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Jim Cramer: If RadioShack Folds, How Will Best Buy Be Affected?

Ruben Ramirez
6/10/14 12:25 PM EDT
TheStreet's Jim Cramer does not know whether or not RadioShack will be able to turnaround its decline. There is a lot of skepticism about what happens if RadioShack goes away and what that could mean for Best Buy. Cramer looks back to when Circuit City folded to see how at that time, Best Buy had made one of its best moves ever. Cramer says it's a misconception to think that people who go to RadioShack don't go to Best Buy. Millions of people go to RadioShack, not as many as they used to, but this is very positive for Best Buy. Cramer also reminds investors that Best Buy just boosted its dividend by 12%. Cramer likes Best Buy at $32 a share.
Stocks in this video: BBYRSH

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