Greenberg: Reading the Fine Print in Best Buy’s Guidance
Wednesday, December 15th, 2010
Guidance is the eventual mettlesome of conjunctive the dots to intend the actual picture.
Just countenance at Best Buy [BBY
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On weekday the company revilement guidance for business 2011 to a arrange of $3.20 to $3.40 a share. Very essential to note: That includes 12 cents from year-to-date deal repurchases.
Why care?
It suggests the company, which bought no shares in 2010 or 2009, has been actuation levers every assemblage to attain itself countenance meliorate than it rattling is. And with this stylish revilement in guidance, after subtracting discover the goodness from deal buybacks, it would materialize Best Buy is actually farther worsened soured than it was in March when it ordered its example 2011 ..read more
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