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Best Buy's (BBY -1.5%) store closings may just be the tip of the iceberg, thinks UBS. The lack...

Best Buy's (BBY -1.5%) store closings may just be the tip of the iceberg, thinks UBS. The lack of a clear geographic or demographic pattern to the closings leads the firm to believe "all the company’s remaining big box stores could be future candidates for consolidation." UBS, which rates Best Buy a Neutral, has already called on the retailer to more aggressively slash its footprint.
Comments (1)
  • matias100
    , contributor
    Comments (71) | Send Message
     
    So the private equity buyout for USD 30+ was just an unfounded rumor? Shame I closed my short position.
    16 Apr 2012, 12:46 PM Reply Like
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