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Custom Installers' Lounge Forum - View Post
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The following page was printed from RemoteCentral.com:
| Topic: | Best Buy may not be dead, yet This thread has 19 replies. Displaying posts 16 through 20. |
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| Post 16 made on Tuesday August 7, 2012 at 03:47 |
pilgram Loyal Member |
Joined:
Posts: | November 2004
5,684 |
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On August 6, 2012 at 17:07, Hasbeen said...
I think this is a cash grab. If Shulze owns 20% of the stock and it bumps 10% in morning trading, he made plenty of money for simply putting out a press release. That's my thoughts. CEO's are in the business of making money. Nothing else matters.
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Every day is a good day.......some are just better than others!
Proud to say that my property is protected by a high speed wireless device! |
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| Post 17 made on Tuesday August 7, 2012 at 09:43 |
cpchillin Select Member |
Joined:
Posts: | September 2007
2,239 |
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I think that Schulze is getting old and wants to retire. If he takes the company private then sells to a private equity firm like Bain Capital then he'll make more more then if he sells his 20% stake now.
Just so people know putting out a press release that raises the stock price right now doesn't make the guy any money unless he sells his stocks right now. Sure it gets people talking but it could also scare people into selling the stock and him losing even more money.
Best Buy has a good amount of money in the bank and that's part of the reason I still say they'll be around for a while longer.
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Who says you can't put 61" plasmas up on cantilever mounts using toggle bolts? <---Thanks Ernie ;) |
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| Post 18 made on Tuesday August 7, 2012 at 20:54 |
MNTommyBoy Senior Member |
Joined:
Posts: | November 2010
1,041 |
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I don't see it now on the interwebs, but I thought that a large part of BBs loss (maybe half) last year was due to one-time charges - Car Phone Warehouse issues, closing up in the UK and other places. Of course a loss is a loss, but the one-time stuff always skus earnings.
Dick wants his baby back, baby back, baby back. I don't blame him. You should see the money they're dumping into the stores up here, crazy dollars!
Drew, have you been to the remodeled Richfield store?
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"There's a big difference between winging it and seeing what happens. Now let's see what happens." ~MacGruber |
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| Post 19 made on Tuesday August 7, 2012 at 21:57 |
drewski300 Super Member |
Joined:
Posts: | January 2007
3,848 |
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On August 7, 2012 at 20:54, MNTommyBoy said...
Drew, have you been to the remodeled Richfield store? Not yet. You like it?? I've been to two other locations but they aren't finished yet. I'm not sure I like the direction they are going but it might work for the general public. Have you and what did you think? Thanks again for the iPort dock!
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"Just when I thought you couldn't possibly be any dumber, you go and do something like this... and totally redeem yourself!" |
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| Post 20 made on Wednesday August 8, 2012 at 18:02 |
MNTommyBoy Senior Member |
Joined:
Posts: | November 2010
1,041 |
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I actually need to get back in there when I have time again to take a closer look. I ran into another CI guy the same day I was there so I was rushing to get out.
I know they walk around with iPad control for the environment rooms. They have a design room, I'm not sure if they demo in that room at all, or just work and present stuff for customers. They also have a room with some really high end gear, Macintosh etc. Overall, its a great presentation, out of the park for a BB, IMHO.
Your welcome on the dock, glad it worked out! (I enjoy my new phone :)
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"There's a big difference between winging it and seeing what happens. Now let's see what happens." ~MacGruber |
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