- We think the story has changed ...
- We believe management has made smart decisions here, and is coping valiantly with tough positioning. Also, we realize that holiday is a bad time to judge the efficacy of emerging initiatives, so we model a much better showing in upcoming quarters.
- We think part of the reason why the promotional environment was so tight was that other players like WMT and AMZN saw the progress that BBY was making in categories TVs and tablets and it motivated them to respond in kind over the holidays.
This is the type of trash we get from Wall Street analysts on a regular basis. And it's dangerous, toxic and, ultimately, even after such a huge win for the stock in 2013, a great way to help people lose money or give away gains they have yet to book (and never took because of your original recklessness).
Allow me to explain my rationale with an indirect, but relevant example, followed by more specific dialogue that, to be fair, applies to dozens of other analysts, not just Lasser.
Very few have the guts to say I got the stock right, but the company wrong or vice versa. I know, off of the top of my head only two -- Richard Tullo at Albert Fried and Michael Pachter at Wedbush.
We think the story has changed ...Bull crap, man. The story didn't change. You got it wrong in the first place.
We believe management has made smart decisions here, and is coping valiantly with tough positioning. Also, we realize that holiday is a bad time to judge the efficacy of emerging initiatives, so we model a much better showing in upcoming quarters.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts