Best Buy Still Has No Future
The following video is part of our "Motley Fool Conversations" series, in which chief technology officer Jeremy Phillips and senior technology analyst Eric Bleeker discuss topics across the investing world.
Best Buy just released same-store comps that declined more than 5% year over year, and investors... cheered? That's just another sad saga in the continuing decline of this once-proud electronics retailer. Eric and Jeremy discuss why Best Buy continues to look like a turnaround with no end in sight, except eventual bankruptcy. The company's model is put under more pressure than other retailers from e-commerce sales, it has compromised its store experience trying to chase opportunities, and it has few advantages over retail stores.
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At the time this article was published Eric Bleekerhas no positions in the stocks mentioned above. Jeremy Phillips has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Amazon.com, and Best Buy.Motley Fool newsletter services recommendAmazon.com and Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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