The Investment Thread
That is because they are all following the same public company C-suite playbook. Extract cash from the company, file bankruptcy, leave the US tax payer on the hook.
Best Buy has seen declining revenues the last 5 years (2020-2024).
They have over a billion dollars in long term debt that they aren’t touching.
Since 2020 Best Buy has spent $5.7 billion on stock buybacks and have paid out $3.1 billion in dividends.
I do not see how that is a wise strategy. They spent $8.8 billion on buybacks and dividends when their business model is failing.
It’s like they looked at Bed Bath and Beyond’s playbook and are doing the exact same thing.
