Best Buy’s ‘Shocking’ Drop Provides Reality Check For All Investors

Thursday, January 16, 2014

No one can say the risk was hidden. Best Buy cautioned last November about the risks in the coming holiday season. The accompanying 10% stock drop back then signaled management’s comments were a serious concern.

Now falls the other shoe: A huge 28+% stock plunge following Best Buy’s confirmation of risk becoming reality. (This announcement precedes the January 31 fiscal year earnings report, to be released February 27.)

So, what about the stock market, itself?

This article is published on Forbes.com


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