Best Buy shares rise after holiday sales come in better than expected

  • Article by: MAE ANDERSON and MICHELLE CHAPMAN , Associated Press
  • Updated: January 11, 2013 - 5:07 PM
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jimleffertsJan. 11, 13 8:08 AM

The headline should be "Best Buy's forecasted cash flow falls more than 40%". That is a spectacular failure! They are blaming the timing of inventory payments. If this is a permanent, structural change in their business, that's a serious issue. It's very likely that gross margins were also heavily impacted as they gave away product in order meet their goal of flat comps. The current management of Best Buy has no integrity.

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reetnhJan. 11, 13 8:31 AM

Good luck Best Buy!

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