With all the cutting at Best Buy (BBY -6.2%), a decent amount of free cash flow looks to have...
Tuesday, August 21, 2012, 10:17 AM ETWith all the cutting at Best Buy (BBY -6.2%), a decent amount of free cash flow looks to have helped the company's dividend survive the chopping block for the time being. But even with an offer on the table at $24-$26 and a nice little 4% yield as a kicker, investors are shying away and betting against a turnaround. Wedbush Securities analyst Michael Pachter cuts to the chase: "This is a herculean task even for an accomplished retail executive...Mr. Joly's complete lack of retail experience will be an impediment to his success."
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