Best Buy; Best-er Sell

Tyler Durden's picture

Just two short weeks ago, we noted that Best Buy's 'news' regarding take-overs, take-unders, LBOs, MBOs, or whatever it was - was an opportunity to fade the initial spike. Today's reality-check is cracking the stock down over 7% on heavy volume - as while founder Schulze (who left in June) restates his desire to pursue his proposal, he was 'schocked' that the company has just named a new CEO - signaling the company's desire to keep operating as a going concern as a public company.