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	<title>Stock Blog Hub &#187; Best Buy Company Inc.</title>
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		<title>($BBY) Best Buy Misses Consensus Estimate</title>
		<link>http://www.stockbloghub.com/2009/09/16/bby-bby-best-buy-misses-consensus-estimate/15254</link>
		<comments>http://www.stockbloghub.com/2009/09/16/bby-bby-best-buy-misses-consensus-estimate/15254#comments</comments>
		<pubDate>Wed, 16 Sep 2009 17:22:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15254</guid>
		<description><![CDATA[Best Buy Company Inc. (BBY) recently reported second quarter 2010 results, which included double-digit growth in the top-line, but a surprise double-digit drop in the bottom-line. Best Buy&#8217;s quarterly earnings of 37 cents per share missed the Zacks Consensus Estimate of 42 cents, and dropped 22.9% year-over-year from 48 cents. Net earnings fell 21.8% to $158 million, due to the rise in cost of goods sold (up 12.4%), SG&#38;A expenses (up 17.7%), higher effective tax rate (42.8% versus 37.3% in the year-ago quarter), and the strong dollar. Best Buy has gradually gained market share after its main rival Circuit City went out of business. BBY&#8217;s domestic market share rose 2.7% in the quarter. Notebook computers, phones and flat-panel TVs were the strongest categories, but were offset by softness in gaming, ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBY) Retail Recovery?</title>
		<link>http://www.stockbloghub.com/2009/09/16/bby-retail-recovery/15258</link>
		<comments>http://www.stockbloghub.com/2009/09/16/bby-retail-recovery/15258#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:54:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>
		<category><![CDATA[HD]]></category>
		<category><![CDATA[LOW]]></category>
		<category><![CDATA[Lowe's Companies Inc.]]></category>
		<category><![CDATA[The Home Depot]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15258</guid>
		<description><![CDATA[Retail sales rose a stronger-than-expected 2.7% in August. The consensus expectation was for a rise of 1.9%. Most of the gain was due to the Cash for Clunkers program, which led to a 10.6% rise in sales at auto dealers. However, even stripping out autos it was a stronger-than-expected report, up 1.1% versus expectations of a 0.4% rise. On a year-over-year basis, total retail sales are down 5.3% and, excluding autos, they are down 6.2%. Autos are down 1.0% on a year-over-year basis. Keep in mind that a year ago retail sales started to fall off a cliff following the financial meltdown. Therefore, going forward the comparisons are going to start to look very easy. As the graph below (from http://www.calculatedriskblog.com/) shows, it looks like the retail worm has turned. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/bby-retail-recovery/15258/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HPQ) HP Launches New Print Applications</title>
		<link>http://www.stockbloghub.com/2009/09/10/hpq-hp-launches-new-print-applications/14847</link>
		<comments>http://www.stockbloghub.com/2009/09/10/hpq-hp-launches-new-print-applications/14847#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:08:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Amazon.com Inc.]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>
		<category><![CDATA[CAJ]]></category>
		<category><![CDATA[Canon Inc.]]></category>
		<category><![CDATA[Eastman Kodak Company]]></category>
		<category><![CDATA[EK]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[Lexmark International Inc.]]></category>
		<category><![CDATA[LXK]]></category>
		<category><![CDATA[ODP]]></category>
		<category><![CDATA[Office Depot]]></category>
		<category><![CDATA[OfficeMax Inc.]]></category>
		<category><![CDATA[OMX]]></category>
		<category><![CDATA[SPLS]]></category>
		<category><![CDATA[Staples]]></category>
		<category><![CDATA[Yahoo! Inc.]]></category>
		<category><![CDATA[YHOO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14847</guid>
		<description><![CDATA[Hewlett-Packard (HPQ) recently said it would launch a new Print App and an App Studio portal for the holiday season to enhance web printing, helping consumers to print customized content without a PC. The print App software is designed to work with HP’s high-end printers. To improve the speed and reduce cost of digital printing, the company had earlier unveiled graphic arts technologies and products to support its Print 2.0 strategy. HP’s Photosmart Premium with TouchSmart Web is already available in the market. The company is manufacturing commercial and specialty digital printers to work with the Photosmart and TouchSmart. HP’s Photosmart Premium printer with TouchSmart Web will be available for $399. The new Photosmart printers feature touch technology that help users to display as well as edit and print photos ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBY) Best Buy Plans to Open 22 New Stores</title>
		<link>http://www.stockbloghub.com/2009/09/01/bby-best-buy-plans-to-open-22-new-stores/14081</link>
