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2021-11-28

Is the Best Buy Crash an Overreaction to the Retail "Crime Wave"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote>

Electronics retailer Best Buy got slammed in the stock market after release of its third-quarter ear

Is the Best Buy Crash an Overreaction to the Retail "Crime Wave"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote>

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":600182017,"tweetId":"600182017","gmtCreate":1638091710198,"gmtModify":1638091710198,"author":{"id":4099319287773840,"idStr":"4099319287773840","authorId":4099319287773840,"authorIdStr":"4099319287773840","name":"eddyglobal1","avatar":"https://static.tigerbbs.com/9778bc2b05bc794c8da0196bd91d4a4d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Ok</body></html>","htmlText":"<html><head></head><body>Ok</body></html>","text":"Ok","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/600182017","repostId":1169926344,"repostType":4,"repost":{"id":"1169926344","kind":"news","pubTimestamp":1638067822,"share":"https://www.laohu8.com/m/news/1169926344?lang=zh_CN&edition=full","pubTime":"2021-11-28 10:50","market":"us","language":"en","title":"Is the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169926344","media":"Motley Fool","summary":"Electronics retailer Best Buy got slammed in the stock market after release of its third-quarter ear","content":"Electronics retailer&nbsp;<a href=\"https://laohu8.com/S/BBY\">Best Buy</a>&nbsp;got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.<blockquote>电子产品零售商<a href=\"https://laohu8.com/S/BBY\">百思买</a>11月23日发布第三季度收益报告后，该报告揭示了一些潜在的令人担忧的趋势，股市遭受重创。在此之前，该公司经历了一轮不错的牛市，其股价今年上涨了约40%。然而，由于有组织犯罪实际上严重到足以降低利润率，并且该公司的指导方针基本不变，该股因此暴跌。</blockquote> Here's why the market may be overreacting, but also why caution is probably wise.<blockquote>这就是为什么市场可能反应过度，也是为什么谨慎可能是明智的。</blockquote> A retail theft wave continues<blockquote>零售盗窃浪潮仍在继续</blockquote> In the first half of September, grocery and pharmacy chain&nbsp;Kroger(NYSE:KR)&nbsp;revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call,&nbsp;McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"<blockquote>9月上半月，杂货和药店连锁克罗格（纽约证券交易所股票代码：KR）透露，大量商品在没有先去收银台的情况下就走出了许多地方的大门。首席执行官罗德尼·麦克马伦(Rodney McMullen)表示，盗窃（称为“缩水”）降低了克罗格的利润率，占毛利率下降60个基点中的15个基点。在克罗格第二季度收益看涨期权上，麦克马伦谈到了经济萎缩“在很大程度上是由有组织犯罪推动的，或者至少看起来是这样”。</blockquote> \"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.<blockquote>本案中的“有组织犯罪”是指联系松散的盗贼团伙或“快闪族”。克罗格的地理组合可能会提高盗窃率，加州几乎占其商店的10%。该州的新政策将950美元以下的盗窃案降为轻罪，这意味着警方通常懒得调查。因此，金州现在拥有美国零售盗窃五大城市中的两个。</blockquote> Now, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"<blockquote>现在，同样的趋势正在侵蚀百思买的利润。首席执行官科里·巴里(Corie Barry)在接受CNBC采访时表示，成群结队的窃贼“瞄准商店，进入并抢走大量商品然后逃跑”。除了降低利润之外，巴里指出，“对于我们的员工来说，这些都是痛苦的经历，而且这种情况越来越多。”</blockquote> Calling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.<blockquote>她称公开盗窃的增加是“商业轨迹的可怕变化”，她说犯罪浪潮正在影响工人的保留，可能会导致受惊的员工在劳动力短缺的情况下辞职。</blockquote> Barry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.<blockquote>巴里还指出加州是盗窃中心，但表示其他地方的主要城市也出现了同样的趋势。第三季度收益报告本身显示，总利润率同比下降60个基点，从24%降至23.4%。促销和其他因素也导致了下滑。</blockquote> Less than stellar year-over-year gains<blockquote>同比涨幅不及出色</blockquote> Best Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.<blockquote>百思买第三季度的主要财务指标比去年的业绩有所改善，但幅度很小。收入同比仅增长0.48%，而国内可比销售额仅增长2%。每股收益(EPS)仅增长1%。与之前的预测相比，该公司的全年指引仅略有增加，而多项指标则持平。</blockquote> However, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.<blockquote>然而，缩小到两年的比较会发现增长轨迹更加乐观。第三季度收入为119亿美元，较两年前增长超过22%，调整后每股收益跃升84%至2.08美元。毫无疑问，去年的结果被COVID-19扭曲了。正如一些公司因封锁而销售额下降一样，随着人们坐在家里购买额外的电子产品来支持他们的工作和休闲活动，百思买显然获得了收益。但从长远来看，百思买似乎仍在强劲运营。</blockquote> Did the market overreact to Best Buy's report?<blockquote>市场是否对百思买的报告反应过度？</blockquote> Best Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.<blockquote>百思买的股价在发布第三季度财报当天暴跌近16%，但到收盘时反弹至12%的跌幅。负面情绪持续到第二天，引发了一个问题：华尔街的悲观情绪是否正确，或者投资者情绪是否对结果反应过度。</blockquote> Neither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.<blockquote>百思买略显疲弱的业绩和入店行窃问题本身似乎都不足以解释如此大幅的暴跌。似乎有可能的是，这两个因素共同震惊了投资者，引发了抛售，然后又反过来加剧了抛售。尽管在政府应对不力的情况下，盗窃行为可能会继续甚至增加，但仍仅使利润率下降了几个基点。