telsey downgrades this expecting consumer weakness to hurt the company in the near term mike santoli joins us to break down the call. best buy, we know this has been an area where consumers have not spent since they've emerged from the pandemic, right, on their homes and appliances. >> we bought a bunch during that time, mike, although we're also going to get earnings from the likes of dell and hp and we'll see how much the channel clears on this hardware. >> when it comes to best buy, obviously not an area of consumer goods, it has a lot of pricing power. in inflationary time, they are not the play, the pull forward and all of that. a lot of analysts talking about heavily promotional activity recently from best buy you can track all the bargains i get that's a headwind. on the other hand, it's 12 times earning, the price to sales is at the 20-year average, it's a good operator, it's kind of the one survivor in the whole space. i understand saying, keep your expectations in check. they're probably not going to guide in an enthusiastic way, but i'm not sure how much of that is a huge