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The Company is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services.
The current hype will wear off after all of the "changes" prove to be window dressing. I respect their effort to keep the brick and mortar presence, but unless they can find a way to make legitimate profits from products with profit margin they will be forced to move to a model that consists of tiny best buy mobile stores and a website.
07/01/13 BBY is in the same bad shape & hasn't shown any result yet of a turn around. Yet the stock is up 8.45% today, as I am writing this. Why? Easy, Credit Suisse upgraded the stock to Outperform today. The result is "short squeeze". The stock price going up isn't the result of better company valuation & business result. It is only due to the short covering their positions. BBY is well due for a pull back. @$29.60 this stock is very expensive.
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