InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,818.03
(
-0.83%
)
Post# of 9104
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

buckhunter102001

Send PM Follow Ignore
Followers 70
Posts 1643
Boards Moderated 1
Alias Born 01/27/2012

buckhunter102001

Re: None

Thursday, 06/07/2012 5:53:09 PM

Thursday, June 07, 2012 5:53:09 PM

Post# of 9104
BBY (WATCH)- Potential huge UPTANK for a long term hold

Richard M. Schulze, CEO and founder of BEST BUY resigned today!!

Dude owns 20% stake in the company and the PPS is already suppressed due to losses in 7 of the last 8 quarters. Depending on what he does with his 20%, he may lead a private takeover or he may sell into the market. If he does the latter then the price will likely dip further as the market is flooded with shares...great opportunity to capitalize if that happens. If it's a private takeover then it could be a good opportunity as well. I anticipate the market will react adversely tomorrow and could see a sell off possibly.

http://www.cnbc.com/id/47726462

http://stockcharts.com/h-sc/ui?s=BBY&p=W&b=5&g=0&id=p88027104755
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up