard Schulze more time to consider his bid to buy it out. This comes after Reuters reports that an anonymous source said he didn’t have the financing in place yet. We reported on Thursday that shares of the company were soaring on the news [...]

Courtesy of Benzinga. The following are the M&A [...]

Best Buy, Inc. (BBY) posted dismal third-quarter 2013 results. The quarterly earnings of $0.03 per share fell 94% from the year-ago quarter, and also missed the Zacks Consensus Estimate of $0.12. Total revenue also declined 3.5% to $10,753 million, while comparable-store sales fell 4.3%, reflecting a decline of 4% at Domestic segment and 5.2% at [...]

The markets are roughly flat in early trading following yesterday's solid rally.  Stocks rallied both Friday and Monday, so its rational for them to take a breather.  The question for investors is whether stocks are just catching their breath before another push to the upside or if the last 2 day rally was just a breather from the recent downtrend action?  I think the markets still have some more upside, though I don't see us getting back to the highs of the year. This morning both BBY...

Offsetting gains at the end of the year is often a sensible move. Most stocks aren’t appreciably higher 30 days later. And if you still like them, you can buy them back then.... >> The Best Trade You Can Make in November

Best Buy (NYSE:BBY) is set to open seven Twin Cities Best Buy Mobile stores.

It has been reported that Best Buy (NYSE:BBY) is set to open a new online store in China.

I think we’ve all heard about the Best Buy (NYSE: BBY) takeover attempt by now. The story goes that Founder Richard Schulze offered to buy the company somewhere in the range of $24 to $26 per share. When the announcement was made a few weeks ago, Best Buy shares shot up around 13%. That’s because if [...]

Best Buy (NYSE:BBY) has reached an agreement with Schulze to pursue a buyout of the company he founded.

Best Buy (BBY) was recently downgraded from Neutral to Underperform. The downgrade comes following dismal second quarter 2013 results. The quarterly earnings of $0.20 per share fell 49% from year ago levels and missed the Zacks Consensus Estimate of $0.31. Total revenue also declined 2.8% to $10,547 million during the quarter. Comparable-store sales fell 3.2%, [...]

Richard Schulze, the 71 year old founder of Best Buy Co., Inc. (NYSE:BBY), has finally been allowed to conduct due diligence in his ongoing efforts to acquire Best Buy. This came after Best Buy, the largest global electronic retailer, arrived at an agreement with Schulze. In a statement released today by the Richfield Minnesota-based company, it [...]

Best Buy (NYSE:BBY) has resumed takeover talks with Schulze.

  Retailer Best Buy Co., Inc. (NYSE:BBY) has been going through troubled times. Its last earnings report was disappointing, with a miss on estimates and profits falling 52 percent from last year on revenues that declined 3 percent. The retailer suspended its stock repurchase program and also refused guidance for the balance of the year. A new [...]

Best Buy Co., Inc.(NYSE:BBY) reported its second quarter earnings today. The research wing of Citigroup Inc. (NYSE:C) remains neutral on the electronics retailer, after its disappointing results. Citigroup Inc. (NYSE:C) said it was expecting an earning per share of 34 cents, but the actual EPS of Best Buy Co., Inc.(NYSE:BBY) came at 20 cents. The Minneapolis-based firm earned $124 million in [...]

Retail Sales and the American Spender in Review and a 'Speculative' Outlook   [caption id="attachment_72341" align="aligncenter" width="624"] Retail sales quarterly numbers 2005-2012, which peaked at close to $400billion in the first quarter of 2012[/caption] On Tuesday of this past week, the Commerce Department’s retail sales figures were released, coming in at a growth rate of 0.8 percent [...]

Responding quickly to a letter sent by its founder and former chairman Richard Schulze, Best Buy Co., Inc. (NYSE:BBY) said that Schulze doesn't need the Board of Directors' permission to name his actual private equity partners. Richard Schulze said in his letter that Minnesota law prevents him from disclosing the names of the group, and he [...]

Best Buy (NYSE:BBY) has cut iPhone prices amid Apple's new model launch expectations.

Best Buy (NYSE:BBY) is set to release the Galaxy Tab 2 7.0 Student Edition on Aug. 19.

There could not be a better study in contrasts. On the one hand Wal-Mart, finding favor with a key analyst,  as sales increase preparatory to an important shopping season. On the other, Best Buy Co., Inc. (NYSE:BBY), a floundering consumer electronics chain with governance issues, on the threshold of being taken private by its founder, provided [...]

Best Buy Co., Inc. (BBY:Quote) is surging 27 percent to $22.44. Richard Schulze, founder and former Chairman of the company, has submitted a written proposal to acquire outstanding shares for $24.00 to $26.00 per share in cash. Cognizant Technology Solutions Corp. (CTSH:Quote) is rising 7 percent to $62.20. The company's second quarter [...]

Best Buy Co., Inc. (NYSE:BBY)'s founder and former chairman, Richard Schulze, offered $24 to $26 a share to take the electronics retailer private. On the news of offer, the shares of the company rose by 34 percent in the early trading session. Schulze’s financial adviser on the buyout, Credit Suisse Group AG (NYSE:CS), is confident of [...]

