This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

How Best Buy, JCP Are Like the Edmonton Oilers

It's difficult to avoid anger when you sense a lack of proper risk taking and killer instinct at a Best Buy or JC Penney. I'm not talking the type of anger you seethe with as you attempt to make sense of the senseless acts that went down in Boston Monday afternoon. I'm talking sports fan, stock market, tech geek-related anger. The type of stuff that, in the grand scheme of things, doesn't matter much.

But, in our world of diversions from cold, hard reality, it does matter. It matters quite a bit.

I would love nothing more than to lead the cheers for Best Buy and J.C. Penney. However they run in one wide-ranging space -- retail -- and two respective sub-sectors -- consumer electronics and the department store -- that do not appear to have even taken the preliminary steps for success the Edmonton Oilers franchise has taken.

At least Edmonton has put an encouraging core in place -- a solid group of 18, 19, 20, 21, 22-year old future superstars, all-stars and MVPs -- that spells right track. These boys play with fire and intensity. Now Oiler fans just have to hope the old management guard can either get the job done or bring in additional bodies who can.

It appears, at least to me, that Best Buy and JCP have not even come this far. What makes it all the more concerning is that neither company truly acknowledges what it's up against. The need to not only tear it all apart and put it back together again, but to do so in a wholly radical way that sets the course for the type of game changes we have seen Apple (AAPL) and Amazon.com (AMZN) implement over the years -- not carbon copies but similar. Those same game-changers pushed companies like BBY and JCP to their present, relative irrelevance.

If Best Buy and JCP show this type of life, I'll be the first to not only board, but take tickets on the bandwagon. It won't even bother me if they fail and fail miserably. That would be a heck of a lot better than the equivalent of not evening making a truly aggressive go of it at all.

--Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,985.61 +78.99 0.47%
S&P 500 1,972.83 +9.12 0.46%
NASDAQ 4,419.0340 +27.5710 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs