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Best Buy Co., Inc. Message Board

  • joegi50 joegi50 Dec 14, 2012 7:25 PM Flag

    BBY: Do Not Catch a Falling Knife

    "In August, Schulze made an informal proposal to acquire Best Buy for $24 to $26 per share, or a total of $8.16 billion to $8.84 billion. Including debt, it would be as much as $10.9 billion.Schulze remains Best Buy's largest shareholder with about one-fifth of the company's outstanding shares.
    Best Buy's performance has continued to lag and its stock has slid since."

    It is the oldest trick but it works all the time. BBY investors are the only losers. I told you so.

    Sentiment: Strong Sell

 
BBY
32.08-0.57(-1.75%)Apr 29 4:03 PMEDT