We hope they don't spend a lot of shareholders' money building a fancy building.
More Quotes from Colin McGranahan:
Overall, (Best Buy) reported solid fourth-quarter results, although the bottom line was not as strong as the 'whisper' numbers.Colin McGranahan
Even Home Depot's generally positive meeting yesterday was somewhat marred by the release of poor December housing starts.
Colin McGranahan
He's clearly having real discussions with Pier 1's management and its board to buy a part of the business. Is this part of a courting strategy on his part that will be the start of something bigger That remains to be seen, but I doubt this is all he wanted. It doesn't make sense to invest 100 million in a stake to buy a 15 million business.
Colin McGranahan
Best Buy is one of the strongest retailers in the U.S. today. It is dominating in its core big-box consumer electronics format and has three-to-four more years of continued store expansion, which will add over 2 billion to revenues annually.
Colin McGranahan
You've got ying and yang going on here. You've got a decent company-specific story and confidence with the strategy, but you also have an incremental worsening situation on the housing front and no visibility into any good news.
Colin McGranahan
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