Wednesday, August 22, 2012

Investopedia: Should Best Buy Shareholders Take The Money And Run?

I don't believe it surprised anyone when the board at Best Buy (NYSE:BBY) didn't exactly leap for joy at the receipt of a go-private bid from Best Buy's founder (and largest shareholder) Richard Schulze. Likewise, I'm not sure many investors will be surprised that the company once again posted a very disappointing quarterly financial performance. Now the question turns to whether shareholders should give newly hired CEO Hubert Joly a chance to work his turnaround magic, or take Schulze's money and move on to new opportunities.

Please continue reading here:
http://stocks.investopedia.com/stock-analysis/2012/Should-Best-Buy-Shareholders-Take-The-Money-And-Run-BBY-AMZN-COST-HGG0821.aspx

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