1. Deal Reporter article on Bloomberg says BBY Board has not put a price floor on the potential buyout price. What does this message? Negotiations are crumbling. If there is a buyout coming, it will not be at or near the previous range. Management desperate for a buyout and willing to take any price.
2. Credit markets, which are 100% more intelligent than the equity markets, are telling you there is no deal. CDS spread currently at 400 wide and traded as tight as 200 when a deal looked likely last year (there's a change of control in the BBY bonds that makes an LBO good for the CDS).
You answered your own questions. 1. Schulze decides if/when he wants to put a price floor on the buyout price and does not have to take advice of Bloomberg writers whose specialty is writing stories that sell, not predicting buyouts. Schulze does not have to predict a buyout..he knows what he will do.
2. If credit markets were wrong last year when they "traded as tight as 200 when a deal looked likely"...then they could just as easily be wrong this year.
Buy best buy
I agree. I wish that they would just bag this buyout and all the wall street chart wizards and shorts would just move their circus tent to some place else. BBY business can stand on its own.
BBY whiners, buy Amazon and go away. That's the future, right? Big sales-no focus-no profits. Keep changing the game slight of hand. New high today. Opaque accounting. Perfect for wall street hustlers. Buy Amazon now and be gone.