VP of Common Sense

Best Buy Reaction Could Reflect Sentiment Change

Your argument is that Circuit City had zero sales?


On Jun 16 10:03 PM Jim Mallory wrote:

> That makes the assumption that Circuit City had market share to monetize
> and that they are the only operation that could take the market share.
> Wal*Mart is moving big time into that category and even the local
> Kmart has started to get a little more upscale in electronics. I
> saw a 42" 720p Panasonic plasma at the local Kmart here today. Also,
> everytime I walk into the local Costco there are flat-screen televisions
> being purchased. I know I quit shopping Circuit City and Best Buy
> in any large part years ago and only went their if they had something
> I needed "now" and/or at a fire sale price. In fact, I don't even
> think I have even set foot in a Best Buy in 2009.

Best Buy Reaction Could Reflect Sentiment Change

The negative reaction was based on the available market share from Circuit City's implosion that Best Buy failed to monetize. Although smart money sentiment sucks too.