		<comments>http://www.stockbloghub.com/2009/09/01/bby-best-buy-plans-to-open-22-new-stores/14081#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:45:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14081</guid>
		<description><![CDATA[Best Buy Co. Inc. (BBY) recently announced its plan to open 22 new U.S. stores in its fiscal third quarter. The stores will be opened in Virginia, Texas, Florida, Pennsylvania, Mississippi, New York, Ohio, California, Wisconsin, Puerto Rico, Arkansas, New Jersey, Massachusetts and Louisiana. Currently, Best Buy operates 1,044 U.S. stores in 50 states and Puerto Rico. The company added 21 stores in the first six months of the fiscal year 2010. It opened 9 stores in the first quarter and another 12 stores in the second quarter. Best Buy’s pace of opening new stores in the current fiscal year is substantially low compared to prior year quarters. Amid the challenging global economy and tough retail environment, we believe that the company has taken prudent steps to move steadily, rather ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBBY) Retail sales in July were much lower than expected</title>
		<link>http://www.stockbloghub.com/2009/08/13/bbby-retail-sales-in-july-were-much-lower-than-expected/12496</link>
		<comments>http://www.stockbloghub.com/2009/08/13/bbby-retail-sales-in-july-were-much-lower-than-expected/12496#comments</comments>
		<pubDate>Thu, 13 Aug 2009 20:43:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[BBBY]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Bed Bath & Beyond Inc.]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corp.]]></category>
		<category><![CDATA[WAG]]></category>
		<category><![CDATA[Walgreen Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12496</guid>
		<description><![CDATA[Retail sales in July were much lower than expected. Total sales fell by 0.1%, far below the 0.8% increase forecast by the consensus of economists and the 0.8% increase that was posted in June. The one piece of good news in the report was that the June number was revised up from a 0.6% increase. If autos are excluded, sales fell 0.6% versus the expected increase of 0.1% and well below the 0.5% increase in June (originally reported as up 0.3%). The government auto sales numbers (up 2.4% from June, following a 1.9% increase the previous month) were well below what was indicated by the unit sales numbers coming from auto companies like Ford (F), General Motors and Toyota (TM). However, the &#8220;Cash for Clunkers&#8221; surge was right at the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/13/bbby-retail-sales-in-july-were-much-lower-than-expected/12496/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MSFT) Microsoft Sells Razorfish</title>
		<link>http://www.stockbloghub.com/2009/08/10/msft-microsoft-sells-razorfish/12240</link>
		<comments>http://www.stockbloghub.com/2009/08/10/msft-microsoft-sells-razorfish/12240#comments</comments>
		<pubDate>Tue, 11 Aug 2009 02:27:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Application Software]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AT&T Inc.]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google Inc.]]></category>
		<category><![CDATA[KFT]]></category>
		<category><![CDATA[Kraft Foods Inc.]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[OMC]]></category>
		<category><![CDATA[Omnicom Group Inc.]]></category>
		<category><![CDATA[T]]></category>
		<category><![CDATA[Wausau Paper Corp.]]></category>
		<category><![CDATA[WPP]]></category>
		<category><![CDATA[Yahoo! Inc.]]></category>
		<category><![CDATA[YHOO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12240</guid>
		<description><![CDATA[Yesterday, Microsoft (MSFT) announced the sale of Razorfish, the digital advertising firm it received as part of the aQuantive acquisition in 2007. The consideration to be paid by Publicis Group, the acquirer, is around $530 million, partly in the form of cash and partly in 6.5 million Publicis Groupe treasury shares. The agreement creates a win-win situation. Publicis Groupe gets to acquire a digital advertising company, which effectively transforms a quarter of its business to the digital model. With Internet usage increasing the world over, digital advertising is assuming increasing importance in today’s world. The price is also reasonable, given that the company generated around $400 million in revenues in 2008, and is expected to generate $360-370 million in 2009. The revenue decline is recession-related and does not indicate loss ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/10/msft-microsoft-sells-razorfish/12240/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CE) Consumer Electronics &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/07/27/ce-consumer-electronics-industry-outlook/11411</link>
		<comments>http://www.stockbloghub.com/2009/07/27/ce-consumer-electronics-industry-outlook/11411#comments</comments>
		<pubDate>Tue, 28 Jul 2009 06:13:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>
		<category><![CDATA[CE]]></category>
		<category><![CDATA[Celanese Corp.]]></category>
		<category><![CDATA[Corning Incorporated]]></category>
		<category><![CDATA[GLW]]></category>
