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Best Buy Co., Inc. Message Board

  • dudley5538 dudley5538 Aug 24, 2012 5:04 PM Flag

    Can't anyone read the Reuters articles. Schulze declined to pursue the buy out any further

    There will be no buy out. Schulze will do one of two things: He will start selling blocks over a period of months to cut his losses and use it as a write off. He probably needs the write for his other profit to keep his tax liability low. This will cause the price to drop slowly over time, which its going to do anyhow. The 8K submitted shows big predicted losses into 2013 and Best Buy suspended their outlook, which is huge bad news. I think the offer to buy was testing the waters and when Best Buy came back wanting it, he withdraw the offer. Now that he knows Best Buy is open sell, what Schulze might do is come back with a ridiculously low offer just to take the mess off the hands of Best Buy.

    If your not shorting this stock to make money, missing out on big opportunity.

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