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re: Best Buy

Posted on 2/3/09 at 9:58 pm to
Posted by TigerinATL
Member since Feb 2005
61672 posts
Posted on 2/3/09 at 9:58 pm to
I don't know the fundamentals of the stock, but I do believe part of Best Buy's success has been the installation services for TV's. I doubt that will continue. The early adopters and people buying TV's nice enough to pay a few hundred extra for install already have bought their nice TV. Also, TV prices have come down enough to discourage another profitable product, extended warranty sales. I just don't see how they can keep doing as well in this economy, even with Circuit City going down.
Posted by BigBoyTiger
Cleveland
Member since Aug 2005
9578 posts
Posted on 2/3/09 at 10:09 pm to
All fair points.
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