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Bye Bye BBY

Bye Bye BBY
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  • Best Buy - Buy, Hold Or Sell? [View article]
    Did Best Buy pay all the bills in the 4th quarter to make the number they made?

    BYE BYE BBY
    Mar 3, 2013. 11:14 AM | Likes Like |Link to Comment
  • Richard Schulze appears to be backing off his bid to acquire Best Buy (BBY -0.7%) and will seek his former position as the chairman of the board, according to The Minneapolis Star Tribune. The investor has until midnight tonight to organize a bid or he will have to wait until next year. [View news story]
    The calm before the STORM. Cut 400 employees this week, in the next 90 days you can expect up to 2500 more. Without rev and with price match in place, the only way WALL STREET will respect the stock price is major expense cuts. The water cooler talk is that many employees want the severance package while BBY has the money in the bank to pay it.

    BYE BYE BBY
    Feb 28, 2013. 04:03 PM | Likes Like |Link to Comment
  • Best Buy (BBY -2%) founder Richard Schulze is mulling whether to scrap plans for a buyout of the struggling electronics chain and instead (along with other investors) obtain a minority stake, the WSJ reports. Sources claim Schulze, who owns ~20% of Best Buy, hasn't yet secured enough financing for a buyout, which is leading him to explore his options. But no decision has been made yet. The report led Best Buy to dive in the final minutes of trading after rallying earlier. [View news story]
    Don't forget his shares also dropped. He owns 20%, I think his loss was just a little bit more than yours.

    Bye Bye BBY
    Feb 13, 2013. 10:50 PM | Likes Like |Link to Comment
  • Unspinning The Best Buy Saga: Schulze The Vulture [View article]
    You have "kool-aid" (color -Best Buy Blue) stains all around your mouth. This company has changed so much in the last 12 years. With the death of Dick's wife, the moral compass was gone. BBY changed from a place to work and be respected, to a place to make a few bucks and then move on. With one exception, the "The Good Old Boy's club". This group did what was good for them and stepped on the employees below. They are now paying the price.

    Bye Bye BBY
    Dec 16, 2012. 11:45 AM | 1 Like Like |Link to Comment
  • New Best Buy (BBY) CFO Sharon McCollam is granted 107.6K shares of company stock, with options for another 381.1K. Shares +4.4% AH. Are traders misinterpreting this as a large insider buy? (Form 4[View news story]
    BBY is about Togo broke.

    Bye by BBY
    Dec 13, 2012. 11:29 PM | Likes Like |Link to Comment
  • New Best Buy (BBY) CFO Sharon McCollam is granted 107.6K shares of company stock, with options for another 381.1K. Shares +4.4% AH. Are traders misinterpreting this as a large insider buy? (Form 4[View news story]
    This department has 30% margin. Most consumers don't even know that BBY has this department. BBY is known for electronics .

    Bye Bye BBY
    Dec 13, 2012. 11:29 PM | Likes Like |Link to Comment
  • New Best Buy (BBY) CFO Sharon McCollam is granted 107.6K shares of company stock, with options for another 381.1K. Shares +4.4% AH. Are traders misinterpreting this as a large insider buy? (Form 4[View news story]
    Does This explains the stock grants?

    Thursday, December 13, 10:29 AM A strong unexplained move in shares of Best Buy (BBY +18.1%) after the market closed yesterday takes on a different context off the news report this morning that Richard Schulze will make a formal bid to the board this week. Fortune editor Dan Primack can't help but call the BBY spike suspicious given the inside trading headline du jour.
    Dec 13, 2012. 12:11 PM | Likes Like |Link to Comment
  • New Best Buy (BBY) CFO Sharon McCollam is granted 107.6K shares of company stock, with options for another 381.1K. Shares +4.4% AH. Are traders misinterpreting this as a large insider buy? (Form 4[View news story]
    The EMPLOYEES are the ones that are customer facing. They can save BBY, not the CFO. Another example of how the "RUST of the BOARD" is still the problem. WAKE UP!

    Bye Bye BBY
    Dec 12, 2012. 10:50 PM | Likes Like |Link to Comment
  • New Best Buy (BBY) CFO Sharon McCollam is granted 107.6K shares of company stock, with options for another 381.1K. Shares +4.4% AH. Are traders misinterpreting this as a large insider buy? (Form 4[View news story]
    Just more of the same. No leadership at the top. What about the employees that are upside down in stock grants? This news kills the moral of all employees. No Santa at Best Buy.

    Bye Bye BBY
    Dec 12, 2012. 06:19 PM | Likes Like |Link to Comment
  • Best Buy (BBY -3.5%) trades lower on a move attributed to building chatter that Richard Schulze is struggling to line up financing for a deal to buy out the retailer. [View news story]
    Thursday, November 29, 11:46 AM Best Buy (BBY -3.5%) trades lower on a move attributed to building chatter that Richard Schulze is struggling to line up financing for a deal to buy out the retailer.

    It sounds like Richard Schulze needs to put some additional cash in to make this work. Otherwise his complete BBY stocks with be lost when Best Buy follows the CC route.
    Nov 29, 2012. 06:30 PM | 1 Like Like |Link to Comment
  • 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) [View news story]
    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
    Nov 22, 2012. 02:14 AM | Likes Like |Link to Comment
  • Best Buy (BBY -9.8%) founder Richard Schulze is still working on a buyout offer for the electronics chain, a source tells Bloomberg. Shares fell to 10-year lows today, apparently on speculation Schulze's offer might not pan out. Reuters reported last week Schulze might end up bidding at a price below the $24-$26/share range he previously suggested. (earlier[View news story]
    The current leadership continues to drive the price to a 10 year low, why would Dick pay twice the stock price when he can wait until next summer and pay 1/2 his original offer? How soon will the price dip below $10?
    Nov 16, 2012. 07:00 PM | Likes Like |Link to Comment
  • A Hidden Value Play With 50% Upside Potential [View article]
    WRONG. (There is no mystery regarding what needs to be done to fix Best Buy, although it would take a brave management group)
    When MANAGEMENT is the problem, it would take a brave CEO to fix the problem.

    Bye Bye BBY
    Oct 24, 2012. 07:49 PM | Likes Like |Link to Comment
  • Best Buy (BBY +0.2%) plans to match the prices of Amazon this holiday season in order to cut down on the number of shoppers who sample items then leave the store to make an online purchase. The aggressive move comes despite previous protestations from the firm that the "showrooming" effect is exaggerated and with the retailer's new E-commerce head making noise[View news story]
    The STOCK price will follow the discounted matched price. Then what? The value of the company will continue to go down, making a take over the next step or close the doors. Great move by the new CEO. Although with his pay package, "Why Not". He may be smarter than what we thought. He could be back in France by the spring.
    Oct 12, 2012. 10:08 AM | Likes Like |Link to Comment
  • Best Buy (BBY) announces CFO Jim Muehlbauer is leaving at the end of FY13 (ends Feb. 3, 2013) , and that a search has begun a search for a replacement. News of Muelhlbauer's departure comes as rumors swirl about founder Richard Schulze's interest in making a bid for the struggling electronics chain. [View news story]
    One by One they are running for the doors. Another poor example of BBY ability to make decisions. Is this one of the Exec that received the Bonus back in June?


    Destruction of Trust Between Management and Workforce

    First, Best Buy's decision to lay off workers comes about only one week after the company announced that it was giving $10 million in bonuses to four executives for doing nothing more than not leaving the company. An article describing those "continuity bonuses".
    Oct 9, 2012. 05:53 PM | Likes Like |Link to Comment
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