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Best Buy Co., Inc. Message Board

  • citioec citioec Nov 30, 2012 10:36 AM Flag

    Schulze Will Not Get Deal Done! He's Already Working 2nd Extension and 2nd Selling shares!!! HEHEH Selll! Below BookValue Soon!


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    • Maybe he can't, but long term I think BBY with or without a buyout will regain it's footing. I don't think the issues of getting the buyout done is so much a lack of investors, but of how much control they are willing to let Schulze have. I wouldn't be shocked if they want to close a lot of stores quickly and push quickly into a high percent of on line sales. Being a private company they can do this a lot quieter than a puplic company ever could, but I think Schulze would baulk at such a sudden drastic change. Yet it would cut costs a lot and make the remaining stores more profitable since so many stores now are close enought to one another they compete against one another for the same customer lowering overall store utilization, which takes a toll on the bottom line.

      Sentiment: Hold

    • Who cares if the deal gets done or not. At this point, I don't think it matters.

      Sentiment: Strong Buy

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