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Best Buy Co., Inc. Message Board

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  • cameron12x cameron12x Aug 20, 2012 9:27 AM Flag

    Why did Schulze give up on BBY buyout?

    It's clearly a "game" that's being played out.

    The next data point will be the earnings, which will be made public tomorrow morning.

    Once they are known, Schulze can then make his next move. The bottom line is that he "won't be going away" anytime soon.

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    • The move to get name a new CEO a day before earning are released and the fact the new CEO is supposedly a turn-around expert makes me believe that omorrow's earnings are going to be very bad. This should create a great buying opportunity when BBY sells-off further. Longer-term, I agree that Schulze isn't going away and will eventually acquire BBY for around $26/share.

      What do you see as a good entry point, i.e., ho low will BBY go after disappointing earnings and the new CEO says give me some time to study the existing turn-around strategy...and smoe more time to implement my own?

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