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Best Buy Co., Inc. Message Board

  • thethirdchimp thethirdchimp Nov 14, 2012 1:57 PM Flag

    Schulze Trying to Time the Market

    all things being equal... the sooner the better. if he's banking on poor holiday season sales, he might be very disappointed, as holiday shopping is returning to pre-recession levels. consumer confidence is at highest levels in five years. as far as electronics, this holiday there is a huge uptick in new gadgets, numerous new tablets, smartphones, W8 upgrade, new Wii console, mirrorless cameras, huge TVs relative to last holiday. Interest rates on loans and junk bond market are extremely favorable right now. The BBY stock price is at historic lows and it just might be a bottom. Joly is promising nice improvement in operating revenues just on low hanging fruit/easy fixes and the market approves of his new management crew w/ all the key execs already picked. also , when the fiscal cliff gets remedied one way or another, there could be a market rally.... waiting only cost Schulze time, money to maintain lawyers and research staff and a higher share price ... waiting is risky and now is the time... Schulze whined to the board in two letters about his sense of urgency and determination to complete a deal ASAP and he rejected the board proposal to wait until next year. now he wants to wait?... this waiting is a crock and makes no sense unless he's gone chicken

    Sentiment: Hold

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BBY
32.19+0.85(+2.71%)Oct 20 4:07 PMEDT

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