7 ordspråk av Scot Ciccarelli

Scot Ciccarelli

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I'm positive on the industry, negative on consumer spending. But I'm a big believer in this product upgrade cycle we're in, ... Traffic levels remain positive for the rest of this season, and the promotional environment is not as bad as we think.

You've seen huge growth in units, but very substantial price compression, dollar growth more limited,

It was a solid quarter. They are making material progress on their turnaround.

It's a matter of chocolate or vanilla, and I would prefer the Best Buy flavor at this point,

Everyone recognizes direct and build-to-order is a more profitable business method as opposed to stocking your shelves and hoping the product moves off of them, but I don't believe that retail is going away either.

Consumer electronics was one of the strongest performing categories in the retail segment. Lower price points led to higher volume on bigger ticket items.

Best Buy remains our favorite stock and we would be aggressive buyers at current levels. Even our newly raised estimates could prove to be very conservative as the company rides the digital TV wave, gets an incremental boost from the new video game cycle and starts to improve its operating expense infrastructure.

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