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Steve Alexander » Comments » CRWHF.PK

  • Implications of Best Buy's Carphone Warehouse Investment  [View article]
    Thanks for the quick analysis. Remember that CW also owns a large network and phone line business in addition to their retail operations, so perhaps the corporate ROE of 10% is an understatement, considering Best Buy only bought 50% of the retail business.

    I share your concerns about over focusing on growth, but this seems like a prudent move. Best Buy has the balance sheet to do it, and Europe is a geographic market they have yet to enter. It's certainly a better entrance strategy than Wal-Mart used!

    Steve
    magicdiligence.com
    May 20 17:19 pm |Rating: 0 0 |Link to Comment
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