Fuck'n Stock Recommendations
Would you put your hard earned capital into something we recommend? Prolly not...but Here is our latest stockpicks anyway. ~Toasty Analyzers
Best Buy Co. (NYSE- BBY) is one issue i have been holding since early December. If you were lucky enough to jump on BBY in the lower 40s a few weeks back, then you're in for some nice gains. On March 2, 2000 Best Buy Co. said fiscal fourth quarter same-store sales rose 11 percent, beating forecasts, as shoppers bought more digital products at now the largest U.S. consumer-electronics retailer. Sales for fiscal fourth quarter were a record $4.313 billion, a 25% increase compared to $3.456 billion in the fourth quarter of last year. The full fiscal year, sales were a record $12.492 billion, a 24% increase, compared to $10.065 billion last year. For full story on latest earnings, see below.
On Feburary 1, 2000 Best Buy Co. announced that its Board of Directors has authorized the repurchase of an additional $400 million of the company's common stock. The company will repurchase these shares from time to time depending on current market conditions. Over the past year, Best Buy Co. has repurchased 5.6 million shares worth about $300 million. Best Buy Co. currently has about 200 million shares outstanding. For full story on authorization for stock repurchase, see below.
In mid December 1999 Microsoft(NASDAQ-MSFT) disclosed that they will invest $200 million in Best Buy Co. and has agreed on a marketing alliance with the consumer-electronics retailer. Microsoft and Best Buy plan to jointly offer each other's offerings in retail stores through printed and broadcast media, and plan to share the profits. Microsoft will also promote bestbuy.com to its users in exchange for Best Buy to demonstrate and promote Microsoft's MSN Internet access in more than 350 Best Buy retail outlets nationwide. For full story on Microsoft's investment, see below.
We at Toasters Forever give Best Buy Co (NYSE-BBY) a 4 toaster Buy rating and believe its share price will continue upward with a target of $75
Best Buy Co (NYSE-BBY) Price as of 3-6-00: 63 1/2
Sources and Full Story Coverage:
Updated Quotes
Intuit Inc. - (NASDAQ - INTU) is a damn fine piece of stock ass. I've been holding a position in this company since last year and saw some nice gains. Folks, these gains are not over. Recently you will see they got the smack down with their earnings and some assholes ran to the hills. Well those people are gone and don't know what they are missing.
Intuit is in a unique position to capitalize on your money in the web domain in the coming years. Online financials will go through a surge as did the lame E-tailers, but online finance will prove stronger. Intuit has registered plenty of domains, like quicken.com, related to financial shit and intends to come out with a vengeance to capitalize on your money. Again, I've seen some companies blow their earnings like the NEGATIVE toasters stock Interdigital Communications (NASDAQ- IDC). The fallout was swift with their only analyst, a smart chipper, withdrawing coverage. Intuit's story was different, smart blokes like this fine astute gentleman actually upgraded the fucking thing, way to go Warburg Dillon Read you hire some kind folk.
Now you say 'Toaster dude, why are you giving this stock the blessing when it had nearly tripled since its split?'. I answer that with 'I know my shit' and this company is right on the ball going forward. You can hear it from the analyst at Warburg - "We believe business is stronger than ever and view the 35 percent depreciation [in market value] since it reported [earnings] on Feb. 24 as unjustified." You're telling me, that's about as justified as OJ Simpson getting the walk.
I believe many aspects of this company's business are in the R&D phase and this is powerful shit that will not fail. They are eating up the dough now, but when they start releasing this stuff, watch out. Who wants to miss this frigan boat? If Warren Buffet was me, he would have a large stake in this company, but unfortunately Warren isn't allowed to be me. If Warren were me, however, he would say "Buy this shit and buy it now."
Please note, the outlook on this stock is as a long term capital gains hold unless some fucked up shit happens, but I am not expecting that. Basically, you hold this over a year and you are too a good damned investor. I am looking for sequences of doubles per year on this stock.
Heard on the message boards:
From some dude who apparently knows his shit and probably read Peter Lynch books:
"Turbo Tax convinced me to buy this stock. If their other ventures (automatic bill payment[Fucking AMEN!]) Quickbooks, Internet ventures are half as good as Turbo Tax, this company has a bright future. I used Turbo Tax for the first time this year and I was amazed." - BigQuackAttack
Here is a dude who needs to remove his head from his ass (this was posted on intuit's first close below 50):
"WHAT A POS!!!! Close below $50?? HAHAHAHAHAHAHAHHAHA!!!!!" - Smell_My_Farts
[Personally I think you need to all email this sorry assed motherfucker and tell him how ignorant his posts are and how he will not spread his genes well if Darwinism holds true. I mean how much DD did he do to come up with such a statement of compounding importance and benefit?]
We at Toasters Forever give Intuit Inc. (NASDAQ-INTU) a 4 toaster Buy rating and believe its share price will continue upward with exponential gains in a three to five year timeframe as long as fundamentals remain intact.
Intuit Inc.(NASDAQ-INTU)
Price as of 3-6-00: 54 7/8
Toasters Forever Stock Rating System:
Here at Toasters Forever we rate our picks with what else? TOASTERS OF COURSE!!! So here is our system we use to rate our picks.
5 toasters = Strong Buy
4 toasters = Buy
3 toasters = Hold
2 toasters = Sell
1 toaster = Toast!!! avoid at all costs
Questions or Comments? Please E-Mail toasters_forever@yahoo.com