Tuesday, August 21, 2012

Best Buy Death Watch

OK, so maybe I'm being a little harsh.


Best Buy shares sink as it cuts outlook, suspends share buybacks. (San Jose Mercury News, 8/21/2012)

Evidence along the trail.

On the other hand, Best Buy had sales of $10,550,000,000.   10+ Billion.  A 3% decrease.  That's not exactly falling off a cliff, as I see it.

Apparently, it all about Wall Street expectations.

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