Best Buy Remains Confident as 1Q Profit Drops
Excerpt from the InvestorGuide.com Stock of the Day on 6/16/2009

Best Buy may be able to surpass Wall Street's expectations and claim the number one spot, but sales at the electronics chain are far from impressive. The largest electronic chain reported on Tuesday that first-quarter profit fell 15%. For the period ended May 30, Best Buy posted income of $153 million, or 36 cents a share, down from $179 million, or 43 cents a share, a year earlier. The latest quarter included six cents a share in restructuring charges. What factors led to this decline? How does Best Buy believe it will perform in the coming months? More >

Nortel Networks Cuts More Jobs After Devastating Quarter
Excerpt from the InvestorGuide.com Stock of the Day on 11/10/2008

The economic downturn, more appropriately known as the global financial crisis, has had a disastrous effect on more industries than one can count, resulting in major operational overhaul as companies try to get a grip on their resources and cut costs. Today brings news of another company hit hard by weak sales and disappointing earnings, forcing drastic changes to the way it operates. Nortel Networks, the largest manufacturer of telecommunications equipment in North America, has announced another round of sweeping job cuts as it grapples with its balance sheet. This company's strategy to turn things around involves a large scale effort to cut costs across multiple departments. Is Nortel trying to head off further losses by making such widespread changes or do they need to make up for lost time? More >