New Best Buy CFO draws praise

  • Article by: THOMAS LEE , Star Tribune
  • Updated: November 12, 2012 - 9:42 PM

Wall Street approves of Sharon McCollam, who hopes to apply her e-commerce savvy from Williams-Sonoma to the struggling retailer.

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the3rdchimpNov. 13, 12 7:34 AM

re: Source close to Schulze says that Schulze won't make an offer until December because he is afraid a poor holiday season will further drive down stock price and he does not want to overpay for company. This makes no sense to me. Schulze offered 24-26 when stock price was in mid-17's. The price is now upper-15's. So now he's going to time the market? Why would he assume a poor holiday season when we have the greatest proliferation of new products and system upgrades (e.g., Windows 8, smartphone and tablet wars, Wii console). Why would he assume a further share price decline, when it seems also likely that the price could rise as Joly makes the right moves (consider market approval of new CFO). The delay in making an offer makes no sense to me and now I have to think that Mr. "I'm not going away" is getting cold feet.

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