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Goodbye To Best Buy

|Includes: Best Buy Co. (BBY)

I used to love going to electronics stores to see new exciting things. It seemed there would be no end to gadgets getting yet more incredible.

Now guess what? Things changed.

I was at Best Buy BBY last week. It felt like a funeral home for technology.

Printers, ink and paper in the paperless age. Cables in the age of wireless. CD, DVD, BlueRay writables, USB and hard drives in the age of Dropbox. Game consoles that can't match computing power of iPad. PCs in the age of Cloud.

Real in the age of virtual.

I walked to the TV department to see the flat screen monsters getting even bigger. Even if I were to buy I would have nowhere to put it in the place to live.

Besides I do not watch TV at home anymore. I do not even spend much time at home. I hop from one coffee shop to another and watch youtube on my laptop screen surrounded by others like me. I am thinking about selling my current 50 inch TV assuming I am lucky to find a buyer for it.

Take a typical Best Buy and remove all useless dying real world technology. You are going to get an empty store.

As it usually happens to old business models being killed by disruptive technologies, Best Buy is going to zero unless it finds a buyer. But who would want to pay $8B for a dying business with 180,000 employees?

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.