Nintendo & Best Buy

Friday, January 17, 2014 Francisco Carneiro 0 Comments

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Nintendo & Best Buy just missed earnings big time. To me it's no surprise because i Blogged about Best Buy in December. No way they are going to match Amazon. 

 http://thoughtmeme.blogspot.pt/2013/12/how-to-beat-amazon.html
Best Buy slumped 31% in opening trading after the company reported an unexpected 0.9% decline in U.S. comparable sales. The company said its price matching and other promotions to stay competitive also came with a higher-than-expected cost. Its fourth-quarter adjusted operating income rate as a percentage of sales will be as much as 1.85 percentage points lower than last year. Best Buy, which promoted mobile phones aggressively, said the market also turned out disappointing.

 http://blogs.marketwatch.com/behindthestorefront/2014/01/16/best-buy-stock-dives-after-what-ceo-calls-a-speed-bump/
About Nintendo i just can say my kids play on the I-pod & PlayStation. As Peter Lynch used to do just look at home & the people you know. I think Nintendo is also a short.

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