New User:

-or-
Username:
Password:
Forgot your password?
News Breaks
22:13 EDTBBY
theflyonthewall.com: Best Buy's founder, chairman sold 500,000 shares, Barron's reports
Best Buy's (BBY) founder and chairman, Richard M. Schulze, sold 500,000 shares for an average price of $43.24 on Nov. 20. After the sale, he held 70.3M shares, a 17% stake, directly, indirectly and through exercisable options. The shares sold were part of Schulze's indirect holdings, a revocable trust of which he is a co-trustee, but which was set up for his own benefit. Shares of Best Buy have risen 24% over the past six months, bouncing back significantly from mid-recession lows, but consumer spending this holiday season is expected to remain weak. Lon Juricic, president of StreetInsider.com, says Schulze's past sales were not indicative of any short-term movement in the stock. "I don't see any major red flag in terms of timing," he says. "But the fortunes of the company are so tied to the consumer that now is probably a good time to sell shares. The gains in the stock are already discounted for the wariness of the consumer. More gains will be hard to come by until the consumer really opens up his wallet." Reference Link :theflyonthewall.com



News For BBY From The Last 14 Days
Check below for free stories on BBY the last two weeks.
There are 11 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing.
February 5, 2010
09:00 EDTBBY
theflyonthewall.com: On The Fly: Analysts Upgrade Summary

Subscribe for More Information
:theflyonthewall.com
07:34 EDTBBY
theflyonthewall.com: hhgregg takes on Baes Buy, WSJ reports
hhgregg (HGG), a Midwest consumer electronics firm, is challenging Best Buy Co. (BBY) by taking advantage of lower rents to grow nationally, reports the Wall Street Journal. The company plans to expand to 600 stores this decade from 127 currently. Reference Link :theflyonthewall.com
06:59 EDTBBY
theflyonthewall.com: On The Fly: Periodicals Wrap-Up

Subscribe for More Information
:theflyonthewall.com
06:59 EDTBBY
theflyonthewall.com: New TiVo HD Box may be in the works, Barron's reports
Barron's reports that TiVo (TIVO) could be rolling out a new HD box following a research report out of Janney Montgomery. Analyst Tony Wible pointed out that TiVo’s $250 HD DVR - the primary SKU for its stand-alone business - is out of stock on both TiVo.com and BestBuy.com (BBY). Reference Link :theflyonthewall.com
05:57 EDTBBY
theflyonthewall.com: Best Buy upgraded to Buy from Neutral at Janney Montgomery

Subscribe for More Information
:theflyonthewall.com

February 3, 2010
09:42 EDTBBY
theflyonthewall.com: Active equity option families in first 10-minutes
Active equity option families in first 10-minutes of trading according to Track Data are: C BAC F BBY. :theflyonthewall.com

February 1, 2010
09:20 EDTBBY
theflyonthewall.com: The Carphone Warehouse Group proposes separation into two new holding companies
The Carphone Warehouse Group PLC, “CPW”, announced its proposal to demerge and separate CPW into two new holding companies to be listed on the London Stock Exchange: TalkTalk Group PLC, which will be the holding company for the fixed line voice and broadband telecommunications business, and New Carphone Warehouse PLC, which includes CPW’s 50% ownership interest in Best Buy Europe Distributions Limited-“Best Buy Europe”. Best Buy Europe was formed on June 30, 2008, as a venture, which is 50% owned by Best Buy Co and 50% owned by CPW. Best Buy Europe will form part of the New Carphone Warehouse listed company. This information is from a company 8-K. :theflyonthewall.com
07:35 EDTBBY
theflyonthewall.com: Microsoft's profits form Windows 7, but PC makers don't, WSJ reports
Microsoft's (MSFT) new Windows 7 operating system has increased its earnings and helped PC sales, but it has not helped the profits of several PC companies, reports the Wall Street Journal. A key reason: Laptop prices showed a record year-over-year decline, dropping 23% to an average of $581 last quarter from a year ago, says NPD Group, a market research company. Reference Link :theflyonthewall.com

January 31, 2010
21:51 EDTBBY
theflyonthewall.com: Jim Cramer's "Mad Money"

Subscribe for More Information
:theflyonthewall.com

January 27, 2010
09:00 EDTBBY
theflyonthewall.com: On The Fly: Analysts Upgrade Summary

Subscribe for More Information
:theflyonthewall.com
06:52 EDTBBY
theflyonthewall.com: Best Buy upgraded to Buy from Neutral at Rochdale

Subscribe for More Information
:theflyonthewall.com