The Never Ending Saga With Best Buy

        I remember when I was little I'd always be in awe of Best Buy. It had every electronic a kid would want, and then when I got older, I realized all of those electronics are either at Target or online somewhere for a lower price, instead of driving 40 minutes out of my way to get one. Best Buy is a dying breed. I've watched Best Buy closely since it is been on a free fall ever since last year. Sure it went sky high Friday on beating analysts numbers from the holiday season, but it is still on life support. I'm not saying that Best Buy can't come back, but there is more of a chance for you to have more success just by putting a blind fold on and randomly picking a stock off the exchange. Like Circuit City and Radio Shack, electronic retailers are becoming a thing in the past. Since you can get anything on Ebay and Amazon, plus the gigantic retailers of Walmart, Target, and many more, Best Buy just has too much competition and in a dying sector alone there is such little chance of it ever coming back to full strength. Who wants to buy an Iphone at Best Buy that can be bought at a sleek Apple store or an Xbox that can just be found at a local supermarket? The answer is nobody. Maybe if you want the best electronic service or have questions you might go to Best Buy, but still the attraction isn't too thrilling. Plus it doesn't help when your logo almost looks like the ancient Blockbuster logo. With that being said, there is still a slight upside in Best Buy. Its owner, Richard Schulze has been trying to make a bid to buy out the remaining company for 24$/26$ a share. Which would obviously be huge for the company. If he succeeds then maybe Best Buy could renovate and become a successful company, probably not, but it would still be an intriguing short term option. Really short term. Best Buy's European business is expected to rise which would also be nice for the ailing company.
          To sum it up Best Buy is in no shape for an amazing run. And in a dying electronic retail industry Best Buy is the lone survivor, so will it fall over or can it keep going on life support? Well if Schulze gets a bid on it, it may show life for a little, but don't be fooled by its best day in 4 years. Its EPS estimates are still terrible, and it has very little equity. Its all about when it posts its earnings and if Schulze gets a bid on it in February. It still has a long way to go.