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Best Buy Co., Inc. Message Board

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  • kepinitfun kepinitfun Jan 18, 2013 10:21 AM Flag

    Bullish signs for Best Buy ?

    Totally disagree. BBY is NOT profitable. They've been losing money every quarter and the cash balance continues to decrease. I do LBO's for a living and this will be a hard stock to buyout. As a PE firm, we look to take out as much cash as possible and leverage up. Not many lenders will be attracted to a stock that has a decreasing cash balance and this will mean more equity. I hope the best for BBY, but I just don't see it in any of the above comments. Look at HGG for advice, much better balance sheet and they just released downward revised finacials.
    My best,

    Sentiment: Strong Sell

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