Best Buy Still Has No Future
May 28th 2012 5:55PM
Updated May 28th 2012 5:56PM
The following video is part of our "Motley Fool Conversations" series, in which chief technology officer Jeremy Phillips and senior technology analyst Eric Bleeker discuss topics across the investing world.
Best Buy just released same-store comps that declined more than 5% year over year, and investors... cheered? That's just another sad saga in the continuing decline of this once-proud electronics retailer. Eric and Jeremy discuss why Best Buy continues to look like a turnaround with no end in sight, except eventual bankruptcy. The company's model is put under more pressure than other retailers from e-commerce sales, it has compromised its store experience trying to chase opportunities, and it has few advantages over retail stores.
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At the time this article was published Eric Bleeker has no positions in the stocks mentioned above. Jeremy Phillips has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Amazon.com, and Best Buy. Motley Fool newsletter services recommend Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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