A diary of the thought process behind my investment decisions
Victim Of The Internet
The electronics retailer, Best Buy, missed badly and I believe the disappointments will likely continue into the future. As more people become comfortable shopping online it makes little sense to shop at a brick and mortar electronics retailer. There is simply no way for Best Buy to compete with online merchants who have little overhead and sell for razor thin margins. I believe Best Buy is a company in secular decline and while it may look like a value, I believe it is a value trap.