Here's why: Pure personal greed and ego. Schultz has out and out offered to buy BB and take it private. This will be to a major advantage to all shareholders holding this very moment. But no... they want to offer an Onion flower appetizer and chicken strips (or whatever TGIF has to offer on their menu.) I've never been there, myself.
I think it's sad. I'm neither long or short, but I always check in on BBY because this was the veeeery first stock I owned way back in 1994 when I first got into the market. I remember purchasing BBY back then at 8 bucks a share (before ALL the crazy splits and skyrocket upward.) I sold out just a year later and made some good bank, but missed the major takeoff that happened afterward.
Anyway, best of luck to you longs, and I hope the company doesn't continue to shoot yourselves in the face. Siiighh.
I agree. Haven't been in a BB for 4 or 5 years. This company is dead until the economy turns up and prices decline. To top that, lets hire a FRENCH CEO to lead us to BK. How dumb does it get. See you at $3.00. There is no value.