Hedgeye CEO Keith McCullough is adding Best Buy (BBY) to the short side of Investing Ideas. Below is a brief note.
With our Long Squeeze Retail (XRT) position signaling immediate-term TRADE #overbought today, I'm looking for Brian McGough Short Ideas ... because his Long Book is ripping!
One of Brian's great SELL ideas has been Best Buy (BBY). Here's an update from his recent Retail Pro publication on the name:
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BBY | As Good As It Gets. Facing a severe rev slowdown, GM% pressure and higher SG&A. The TREND and TAIL consensus numbers are way too bullish. Press the short. |
That's clear McGough. Crystal,
KM