Richard Schulze, founder of Best Buy Co., Inc. (NYSE:BBY), considering a bid to take the troubled electronics retailer private. According to a senior Best Buy executive, the founder is recruiting executives to help him with the process. J.D. Wilson, senior vice president of enterprise capabilities, told “He is talking to people he trusts,” and “There is a small group he’d like to have with him in righting the ship. He is serious as...

David Einhorn's Greenlight Capital is out with their Q2 2012 investor letter and Dealbreaker has it posted.  In it, they reveal that they no longer own Best Buy (BBY) or Dell (DELL).  Additionally, they started new stakes in Cigna (CI) and Coventry Health Care (CVH), playing the managed care sector.  Here are some excerpts from the letter: On Best Buy:  "We thought that the core debate was whether or  not the company could compete with Amazon.  The answer at this point is that maybe it...

  David Einhorn, the famous hedge fund manager, has just released his second quarter letter. The firm suffered a 3.2% drop in the second quarter, but is up 3.4% for the year. Einhorn criticizes the actions of European Central Bank, and the constant cycle, which he noted in an earlier letter. The biggest winner is a short position [...]

Best Buy (NYSE:BBY) has launched the College Innovator Fund.

Best Buy (NYSE:BBY) has launched the Best Buy Trade-In Plus program to offer trade-in values for customers.

Courtesy of Benzinga. On June 21, 2012, the Compensation and Human Resources Committee of the Board of Directors of Best Buy (NYSE: BBY), approved the entry into special continuity award agreements ("Continuity Award Agreements") for a number of the registrant's officers, including the [...]

. (HGG: News ) fell 22 percent to $9.00. The company expects to report a wider loss for its first quarter. The company estimates net sales to improve 13.5 percent, but to miss Wall Street view. The company said its first quarter 2013 results were negatively impacted by lower than [...]

Best Buy (NYSE:BBY) has cut 2,400 more jobs as part of its turnaround effort.

Courtesy of Benzinga. According to a Sunday Times report, Barclays' (NYSE: BCS) board of directors is considering splitting the bank into [...]

Courtesy of Benzinga. A wise old man once told me that everything in life happens due to underlying motives. [...]

Best Buy (NYSE:BBY) is set to reduce its workforce as part of its turnaround plan.

  Best Buy Co., Inc. (NYSE:BBY) confirmed on Friday that it will cut 2,400 jobs or 1.4 percent of its 167,000-employee workforce, reported Reuters. This will include 600 Geek Squad technicians. The news of the jobs cuts follows the company's March announcement that it would also close 50 stores. Best Buy spokeserperson Greg Hitt said on Friday that [...]

Courtesy of Benzinga. A company's management obviously has an inside view of their company. Investors may do well to pay attention [...]

Courtesy of Benzinga. Founder and Chairman of Best Buy (NYSE: BBY) Richard Schulze, 71, resigned from the board today and said [...]

Best Buy Co., Inc. (NYSE:BBY) is trying a new strategy to increase its profitability by renovating its spacious electronic emporium by becoming an Apple Inc. (NASDAQ:AAPL) store look alike. The company launched the new look of electronics shop near its headquarters in Richfield, Minnesota. The newly re-designed Best Buy shop features a Solution Central Desk surrounded by desk [...]

Best Buy (NYSE:BBY) has been considering the installation of streaming online prices in-stores.

A store discount on the MacBook Pro with Retina Display? Huh?!? It’s a product that critics have raved over and not without reason: Apple's new 15.4-inch Macbook Pro with Retina Display really pushes the envelope in design features and innovation. Housed in an ultra-slim, very lightweight form factor, this drool-worthy gizmo sports an Intel 2.3Ghz Core [...]

It has been reported that Best Buy (NYSE:BBY)'s founder has been considering a buyout.

Best Buy (NYSE:BBY) has listed the new Asus Transformer Pad Infinity for $599.

Courtesy of Benzinga. On June 21, 2012, the Compensation and Human Resources Committee of the Board of Directors of Best Buy (NYSE: BBY), approved the entry into special continuity award agreements ("Continuity Award Agreements") for a number of the registrant's officers, including the [...]

Best Buy (NYSE:BBY) has launched back-to-campus promotions with new deals for students.

Best Buy (NYSE: BBY) has been shedding executives like leaves in fall, but it still must have come as something of a shock to the top brass when founder Richard Schulze resigned from his position on the board on Thursday, stating on his way out that he may sell his recently disclosed 20.1% stake in the retailer. CEOs come and go, but when one of the company's founders, the people who put their heart and soul into building the business, decides to jump ship (albeit at the age of 71), then...

In an interesting development, Best Buy Co., Inc. (NYSE:BBY) Chairman and Founder, Richard Schulze, announced today that he would be resigning from the firm immediately.  The founder currently has a 20.1 ownership stake in the electronics superstore, making Schulze the largest shareholder. Originally, Richard Schulze was supposed to retire after the firm’s 2012 annual meeting on [...]

Best Buy (NYSE:BBY) has selected NDP Group for a new consumer tracking service.

Today was an important day in earnings for the retail sector. Here's a round up of some of the retailers that announced their earnings earlier today. Best Buy Co., Inc. (NYSE:BBY) announced a fall in profits of around 26% as restructuring costs hit the company's bottom line. The firm earned $158 million or 46 cents per share [...]

Best Buy (NYSE:BBY) has selected recruiting firm Spencer Stuart to run its search for a new chief executive.