Cramer slammed BBY on his comedy show...time to buy buy buy....he and his charitable trust are a joke
The numbers today did not shock Schulze as he had already performed DD and stated that the situation was urgent which is why he proposed a buyout in the first place. Now the diminished numbers will affect the buyout price which will obviously be lower than the $24-26 Schulze offered originally, my guess $19-20 would be tops.
BBY still generates nice cash flow and under proper mgmt it could reward investors nicely. Amazon's biggest advantage was the no sales tax and that is going away. Also a private company has far lower cost of operation than a publically traded companies. Private companies are more nimble and can make changes very fast.
Don't let shorts or that idiot Cramer make you sell or prevent from buying in at these levels.
Cramer said "sell". That is Wall Street speak for "buy". You're right that the sales tax savings is going away. Best Buy may not get bought out but it's hard to see how a stock buyer today is going to get hurt much. Seems to be way more upside than downside.
The buy buy buy part was my view which is opposite of what Cramer recommended. You are correct on any sell rating from Cramer is usually a sign to buy all you can because that idiot is wrong wayyyyy more than he is ever right.
This stock is also VERY oversold so it should bounce back top between $13.50 and $14.50 short term.