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Best Buy’s Implosion was Predictable

Reading all these articles and sell-side notes today on how analysts and journalists were “stunned” and “shocked” at Best Buy’s holiday sales report leave me a bit perturbed.

Brian Sozzi, CEO and chief equities strategist for Belus Capital Advisors, said Best Buy’s results were "shocking." Source

There were at least a 1/2 dozen clear data-points in the past few weeks that pointed to the increasingly promotional environment and weak consumer electronics sales trends. It shouldn’t have been surprising at all. Obviously none of these so-called experts follow me on Twitter.

Read some of the data-point tweets below:

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  • fanatic

    Since when has the sell side had to deal with reality?