I don't think anyone can feel good about the company's prospects, even those with the most optimistic outlook. Speaking of which, Best Buy's management opted to not provide an outlook for the rest of the year. You can draw your own conclusions from that. But what it tells me is that management does not have a pulse of the company nor the confidence to project how it plans to execute. So it would seem that Schulze's offer just might be more appealing at this point than previously thought. I'm also inclined to think it is possible the company's unwillingness to issue guidance could be a strategy aimed at not disrupting its valuation too much in the event that it again underperforms in the next quarter. I don't think another miss would come as a surprise to anyone at this point. The only surprise here is the company is making this decision harder than it needs to be. Clearly, it is not going to beat Wal-Mart at its own game. Competing with Amazon? Forget about it. Can Joly manage the company well enough that it does not reach a point where "saving it" is no longer an option? Will Schulze sit idly while watching his personal wealth erode? I think there are a lot of similarities here with what happened recently at Yahoo! ( YHOO) when Marissa Mayer took over at the urging of a disgruntled shareholder Daniel Loeb. Best Buy's life is at stake, and it should seriously consider taking the offer that is now on the table from Schulze and apply a strict policy of no exchanges and no refunds. The stock is down 50% from where it was a year and a half ago at $36. Now trading just under $18, investors should begin to wonder, what is to stop it from going into single digits by this time next year? I think this is what Schulze (as noted, its biggest shareholder) understands. If $26 per share is considered, Schulze would be offering a 44% premium for Best Buy above its current valuation. Hmmm. Let's see, on one hand you have 44% above market value and on the other hand you are looking dead in the face at Wal-Mart and Amazon -- and for good measure, let's throw in hhgregg ( HGG). Best Buy shareholders should take this deal and not look back. Follow @rsaintvilus At the time of publication, the author held no position in any of the stocks mentioned. This article was written by an independent contributor, separate from TheStreet's regular news coverage.