Amazon and Costco and Sam's Club are the reasons BBY will not survive .
Amazon not only offer the lowest price , it also ship the item to your door step. That means saving gas and , more importantly, hauling a TV for example .
Costco not only offers fantastic price , it offers the best return policy in the world whereas BBY has a return policy of only 14 days on most items .
Costco memberships is rising each year at alarming rate . These members will buy items from Costco and not BBY . Costco carries just about everything and one would be stupid not to shop ther to take advantage of fantastic price and return policy .
Some bargain hunters thought differently about CC and never thought it would go out of business and bought shares and lost their shirt .
The same bargain hunters have been losing their shirts since $25.00 and wait until it drops to $9.00 by next week
that is how people lose money hanging on Hope . The market has been up more than 500 points and where is this stock only up .07 cents . Do you know why because funds are getting out and one fund is trying to keep the stock above $12.00 " Hoping " some may come and buy it .
Imagine if you were smart and sold it 2 months ago around $19.00 and bought may be BAC at $8.00 . BAC is $12.00 now and going higher and you are down 7 points " Hoping " some one may buy the stock around $13.00 or $14.00
If the earning is bad no one will fund a purchase and the former chairman does Not have the fund alone so the stock will drop to around $9.00