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Best Buy Co., Inc. Message Board

  • profit_guy profit_guy Nov 30, 2012 11:39 AM Flag

    Credit market doesn't believe in $BBY LBO


    The $BBY 5.5 '21 bonds have a 101 change of control price. The bonds have traded down 11 points this month from 92 to 81.

    Translation: Credit market doesn't believe in $BBY LBO

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    • Its like saying "news media doesn't believe in LBO". Point is, that doesn't mean anything. Sooner Schulze comes back and says "I don't have money" the better for BBY stock. I would be even willing to bet it goes up (if that happens), due to the Schulze and his friends stops shorting the stock and go long. He does not want to get out on loss.

      Sentiment: Strong Buy

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