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re: Best Buy
Posted on 2/3/09 at 9:58 pm to BigBoyTiger
Posted on 2/3/09 at 9:58 pm to BigBoyTiger
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.
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