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Best Buy Co., Inc. Message Board

  • stockmamma stockmamma Jan 30, 2013 10:15 PM Flag

    Volume and Price Spike

    Interesting spike in price and volume in last 10-15 minutes of trading today. I was disappointed to see it fade into the close, but made me think that news may be leaking out. Certainly good to see BBT upgrade and Blackrock increase their shares. I dont think either would do so, if they thought buyout would fall apart risking 4-6 dollars of downside.

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    • Agree! What a lot of participants underestimate is Schulze's ego. Whether the deal makes fundamental sense (good arguments by shorts) or not, for either PEs or Banks doesn't matter. I have seen worse, bigger and riskier deals being financed.
      Many underestimate:
      1. Mr Schulze doesn't leave without a big bang. It is his baby and his legacy. Having read about his track record, it is not the first time his business has faced an uphill struggle. But he has always been able to surround himself with capable people.
      2. Recovery in the housing market going forward, btw, a Buffett bet. People won't buy all their stuff on Amazon to furnish their new homes. At least, I wouldn't.

 
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