</blockquote> Revenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.<blockquote>过去两年，收入呈现合理增长，盈利强劲增长。目前，百思买看起来仍然是一只值得考虑的积极零售股，尽管并不出色。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Best Buy Crash an Overreaction to the Retail \"Crime Wave\"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-11-28 10:50\n\n</h4>\n</header>\n<article>\nElectronics retailer&nbsp;<a href=\"https://laohu8.com/S/BBY\">Best Buy</a>&nbsp;got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.<blockquote>电子产品零售商<a href=\"https://laohu8.com/S/BBY\">百思买</a>11月23日发布第三季度收益报告后，该报告揭示了一些潜在的令人担忧的趋势，股市遭受重创。在此之前，该公司经历了一轮不错的牛市，其股价今年上涨了约40%。然而，由于有组织犯罪实际上严重到足以降低利润率，并且该公司的指导方针基本不变，该股因此暴跌。</blockquote> Here's why the market may be overreacting, but also why caution is probably wise.<blockquote>这就是为什么市场可能反应过度，也是为什么谨慎可能是明智的。</blockquote> A retail theft wave continues<blockquote>零售盗窃浪潮仍在继续</blockquote> In the first half of September, grocery and pharmacy chain&nbsp;Kroger(NYSE:KR)&nbsp;revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call,&nbsp;McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"<blockquote>9月上半月，杂货和药店连锁克罗格（纽约证券交易所股票代码：KR）透露，大量商品在没有先去收银台的情况下就走出了许多地方的大门。首席执行官罗德尼·麦克马伦(Rodney McMullen)表示，盗窃（称为“缩水”）降低了克罗格的利润率，占毛利率下降60个基点中的15个基点。在克罗格第二季度收益看涨期权上，麦克马伦谈到了经济萎缩“在很大程度上是由有组织犯罪推动的，或者至少看起来是这样”。</blockquote> \"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.<blockquote>本案中的“有组织犯罪”是指联系松散的盗贼团伙或“快闪族”。克罗格的地理组合可能会提高盗窃率，加州几乎占其商店的10%。该州的新政策将950美元以下的盗窃案降为轻罪，这意味着警方通常懒得调查。因此，金州现在拥有美国零售盗窃五大城市中的两个。</blockquote> Now, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"<blockquote>现在，同样的趋势正在侵蚀百思买的利润。首席执行官科里·巴里(Corie Barry)在接受CNBC采访时表示，成群结队的窃贼“瞄准商店，进入并抢走大量商品然后逃跑”。除了降低利润之外，巴里指出，“对于我们的员工来说，这些都是痛苦的经历，而且这种情况越来越多。”</blockquote> Calling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.<blockquote>她称公开盗窃的增加是“商业轨迹的可怕变化”，她说犯罪浪潮正在影响工人的保留，可能会导致受惊的员工在劳动力短缺的情况下辞职。</blockquote> Barry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.<blockquote>巴里还指出加州是盗窃中心，但表示其他地方的主要城市也出现了同样的趋势。第三季度收益报告本身显示，总利润率同比下降60个基点，从24%降至23.4%。促销和其他因素也导致了下滑。</blockquote> Less than stellar year-over-year gains<blockquote>同比涨幅不及出色</blockquote> Best Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.<blockquote>百思买第三季度的主要财务指标比去年的业绩有所改善，但幅度很小。收入同比仅增长0.48%，而国内可比销售额仅增长2%。每股收益(EPS)仅增长1%。与之前的预测相比，该公司的全年指引仅略有增加，而多项指标则持平。</blockquote> However, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.<blockquote>然而，缩小到两年的比较会发现增长轨迹更加乐观。第三季度收入为119亿美元，较两年前增长超过22%，调整后每股收益跃升84%至2.08美元。毫无疑问，去年的结果被COVID-19扭曲了。正如一些公司因封锁而销售额下降一样，随着人们坐在家里购买额外的电子产品来支持他们的工作和休闲活动，百思买显然获得了收益。但从长远来看，百思买似乎仍在强劲运营。</blockquote> Did the market overreact to Best Buy's report?<blockquote>市场是否对百思买的报告反应过度？</blockquote> Best Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.<blockquote>百思买的股价在发布第三季度财报当天暴跌近16%，但到收盘时反弹至12%的跌幅。负面情绪持续到第二天，引发了一个问题：华尔街的悲观情绪是否正确，或者投资者情绪是否对结果反应过度。</blockquote> Neither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.<blockquote>百思买略显疲弱的业绩和入店行窃问题本身似乎都不足以解释如此大幅的暴跌。似乎有可能的是，这两个因素共同震惊了投资者，引发了抛售，然后又反过来加剧了抛售。尽管在政府应对不力的情况下，盗窃行为可能会继续甚至增加，但仍仅使利润率下降了几个基点。</blockquote> Revenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.<blockquote>过去两年，收入呈现合理增长，盈利强劲增长。目前，百思买看起来仍然是一只值得考虑的积极零售股，尽管并不出色。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/11/27/is-the-best-buy-crash-an-overreaction-to-the-retai/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBY":"百思买"},"source_url":"https://www.fool.com/investing/2021/11/27/is-the-best-buy-crash-an-overreaction-to-the-retai/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169926344","content_text":"Electronics retailer Best Buy got slammed in the stock market after release of its third-quarter earnings report on Nov. 23 that revealed some potentially alarming trends. Up until then, the company had enjoyed a nice bull run with its stock climbing some 40% for the year. However, with organized crime actually significant enough to reduce margins and with the company leaving its guidancelargely unchanged, the stock plunged in response.\nHere's why the market may be overreacting, but also why caution is probably wise.