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Maybe another step closer to Circuit City, Best Buy (BBY -3%) catches downgrade #2 for the day,...

Maybe another step closer to Circuit City, Best Buy (BBY -3%) catches downgrade #2 for the day, S&P lowering its rating to BB from BB+. Similar to RadioShack, the agency envisions a tough Q4 for the company. The fruits of any turnaround plan by management could be a year or more away. (Fitch earlier)
Comments (3)
  • TangoOscar
    , contributor
    Comments (377) | Send Message
     
    BULLISH! Shares headed to 15.00 at the open Monday!
    21 Nov 2012, 05:27 PM Reply Like
  • Len Marx
    , contributor
    Comments (46) | Send Message
     
    BBY has invested $6.4 billion for foreign sales (Canada, China & Europe) of $13 billion with no O.P. & declining comps. So 40% of BBY assets are non productive & causing a drain.....
    21 Nov 2012, 05:50 PM Reply Like
  • Bye Bye BBY
    , contributor
    Comments (58) | Send Message
     
    I predicted BBY would hit $12 by Dec 1st earlier this year. I was off by a few days. BBY is only months away for the new CEO to walk away with millions. This CEO is brilliant, it is the Board that is unbelievable, throwing away good money.
    How soon will layoffs start? How about January 15 when the 1st announcements start. The return season will be over and the DDC, Service Support Group (GS), GSC will all be on a sinking ship. Get your resumes ready.
    BYE BYE BBY
    22 Nov 2012, 02:14 AM Reply Like
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