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When Best Buy, Inc. (NYSE: BBY) said during the recent holiday season that it was a very tough time in the retail industry, many believed it. Just a few short months later, the largest consumer electronics retailer in the U.S. went on to have a decent quarter in the midst of the current recession -- due in part to the vanishing of its largest direct competitor, Circuit City Stores.

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Best Buy (BBY) gets no love from Pali Capital analyst originally appeared on BloggingStocks on Fri, 17 Apr 2009 15:20:00 EST. Please see our terms for use of feeds.

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