What You Haven't Heard About Best Buy
I am very disappointed by the discussion surrounding Best Buy's (BBY) quarterly results. It's one thing to beat up on a company that is already on the ground, but as an investor, you have to understand what's really going on. This is especially true seeing that the stock, believe it or not, has been called out as a deep-value play.
Let's get real. It's management hype (profit opportunities in services, store closures, online experience, and so on) versus reality (more dreadful results, a worrying cash burn rate). Counter to J.C. Penney (JCP), reality wins on earnings day....374 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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