Once BBY hits $2 Schultze will offer $3 unless he is an idi--ot to offer more than $3 for a bankrupt company
Very funny, and very true!
People are dreaming if they think he will offer 16 to 20 dollars a share for a company with 8 straight quarters of declining revenue and profit.
Sentiment: Strong Sell
They lost $13M last quarter. That's less than a drop in the bucket. Buyout rule of thumb- book value minus debt plus 75%. Offer should be $17 minimum
"8 straight quarters of declining revenue and profit"
Since you are a stocktrader, why dont u go and check Q3 2012 vs Q2 2012 revenues...As far as I know, $10.753 mm is higher than $10.547mm...
Retarded and ignorant - wonder what u trade ;)
Sentiment: Strong Buy
BBY reminds me of palm. An offer was in the books all the way down from $18 to $3. Eventually HPQ offered $6