\nA retail theft wave continues\nIn the first half of September, grocery and pharmacy chain Kroger(NYSE:KR) revealed that a considerable amount ofmerchandise was walking out the doorof many locations without visiting the checkout lane first. Theft (known as \"shrinkage\") had reduced Kroger's margin, according to CEO Rodney McMullen, accounting for 15 out of a 60-basis-point gross margin drop. DuringKroger's Q2 earnings call, McMullen remarked on how the shrinkage was \"heavily driven by organized crime or at least appears to be.\"\n\"Organized crime\" in this case refers to loosely associated groups or \"flash mobs\" of thieves. Kroger's geographic mix may be boosting the theft rate with California accounting for almost 10% of its stores. That state's new policy, reducing thefts under $950 to a misdemeanor, means police often don't bother investigating. So the Golden State now has two of the five top U.S. cities for retail theft.\nNow, the same trend is gnawing away at Best Buy's margins. In a CNBC interview, CEO Corie Barry said groups of thieves are \"targeting stores, and going in and grabbing large swaths of merchandise and running out.\" In addition to reducing margins, Barry pointed out that \"for our employees, these are traumatic experiences, and they're happening more and more.\"\nCalling the rise of open pilfering \"a horrible change in the trajectory of the business,\" she said the crime wave is affecting worker retention, possibly causing frightened employees to quit while there's already a labor shortage.\nBarry also identified California as a theft epicenter, but said major cities elsewhere are also seeing the same trend. The Q3 earnings report itself indicates a total margin drop of 60 basis points year over year, from 24% to 23.4%, as a result. Promotions and other factors also contributed to the slump.\nLess than stellar year-over-year gains\nBest Buy's Q3 saw its main financial metrics improve over last year's results, but only narrowly. Revenue climbed a meager 0.48% year over year while domestic comparable sales, or comps, rose just 2%. Earnings per share (EPS) gained just 1%. The company's full-year guidance only increased slightly while several metrics remained flat compared to previous forecasts.\nHowever, zooming out to a two-year comparison reveals a more upbeat growth trajectory. Q3's $11.9 billion in revenue jumped more than 22% from two years ago while adjusted EPS vaulted 84% to $2.08. No doubt, last year's results were distorted by COVID-19. Just as some companies saw sales deflate because of lockdowns, so Best Buy clearly gained as people sat at home and bought extra electronics to support their work and leisure activities. But longer-term, Best Buy still appears to be operating robustly.\nDid the market overreact to Best Buy's report?\nBest Buy's share price plunged nearly 16% on the day it released its Q3 earnings -- though it rebounded to a 12% loss by the close of trading. The negativity persisted into the next day, raising the question of whether Wall Street is correct in its pessimism or if investor sentiment is showing an exaggerated reaction to the results.\nNeither Best Buy's slightly weak performance nor its shoplifting problem seem sufficient on their own to explain such a sharp plunge. What appears likely is that the two factors together startled investors into a sell-off, which then fed on itself. The theft, while it may continue or even increase in the face of an ineffective government response, still only moved margins downward a few basis points.\nRevenue shows reasonable growth and earnings increased strongly over the past two years. At this point, Best Buy still looks like a decently, though not outstandingly, positiveretail stockthat could be worthwhile to consider.","news_type":1,"symbols_score_info":{"BBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1650,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Is the Best Buy Crash an Overreaction to the Retail "Crime Wave"?<blockquote>百思买崩盘是对零售“犯罪浪潮”的过度反应吗？</blockquote>

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