Best Buy’s 3Q results came out Tuesday morning. I was pleasantly surprised to see their results were higher ($0.35/share) than Wall Street’s estimation ($0.24/share). I had the opportunity to discuss Best Buy and their earnings on Tuesday morning’s Money for Breakfast. We all thought the numbers were good. However, I found in later reports, many of the stories had a negative spin. Interesting how these things are perceived. If we keep telling consumers things are bad, things will be bad. As Bing Crosby sang, “accentuate the positive.” I’m sticking with my original opinion that Best Buy’s numbers were good! Let’s see if that sparks some positive feelings in the market!

If Nintendo had been able to satisfy the demand for the Wii this holiday, Best Buy’s numbers would be even better, as would their margin on that item! I completely agree that we need to keep accentuating the positive whenever possible!