		<category><![CDATA[LG Display Company]]></category>
		<category><![CDATA[LPL]]></category>
		<category><![CDATA[LTD]]></category>
		<category><![CDATA[PALM]]></category>
		<category><![CDATA[S]]></category>
		<category><![CDATA[Sprint Nextel Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=11411</guid>
		<description><![CDATA[The manufacturing build up in China for the consumer electronics (CE) 2009 Xmas season has started. Inventory drawdown from last year had an impact in the fourth quarter 2009 and the first quarter of this year so product volume in the major areas was down year to year. However, it appears that the worst is over as demand for computers and Flat Panel Display TVs is showing more strength than would be expected on a seasonal basis. But the problems of the worldwide recession had caused some companies to reduce production and some shortages will occur over the next few months. These include DVD and CD drives (since optical pick-up heads are in short supply); HDD drives for notebooks and LCD glass panels. PC demand is picking up in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/07/27/ce-consumer-electronics-industry-outlook/11411/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBY) Best Buy Co. Inc. &#8211; Growth And Income &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/06/11/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy-3/8224</link>
		<comments>http://www.stockbloghub.com/2009/06/11/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy-3/8224#comments</comments>
		<pubDate>Thu, 11 Jun 2009 22:11:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=8224</guid>
		<description><![CDATA[Best Buy Co. Inc. (BBY) is seeing bullish estimates ahead of reporting next week. Analysts are calling for fiscal year earnings of $2.77 per share, up from the 3 months-ago forecasts of $2.35. Company Description Best Buy is a well-known multinational retailer of consumer electronics, home office products, entertainment software, appliances, and related services in the United States, Canada, Europe, Mexico and China. Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue. Upward Estimate Revisions Ahead of Reporting The retailer is seeing bullish estimates ahead of reporting next week. Analysts are calling for earnings of $2.77 per share for the year ending February 2010, up from the 3 months-ago forecasts of $2.35. For the following year, the consensus projection of $3.07 per share was ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBY) Best Buy Co., Inc. &#8211; Growth And Income &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/04/16/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy-2/5602</link>
		<comments>http://www.stockbloghub.com/2009/04/16/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy-2/5602#comments</comments>
		<pubDate>Thu, 16 Apr 2009 21:47:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=5602</guid>
		<description><![CDATA[Best Buy Co., Inc. (BBY) has been on a tear, soaring past the market by 30% to 40% over the past few months. Analysts are bullish on earnings, revising fiscal year forecasts from $2.37 per share to $2.77. Company Description Best Buy is a well-known multinational retailer of consumer electronics, home office products, entertainment software, appliances, and related services in the United States, Canada, Europe, Mexico and China. Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue. Solid Performance and Strong Fundamentals The company recently posted fiscal fourth-quarter earnings of $1.61 per share, surpassing the consensus estimate by 14%. Revenue jumped 10% year-over-year, though comparable store sales dipped by 5%. &#8220;We prepared for reduced consumer spending, and we were pleased when the quarter finished ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBY) Best Buy Co. Inc. &#8211; Growth And Income &#8211; Zacks Rank Buy</title>
		<link>http://www.stockbloghub.com/2009/03/19/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy/4522</link>
		<comments>http://www.stockbloghub.com/2009/03/19/bby-best-buy-co-inc-growth-and-income-zacks-rank-buy/4522#comments</comments>
		<pubDate>Thu, 19 Mar 2009 22:31:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=4522</guid>
		<description><![CDATA[Best Buy Co. Inc. (BBY) is watching analysts boost earnings estimates as its share price outperforms the major averages. The company&#8217;s earnings, on average, came in 7% ahead of analysts&#8217; expectations over the past 4 quarters in a row. Company Description Best Buy is a well-known multinational retailer of consumer electronics, home office products, entertainment software, appliances, and related services in the United States, Canada, Europe, Mexico and China. Best Buy family of brands and partnerships collectively generates more than $40 billion annual revenue. Higher Income The company declared a quarterly dividend of 14 cents per share in mid-December. The dividend, which was paid out on January 27, was increased from 13 cents in June 2008. Best Buy&#8217;s dividend yield of 2% tops the industry average as very few of ]]></description>
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