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The Company is a retailer of video products, brand name appliances, audio products and accessories and currently operates stores in Ohio, Indiana, Georgia, Tennessee, Kentucky, North Carolina, South Carolina and Alabama.
Online.. Online.. Online.. 24-48 delievery options and probably at 2/3 the price of Best Buy, HGG, Radio shack and others. There may be a possible short term play on this but i wouldnt pick any company over amazon. Even if the company bounces back, it wont last... Gamestop needs to also beware, the majority of us would rather preorder games online than wait in a line for 8hrs for the new COD... Food for thought.. if you disagree plz make ur case..
I understand completely what you're saying and would normally agree, but there's so many that just can't wait a day for something to be shipped to them, especially a new game. Also, they are down almost 36% since the beginning of this year, the economy is slowly improving but is going to really get moving soon, so this is a great buy now.
for the short term u are right.. but they need to put out a descent divident to get me to buy
also amzn is up about 15% since i posted this with a 225 target price and HGG wont beat the S&P 500
On line On line or China China, it's the same thing. People complain about jobs in this country, but they continue to buy crap on line or crap from China. There is a solution to the HGG problem. Quit being a showroom for companies that will sale their product on line for 2/3 the price. These guys on line are just like Managed care in the health industry. All they do is take a piece of the pie and do nothing, but set up a web site. (and eat pie on their boat in the Bahamas) Consumers will get what they pay for. They will be crying to HGG and BBY, when the product breaks, even though they bought on line. No loyalty in this country for good customer service. I sale high end fitness equipment and I am dropping every vendor that sales their product for a discount on line. Plus I have a low price guarantee. So, back on track. The other thing hhg will have to do is beat any net price and have the product in stock. Good efficient salesman on the floor, and do not let anyone walk. There will be an X Y intersection soon. X, being I want it now and Y, being how much is the economy effecting my spending habits. Where these two meet I do not know, but I would beat it is getting close at 11.80 to 12.00. If your a bear thinker they are doomed. If your a bull, they are a great opportunity. My heart wants to be a bull, but my gut says we have fallen off the precipice. Yes, a div. would help. If BBY can turn the corner so can HGG. If you noticed the drop today did not move HGG down like it normally would have. I think they are close to a support. You think!
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