TheStreet.com calls Best Buy's (BBY -0.2%) big bet on heavy discounting that led to a lackluster...

|About: Best Buy Co. (BBY)|By:, SA News Editor

TheStreet.com calls Best Buy's (BBY -0.2%) big bet on heavy discounting that led to a lackluster FQ3 the "#3 Dumbest Thing on Wall Street" (video) in its weekly ranking of corporate misfires. Gregg Greenberg says the firm needs to come up with a new plan other than out-of-control discounting, a view seemingly held by investors who sold off shares to the tune of 17% for the week.