Best Buy (BBY) moves up 20.1% premarket off of a report that founder Richard Schulze has put...


Best Buy (BBY) moves up 20.1% premarket off of a report that founder Richard Schulze has put together a buyout offer at $24-26 per share.

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Comments (2)
  • SivBum
    , contributor
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    Trading at $21.5x; the deal is DOA.
    6 Aug 2012, 09:18 AM Reply Like
  • hotrodjj
    , contributor
    Comments (48) | Send Message
     
    Everytime I buy anything electronic, I go to Best Buy to look and compare first. I have four HD TV's and all were purchased at other than Best Buy at lower prices. Same for a new Dell computer six month ago, came from Sams Club at $125 savings over Best Buy. Any small peripherals, switches and so-forth Best Buy usually are out of at the store. Eight sales people on the floor, they act you are not there. Have to almost beg for help. The two stores I go to, it appears around 20% of shelves are always out of stock. Try buying HD cables at Best Buy, priced way higher that Costco or Sams.
    Beginning of the year I did buy a Dell laptop at Best Buy but returned it because the next week Office Max had the same laptop at $100 less. I've tryed over and over to buy at Best Buy but it's as if they are already out of business. Schulze spent the last five of six years running the stock price down, why would anyone think he can now turn it around.
    6 Aug 2012, 10:25 AM Reply Like
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