Goldman Sachs Struck By Market's "Sharp Reaction" To BBY Results

Goldman Sachs reports that it has been “struck by the market's sharp reaction to Best Buy Co. Inc.'s BBY recent results, notwithstanding very valid strategic concerns – which we share – about the company's strategic positioning, most notably the sustainability of its margins in an era of pricing transparency, and the suitability of its real estate as its need for space diminishes.” Best Buy closed Monday at $29.35.