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August 21, 2012 01:31 pm PDT

Best Buy a bad buy for investors

Best Buy made just $12m in profit on revenues of $10.6bn in the last quarter, falling from $150m over the same period from last year. With stock and sales alike slumping, the firm suspended its profit forecast and share buybacks. Best Buy knows exactly what it's problem is—it freely admits that everyone uses it to [...]


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Q3RodyFwtD4/best-buy-a-bad-buy-for-investo.html

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