Best Buy or HH Gregg: Which is the Better Bet?
Just over a year ago, many analysts were writing off electronics mega-retailer Best Buy (BBY, quote) for dead.
Just over a year ago, many analysts were writing off electronics mega-retailer Best Buy (BBY, quote) for dead.
Today we are looking at taking advantage of Mr. Schultz’s leverage buy out (LBO) of Best Buy (BBY, quote) and as the current Best Buy board drag their feet as if they are not sure what to do with the company it gets worse for Best Buy and better for Mr. Schultz.
Welcome to today’s Morning Coffee Break –despite losses last week U.S. markets are firmly in the green as market participants head into the last week of September and the final week of the 3rd quarter. Markets are in the green as well for the 3rd quarter putting markets on target to be the best year since 2009.
The market saw up and down swings. Financials lead the way in early trade through the afternoon. Market took a turn when news reports quoted former Greece Prime Minister Lucas Papademos as saying that preparations for the country’s exit from the euro zone are being considered, sending the euro and markets lower.
Traders find themselves back in a risk on scenario across the board after the G8 statement indicated the euro zone policy makers would like to keep Greece in the family.