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With all the cutting at Best Buy (BBY -6.2%), a decent amount of free cash flow looks to have...

With 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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  • QuantRec
    , contributor
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    Best Buy’s Tough Earnings May Lift Schulze’s Hopes a Little http://goo.gl/SB6W8
    21 Aug 2012, 11:14 AM Reply Like
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