Retailer Best Buy Co., Inc. (NYSE:BBY) has been going through troubled times. Its last earnings report was disappointing, with a miss on estimates and profits falling 52 percent from last year on revenues that declined 3 percent. The retailer suspended its stock repurchase program and also refused guidance for the balance of the year. A new CEO is soon to take charge. An earlier negotiation for the sale of the firm to founder and former chairman, Richard Schulze, fell through. Piper Jaffray is of the opinion that Best Buy Co., Inc. (NYSE:BBY)’s troubles could work to the advantage of Amazon…
On This Page
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
