There is not much doubt thatBest Buy (BBY) will go out of business eventually unless it changes the way it does business. Finally there is a big leap at Best Buy to arrest the company’s downward spiral. Best Buy founder and former chairman Richard Schulze has resigned. Schulze owns 20.1% of the company.
“Best Buy has simply become a show room for Amazon,” I wrote about two years ago. At that time, Best Buy stock was trading at $45. As of this writing, the stock is just above $24. After Best Buy (BBY) reported earnings on Thursday, there has been a barrage of negative
The iPad has been a big success for Apple (AAPL). Apple bulls dream of iPad gaining and maintaining a market share similar to iPod. As a matter of fact, this is one of the propositions underlying some of the very high targets by analysts on Apple stock. Until now, there
Yes, I admit I use Google (GOOG) products. Much has recently been written about the new privacy policy from Google. The discussion in media did not bother me as I thought I would easily deal with privacy issues. Then I, too, received my Dear Google User email. The email starts
Best Buy has done an excellent job at becoming a showroom for Amazon.com. Now Best Buy is working hard at charging more than the competition, making poor service poorer and not stocking what customers want. As a shopper, I gave up on Best Buy a long time ago in
Best Buy( BBY) has reported bad earnings. Consider taking profits on Best Buy Put right here around $2.40 and exiting the trade. Lets not be greedy, this is 400% return in one day.
Best Buy (BBY) reports earnings on Dec 13 before the market open. Bad earnings report has the potential to push the stock down to $21-24. BBY has become a showroom for Amazon (AMZN). Customers check out the merchandise at BBY and then buy them at AMZN. It is no secret
A careful analysis of the earnings report of Best Buy (BBY) shows that the business Best Buy may be losing to online competitors is less than some reports by analysts. An encouraging statistic in the Best Buy report is that 40% of leases expire in the next 5 years.
Best Buy (BBY) reported earnings this morning. Both earnings and projections for Best Buy were only slightly below consensus. Best Buy’s stock has taken a major hit primarily because of negative commentary by the analysts. ‘Best Buy has become a show room for Amazon (AMZN),’ has become