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Posted On: 08/22/2012 12:52:40 AM
Post# of 99373
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Posted By: RobInvest

The new Best Buy CEO has his work cut out for him.  Tomorrow will likely be a down day after missing earnings and revenue estimates.  The last CEO was a joke thinking the business should focus on the geek squad simply because the younger generation won't need the geek squad (as most younger folks are somewhat tech savvy).  The internet is ruining this business model as folks buy from Amazon or eBay.  This stock will most likely be shorted tomorrow so I would expect a dip.  The new CEO needs to establish some direction or else Best Buy will face the same fate as Circuit City.


http://www.cnbc.com/id/48739612


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