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Best Buy – Pressure From Investors

I was reading an article recently that mentioned investors are looking for Best Buy to buy back some of their outstanding stock rather than buy other companies.  I would say that their track record of buying companies isn’t exaclty great considering they dumped a ton of money in to their Musicland purchase a few years ago and then later gave the company away as long as the buyer assumed the liabilities.

I didn’t realize that Best Buy had purchased Speakeasy.  It will be interesting to see how that plays out for them.  Speakeasy has been a niche ISP and it seems like they are somewhat of a contrast to the culture at Best Buy.

As I read this article, I did notice that the investors didn’t ask Best Buy to dump all of their higher paid employees and then hire a bunch of low paid, low knowledge workers in their place.  Maybe Circuit City should watch their competition’s investors and reconsider their strategy of hiring low paid workers in place of someone that might have had a chance at helping you.  I know I haven’t been in there since I read the news a few weeks ago about Circuit City’s strategy.  Heck, I don’t even read their advertisement in the Sunday paper anymore.

3 Responses to “Best Buy – Pressure From Investors”

Comment from Anna
Time May 10, 2007 at 1:33 pm

I don’t really like either one but Circuit City tends to have better deals on things I want. So, I’d say look over their ads and then take it over to Best Buy for a price match.

Comment from Hazzard
Time May 10, 2007 at 1:50 pm

Yeah, I don’t like Best Buy or Circuit City. I tend to go look at items in their stores and then find the cheapest deal online. That way, I get to touch and feel it before I buy, but still get the best deal. I guess I have learned to postpone gratification.