Everything BBY has been talking about in conference call today points to a RSH takeover. It is right inline with their new initiatives and will accomplish a lot of their goals fora small price. I own some RSH and will be loading up today. Smaller is better! I do still see why RIMM or VZ would buy RSH, but BBY is gona be a major point of interest. The fact BBY also proved their is strong earnings in this sector will go a long way! Looking forwarde to the first real upday in this RSH stock in a while.
Actually, a BBY takeover of RSH does make sense if you believe in the new BBY strategic vision ... but, if a takeover does not happen, then RSH's strategic vision will be crushed by this move by BBY ... hard to know
What part of reducing cost don't you get? Talk about a dumb post. Make an offer on Radio Shack?! Best Buy is closing 50 of their own stores! There is no way they would make an offer to buy Radio Shack and all Radios stores.
"In order to reduce costs, the company will also close 50 stores and cut 400 jobs."
It's unlikely that BBy is going to purchase RSH. BBY released information today that they are going to close 50 big box stores and open Mobile stores. These stores are going to be competing directly with RSH and I imagine that was the plan. For whatever it's worth BBY has a better image then RSH and somewhat better Customer service. This will only pressure RSH further.