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retailer too the question then is who has the most of all these things and the answer is Elementary my dear Watson I think it's best by BBY for all you home Gamers and it reports write this down December 15th and I think it will deliver yes indeed as I shop at Best Buy a super duper I love you you love me upside surprise something that we know will drive this stock sky All Aboard bye bye by now we worked backwards on this on this one uh really less Arthur C and Doyle and and more and gell and po I call this a tale of radiation and in a completely non-scientific way we went to a local Best Buy under and found that 20 I know like they won't recognize me because I'm so big I didn't go someone else did did we found that 22% of the store's total square footage 22% is devoted to smartphones e-readers netbooks big screen flat panel LCD TVs Apple products copies of Windows 7 and hey why not throw this in Call Of Duty Modern Warfare to total death to everyone I think that's what they call it anyway that's sell them well although I know they cut the price doesn't matter they had 47 different sets can we have we actually counted this stuff 47 different sets of flat panel TVs versus just 11 at Walmart average price $986 48 cheap deer than Walmart's average price at least according to the research I read of 1,159 that's right this Best Buy beat Walmart on Price Less anecdotally we know the Best Buy had great Black Friday traffic with Brian Dunn the CEO saying that the crowds were quote materially big than last year on top of that he added that inventories are leaner than they were at the same time last year so Best Buy shouldn't have to do that deep discounting merchandising that I hate going into Christmas especially not with this level of demand man around 20% of all Christmas electronic sales a car over Thanksgiving weekend can you believe that so the fact that 25% of the consumers who bought a TV on Black Friday did so a Best Buy that's UBS research I it's downright encouraging plus you know we've been pushing the mobile internet tsunami endlessly including in my new book getting back to even did I mention that which I will sign for you tomorrow night at the 92nd Street Y in Manhattan after the show we told you about all the companies that make what goes into a smartphone and think that they're set to have huge multi-year moves well you know what the same should go for best by the company at selling the darn things all right let's talk mano a mano there's this guy his name is Gary Balter he's from credit s he's what I call the ax in the retail space that means he's the animal who everyone on the street knows and respects and has an edge on everybody Gary's brilliant he's been my friend for years gave me Blockbuster from start to finish that stock was a great stock from 1985 when the video retail chain was part of some company called cook data services to 19 94 hey how'd I do with balter's pick he gave me a 2,95 per gate 2,95 per gate Gary balter's work when he was a young analy at Goldman Sachs was unbeli 2,95 per.
when Balter talks I listen you can't bet against this guy so when Boulder Gets behind Best Buy where he recently in a great piece of research mocked the Bears quote who seemed to feed off the stock as if it were their lifeblood then I think the stock must be bought I like it consumption he's taking the shorts head on that level of confidence is rarely seen on Wall Street and is never seen from this guy unless he's going to be right in fact bal's done the single best analysis I've about how brick and mortar retailers are striking back against their online competitors in conjunction with Samsung Sony and Panasonic it's all over the map as in map minimum advertised pricing what's map I got to teach you all the stuff it's where the suppliers and gadgets don't allow online retailers to reveal the discounted price of the merchandise until you get to the checkout hey this is brilliant great for Best Buy because they can advertise their discounted prices in the aisle but online retailers can't in your shopping cart remember you go to shopping cart and then you go to the checkout online this is how bricks and mortar stores like Best Buy can thrive in a world where Amazon's kicking butt and taking names MP can you believe this guy came up with that analysis he's got hense Best Buy less than a point off it's 52 we High I still don't think it's expensive 13.6 time 2,000 and 11 earnings but with a 12.4% long-term growth rate that's cheap it's cheaper than anything cheaper than Staples cheaper than Target cheaper than coals we get the fat pants cheaper than JC Penny the market still doesn't believe the consumer is opening her wallet for this stuff not true the consumer wants gadgets best byass of devices that are in demand this holiday season and probably beyond what did the staff pick up no that's a sharper engine image xatu massage pillow anyway H it's taken share and I think it will deliver a better than expected quarter write this down again the 15th of course this is ultimately just a simple story about how excited people get when same store sales numbers turn positive after a prolong period of downturn and it looks like Best Buy numbers will be Jazz up the investment Community the Bears will scream and ultimately cover their positions as they get scared of the Thundering Herd of buyers let me ask you a question does bare meat taste good in the woods yeah but it's totally Savory sa Savory in your portfolio delish Chinese paint the bottom line it's a Gadget Christmas and best Buy has got the goods if I were you I would buy this one ahead of the quarter as I think it will be the quarter that restores Best Buy to its former pre-recession glory Todd in Washington Todd
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