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Best Buy Co., Inc. Message Board

  • traderguy2009 traderguy2009 Dec 7, 2012 12:06 PM Flag

    2 Weeks from an actual "formal bid".....is the 30% downside worth 70% upside..

    i think there will be an offer at the $20 range...6 weeks ago this stock was at $15-16....
    but if no offer comes i do see this going to $8 or 9....
    Supposedly 1 of the p/e firms said they would finance the whole deal...i dont beleive
    he's having problems getting the financing ..,with him putting in a billion or so of his own cash in...

    but if that was the case the stock would have a floor to it and not keeping falling 3 out of 5 days..some would be buying...

    going to be an interesting next 2 weeks...been long for 3 months..
    .2 more weeks to see how this ends...or gets continued....
    g/l

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