Excellent Best Buy Quarter
Best Buy (BBY) yesterday morning reported an excellent fiscal year 4th quarter ended February 27, 2010. US same store sales increased 7.4% and overall revenue was up 12% year over year. Net income was up 14%. It was a record breaking quarter all around.
More support that we are in some sort of a recovery.
Disclosure: Top Gun is short shares of Best Buy (BBY).