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hhgregg, Inc. Message Board

  • smb_gt smb_gt Aug 15, 2012 4:13 PM Flag

    Better Buy for Schulze?

    Instead of Schultze strungling with BestBuy board to takeover BBY for "$24 to $26" per share ($8.5B), Schultze should one-up them by buying out HGG for $25 per share (only $1B).

    Shultze wouldn't even need to get financing for this deal. He owns 20% of BBY and could sell, which at $19 per share, is worth $1.3B.

    Shultze could satify his ego and utilize his proven expertise to grow HHGregg similar to how he originally built BestBuy.

    Whether Shultze, Private Equity, HomeDepot or other, a buyout of HHGregg for $1B (or more) is very reasonable...which would be a quadruple from the current stock price of under $7 per share.

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