Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Tuesday, September 15, 2009
Best Buy Needs Better Segment Reports
Best Buy (BBY) posted decent Q2 results. The stock sold off as did most of its comparables. Best Buy is reporting by region and product category. Given that Best Buy is such a global giant and retail spending is driven by many local issues such as employment and payroll we could use some more segmented reporting. Macro statements such as Europe is up or down do not really provide sufficient insight into a sophisticated operation such as Best Buy.