BBY

We Can’t Rule Out That Best Buy Won’t Eventually Go the Way of Circuit City; VBI Score: 3

by

Big-box electronics retailer Best Buy (BBY), on Thursday, issued fiscal fourth-quarter 2012 results that beat expectations on the bottom line but fell short of consensus forecasts on the top line. The beleaguered retailer also outlined a new transformational strategy that we view to be fraught with implementation and execution risk. We expect to take a closer look at our valuation model on Best Buy, but our fair value estimate range for the firm is unchanged at this time.   Best Buy’s revenue advanced 3% in its fiscal fourth quarter, despite comparable store sales falling 2.4% in the period (compared to a decline of 4.7% for the prior-year quarter). Gross profit advanced at a similar pace, though overhead increases did put … Read more

Best Buy’s Fiscal Third-Quarter Results Disappoint; Excessive Promotions and Weakness in Europe to Blame

by

On Tuesday, Best Buy (BBY) reported poor fiscal third-quarter results that showed modest comparable store sales growth but material operating-income deterioration. Though results of the world’s largest electronics chain came in lower than our expectations during the quarter, Best Buy reaffirmed its adjusted diluted earnings per share guidance range of $3.35 to $3.65 for the year. Nevertheless, we are placing our fair value estimate for Best Buy under review while we re-evaluate the implications of its aggressive pricing actions on long-term profitability. We expect to lower our fair value estimate for the retailer materially. Best Buy’s total revenue increased 1.7% during the period thanks to modest domestic same store sales expansion led by its online channel, offset by international performance … Read more

There Is Milk At The Store

by

This article first appeared in the September edition of the High Yield Dividend Newsletter. For more information about this publication, please see here. “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” — Winston Churchill By Brian Nelson, CFA Very few of us could have imagined that we’d witness the bull market that began on that fateful day in March 2009 that might very well mark a generational low. In 2009, major investment banks around the globe were struggling to survive, and the fallout in the mortgage markets left the banks holding paper that nobody wanted to own, let alone buy. The global financial system … Read more

Dividend Increases/Decreases for the Week of March 1

by

Below we provide a list of firms that raised their dividends during the week ending March 1. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          ADT (ADT): now $0.055 per share quarterly dividend, was $0.035. Allison Transmission Holdings (ALSN): now $0.25 per share quarterly dividend, was $0.23. Ampol Limited (CTXAY): now $1.574 per share semi-annual dividend, was $1.169. Anheuser-Busch InBev (BUD): now EUR 0.82 per share annual dividend, was EUR 0.50. ASMPT (ASMVF): now HK$ 0.26 per share final dividend. ASX Limited (ASXFY): now $0.607 per share semi-annual dividend, … Read more

Dividend Increases/Decreases for the Week Ending March 1

by

Below we provide a list of firms that raised their dividends during the week ending March 1. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Albemarie (ALB): now $0.3675 per share quarterly dividend, was $0.335. AMERISAFE (AMSF): now $0.25 per share quarterly dividend, was $0.22. Assured Guaranty (AGO): now $0.18 per share quarterly dividend, was $0.16. Atlantica Yield (AY): now $0.37 per share quarterly dividend, was $0.36. AXA Equitable Holdings (EQH): now $0.15 per share quarterly dividend, was $0.13. Bank of Nova Scotia (BNS): now CAD 0.87 per share quarterly dividend, … Read more

ICYMI — Video: Will Hasty Policy Facilitate the Next Leg Down, or Do We Have It Coming Anyway?

by

President of Investment Research and award-winning author of Value Trap: Theory of Universal Valuation Brian Nelson explains how US policymakers are stuck between a rock and a hard place, and how the market may be factoring in too high of a probability of a return to normalcy before 2021. This and more in the latest video report. Summary Make sure you review Value Trap on Amazon. Do so here. We think those that bought equities near the bottom of this swoon may be looking to take profits at present levels. The market is currently reflecting an 80%-85% probability of a return to normalcy before 2021, which we believe is too high at this time. Our main concern is that government … Read more

Dividend Increases/Decreases for the Week March 4

by

Below we provide a list of firms that raised their dividends during the week ending March 4. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week      Acushnet (GOLF): now $0.18 per share quarterly dividend, was $0.17. American Financial (AFG): now $2.00 per share special dividend, was $0.56. Barclays (BCS): now GPB 0.04 per share dividend, was GPB 0.02. Best Buy (BBY): now $0.88 per share quarterly dividend, was $0.70. Black Diamond Group (BDIMF): now CAD 0.015 per share quarterly dividend, was CAD 0.013. Blackhawk Bancorp (BHWB): now $0.12 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week Ending March 3

by

Below we provide a list of firms that raised/lowered their dividends during the week ending March 3. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Arbor Realty Trust (ABR): now $0.17 per share quarterly dividend, was $0.16. Avnet, Inc. (AVT): now $0.18 per share quarterly dividend, was $0.17. Bank of Nova Scotia (BNS): now CAD 0.76 per share quarterly dividend, was CAD 0.74. Best Buy (BBY): now $0.34 per share quarterly dividend, was $0.28. Big Lots (BIG): now $0.25 per share quarterly dividend, was $0.21.               Canadian Natural Resources (CNQ): now CAD … Read more

Earnings Roundup for the Week Ended Sunday, April 19, Covering Companies Across the Board

by

By Callum Turcan Let’s take a look at several earnings reports across numerous industries in this article as the ongoing coronavirus (‘COVID-19’) pandemic forces the global economy to a crawl. Please note that as these reports primarily cover the first quarter of calendar year 2020, the impact of the pandemic has yet to be truly reflected in corporate earnings. That said, these reports still provide an important glimpse into what to expect going forward and how companies are responding to the pandemic. By ticker in alphabetical order: BBBY, CPSS, ISRG, LAKE, MRTN, OFLX, SCHW, TSM Bed Bath & Beyond Inc (BBBY) Shares of BBBY shot up on April 16 after reporting fourth quarter and full-year results for its fiscal 2019 … Read more