Best Buy (BBY -1.1%) falls off as enthusiasm over a potential buyout fades a bit. While the...

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

Best Buy (BBY -1.1%) falls off as enthusiasm over a potential buyout fades a bit. While the first analyst take on the deal was that founder Richard Schulze faced an uphill battle landing financing, Jefferies' Daniel Blinder goes a step further and says the deal price is far too low. In a nutshell, the analyst says the ultimate takeout bid would have to be in the upper $20s to lower $30s to give investors a large enough risk premium to allow for BBY's complicated 2-3 year turnaround.