Back to the future: The return of Richard Schulze to Best Buy (BBY) as Chairman Emeritus along...

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

Back to the future: The return of Richard Schulze to Best Buy (BBY) as Chairman Emeritus along with two of his nominees to the board is a good indication the founder will hold on to the large stake in the company he owns and will back a turnaround plan. If CEO Joly and Schulze are on the same page, analysts think the chances for a Best Buy revival look more promising. Shares of BBY +0.7% premarket to $22.92, marking their highest trading level in ten months.