Time for Best Buy (BBY) to Dump International Businesses
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
UBS Comments on Best Buy (BBY)
November 21, 2012 2:16 PM ESTUBS maintained a Neutral rating on Best Buy (NYSE: BBY) and cut its price target to $12.50 (from $14.50).
Commenting on Best Buy's recent quarterly report, analysts said "With each passing quarter, it seems like BBY's array of challenges are becoming more intense."
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Dwindling Cash Flow at Best Buy (BBY) Has Some Analysts Questioning Takeover Interest
November 21, 2012 11:27 AM ESTBest Buy (NYSE: BBY) is seeing further pressure Wednesday following third-quarter results issued Tuesday morning. One interesting item is creeping up amid the retailer sinking to fresh decade lows: will founder Schulze still bite?
Analysts are mixed. Wedbush thinks the declining free cash flow (FCF) would make it less attractive to private equity firms while Raymond James comments that, other than pure valuation, it isn't sure... More