Gary Balter
Gary Balter
attractive based believe buyer cash excellent flow industry job large management margins questions rating steps team turning view whether
Our outperform rating was based on our view that the management team was doing an excellent job of turning around the margins at this large industry player. The market's valuation at around 6 times cash flow we believe made this an attractive acquisition target. The questions now will be whether another buyer steps in.
benign best cycle environment finally looks product stay
These are the best of times for Best Buy. The product cycle is finally here, the competitive environment ... is benign and looks to stay that way for the foreseeable future.
billion cash combined estate generating higher million provide support year
Kmart is generating well over $500 million a year in cash flow. They have over $2 billion in cash. That, combined with their real estate value, should provide higher support for the stock.
apparel appliances consumer given light links nap nice section store weak
The two weak links in the store are apparel and consumer electronics. One could have had a nice nap in the consumer electronics section given the light traffic. Conversely, appliances were buzzing.
cash continued growth higher lack point prices store
Their lack of investments in systems, continued new store growth by Wal-Mart and higher prices point to short-term cash maximization, not long-term growth,
attractive liked stock trading
With the stock trading at these attractive levels, we would have liked to see more significant repurchases.