01-07-2012, 07:39 AM
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#71
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Grand Sorcerer
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Best Buy is in an entirely different competitive position than B&N.
They too have been bleeding business to online (and not just Amazon) but a lot of their problems are just that their core business is discretionary-spending items. The new penny-pinching "normal" is not helpful to them.
But they did about as expected and one of their few national B&M competitors (Sears) is going to be trimming back.
They are also moving to make *their* online more competitive and they've cut back their money-losing foray outside the US.
Unless they have a dismay Super Bowl TV-selling season, they'll be in better shape this year than last. No great but not worsening.
Stock pricing being forward-looking, BB gets a minor boost.
*Their* clouds just aren't as dark as B&N's right now.
And that is a change.
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