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The market may not instantly reward
(BBY - Get Report) for what it's doing. Yet, it is clear that even when Best Buy is fighting a company that's fire-saling product --
(CC) -- the profitability is still there for this great retailer. In fact,
I think that what will sift through the quarter is a little Pyrrhic. You can see plenty not to like.
But the only real takeaway is that this company has immense profitability in a most challenging environment of falling home values, a lack of people moving house and a vicious wounded competitor. It will take a long time for Circuit City to collapse, though, because it still has $4 per share in cash.Would I buy Best Buy here? Sure. Just don't expect much until Circuit City is finished blinking. But this BBY stock is beginning to remind me of J.C. Penney (JCP - Get Report) when Federated (FD) decided to consolidate with May. You got a very big move before and during the collapse of the competitor. The same could be happening here without a problem. Random musings: I hope you enjoy tonight's "Mad Money" from Indiana University, which is a great school. My guest -- and IU alum -- Mark Cuban and I disagree on investing, could be some fireworks. Always is with Cuban.