Best Buy Gets New CEO

Best Buy has itself a new CEO in Hubert Joly, formerly of Carlson Hotel chain.  On the news of this, the stock has dropped over 10% on the news.  Tomorrow the company reports its quarterly earnings which may send the stock plunging even further sending it into the bargain basement level of fellow stock of Staples. 

I still stand firm on my belief that Best Buy is on its last legs and possibly be out of business by the end of this year or middle of next year.  I also believe that Staples is heading in that same direction and may be out of business itself by end of 2013.  Both of these companies deserve to disappear and be only time before it actually happens. 

I will keep you all updated on the continuing downfall of Best Buy and the inevitable downfall of Staples.  Stay tuned friends!