Aestu wrote:
Yuratuhl wrote:
Best Buy will go belly up within 5 years.
Short sale? Azelma?
I think allowing executives to rape the business and ride out the decline over 5 years is the most likely option. The problem with trying any short sell is that the stock continues to fall. For shits and giggles I took a look at their 5 year trend...it's almost comical. You can't short something that never goes up significantly...maybe they'll try to boost confidence by making some exclusive deal with a tech company, or having a random Quarter that exceeds expectations, but I doubt it.
They already have shut down loads of stores (partly because they way over-expanded when things were booming and before online retailers figured out how to easily undercut them). People getting scammed and their passable online store will help them limp to the finish line. I think they see the writing on the wall.
In the end, watch Amazon buy them out for pennies on the dollar or something...shut down most of the stores and get rid of the properties, turning those they wish to keep into product storage warehouses. At least I won't have to be irritated by seeing the occasional Geek Squad van driving around anymore.