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Best Buy Closures Show China Ain't For Everyone
Friday, March 4, 2011 - 12:52pm | 533By Kristin Graham China isn't for everyone. That's the answer I offer to the numerous individuals who question my decision to live here. It's also the answer the Chinese gave to Best Buy (BBY). The retailer announced it's closing down its 9 Best Buy branded locations across China. I am far from...
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Benzinga's After Hours Gainers (SPRD, ALTH, RSH, LXU)
Thursday, March 3, 2011 - 8:55pm | 178Among the stocks that rose in after hours trading on Thursday were Spreadtrum Communications (NASDAQ: SPRD), Allos Therapeutics (NASDAQ: ALTH), RadioShack (NYSE: RSH) and LSB Industries (NYSE: LXU). Spreadtrum Communications (SPRD) announced better than expected earnings, sending the stock up more...
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Hedge Fund Trade Of The Week (RSH)
Thursday, March 3, 2011 - 6:43pm | 174Anthony Scaramucci of SkyBridge Capital is on CNBC's Fast Money with his hedge fund trade of the week. The trade is RadioShack (NYSE: RSH) for a variety of reasons. The stock is trading at $14.67, and Scaramucci believes it could be worth as much as $25 in a takeout scenario. Radioshack has been...
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Conn's, Inc. CEO Timothy L. Frank to Step Down
Monday, February 28, 2011 - 10:07am | 82Conn's, Inc. (NASDAQ: CONN) announced that Timothy L. Frank has elected to step down as President and Chief Executive Officer of the Company and has resigned his position as a director of the Company to pursue other opportunities. The Company's Board of Directors has appointed Theodore M. Wright...
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RadioShack Needing Strategic Focus That Adds Complexity
Wednesday, February 23, 2011 - 11:13am | 120According to J.P. Morgan, RadioShack (NYSE: RSH) are in need of expansion of strategic focus that adds complexity. J.P. Morgan reported that, in the post Julian Day era, the message appears to have taken a shift from simplicity (i.e., wireless growth and cost discipline providing earnings growth)...
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Goldman Sachs Says Buy Radioshack (RSH)
Wednesday, February 23, 2011 - 8:34am | 135Goldman Sachs has a Buy rating and a $18 price target on shares of RadioShack Corporation (NYSE: RSH) after it reported earnings yesterday. In a note to investors, Goldman writes, "In the face of low expectations, RSH's commentary after a tough 4Q had more redeeming qualities than we expected: RSH...
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RadioShack Reports EPS of $0.51 vs. $0.53
Tuesday, February 22, 2011 - 5:07pm | 93RadioShack Corporation (NYSE: RSH) today reported results for the fourth quarter and year ended December 31, 2010. Total net sales and operating revenues for the 2010 fourth quarter increased 3.8% to $1.37 billion, compared to $1.32 billion for the 2009 fourth quarter. Net income for the fourth...
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Goldman Sachs Color On BBY Restructuring
Tuesday, February 22, 2011 - 11:31am | 223Best Buy Co., Inc. (NYSE: BBY) announced a series of changes to store opening plans, as well as other minor restructuring moves, that will result in a more streamlined growth strategy, and cost savings amounting to $0.07 per share in 2011 and $0.10-$0.11 per share in 2012, as well as charges in the...
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Best Buy Moving Higher In Weak Tape (BBY)
Tuesday, February 22, 2011 - 11:05am | 71Shares of Best Buy (NYSE: BBY) are one of the winners during Tuesday's trading session. The stock has jumped 1.33% to $33.48 despite a very weak broader market tape. This stock has been beaten down in recent trading sessions, and has lost more than 25% in just the last 3 months. It looks like some...
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Earnings Scheduled For February 22 (M, HPQ, MHS, WMT, BKS, MDT, ODP, NRG, HTZ, RSH, HD, CHK, MHK)
Tuesday, February 22, 2011 - 4:19am | 337Macy's Inc (NYSE: M) is projected to report its Q4 EPS at $1.52 on revenue of $8.27 billion. Hewlett-Packard Company (NYSE: HPQ) is estimated to report its FQ3 EPS at $1.29 on revenue of $32.95 billion. Medco Health (NYSE: MHS) is projected to post its Q4 EPS at $0.94 on revenue of $16.65 billion...
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ISI Has Buy Rating On Best Buy (BBY)
Wednesday, February 16, 2011 - 12:55pm | 140In a note to clients, ISI has a Buy rating and a $33 price target on shares of Best Buy (NYSE: BBY). In the research report, ISI writes, "Wireless & Tablet expansion should account for 60% of CE market growth in 2011. While Best Buy is able to gain share in these categories, our survey and...
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ISI Group Downgrades Best Buy to Sell
Wednesday, February 16, 2011 - 10:50am | 19ISI Group downgrades Best Buy (NYSE: BBY) from Hold to Sell
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Piper Jaffray Comments On GameStop Ahead Of Monthly Sales Numbers
Monday, February 14, 2011 - 9:10am | 170Piper Jaffray expects that GameStop (NYSE: GME) out-performed category trends during January. Piper believes that packaged goods game retailers will reduce category shelf space during 2011 & 2012 as the category continues to shrink at a swift pace. That said, GameStop management continues to be...
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Calls Purchased on GameStop Corp. (GME)
Thursday, February 10, 2011 - 12:36pm | 141Shares of GameStop Corp. (NYSE: GME) are higher on the session by 2.13%, currently trading at $20.12. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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Akamai Gets Hit By A Tsunami
Thursday, February 10, 2011 - 10:41am | 179Akamai Technologies Inc.(NASDAQ: AKAM) is declining sharply this morning after reporting earnings last night. Akamai stock has been one of the leaders in the Nasdaq 100 for several years now. The stock is trading lower by $6.20 to $41.80 a share. This is a 13.0 percent decline for the tech leader....