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What an ugly quarter for BBY. Without the gift card breakage improvement this Q would have been even uglier. I think this is a good company, a "best of breed", but am no longer sure that I would invest here. Think down the road, what if their breakage estimate was wrong and they have to restate these earnings. How did they let the SG&A get so out of control? It isn't like this should have surprised them. Warning lights and sirens are going off all over this one...


Cramer reportedly noted on his radio show that expenses "got out of control" and hurt Best Buy's third-quarter results. But expenses can be cut, he said. It is demand he is more concerned with, and demand is strong, he said, adding that he would buy the stock.

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