The Company is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services.
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With the earnings release coming soon I expect to see a drop. I think people are expecting a turnaround and when they see the most recent numbers they will be so shocked they will drop the stock. I generally do not short, but I do not think BBY has the ability to turn the tides. Similarly to Circuit City their flexibility is getting smaller and smaller.
The company is clearly in trouble. I made the mistake of opening a credit account there- between personal and biz expenses I spend $10-20k a year. I was a decent customer. They have refused to give me a statement of my account, simple purchases and payments. There is no credit issue, only a refusal to help me with this simple request. If this is the way they treat customers, they are clearly close to folding.
When I call I get an endless stream of robots asking for the same account number. The local managers says its not her department. SHORT THIS LOSER!!!!!!