BBY, DXNS LN, JBH AU

Consumer, TMT


Highlights

The presenter's macro thesis applies to Best Buy (BBY) in the US, and the likes of Dixons (DXNS) and JB Hi-Fi (JBH) in the UK/ Europe and Australia, respectively. While investors and the Street are focused on fundamental issues (at BBY in particular), he sees a bigger secular trend in consumer electronics that overshadows competition from the Internet and warranty-related troubles. The products sold at these retailers have changed over the past ten years. Consumers used to buy digital camcorders, cameras, alarm clocks, etc. Today, everything is being condensed into three screen sizes: small, medium and large (e.g., smartphones, tablets and televisions) and all of the innovations are software-based and/ or occurring in the cloud.

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Idea Discussion

Commentor 1 - 2 weeks ago

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