Best Buy Now Down 6%, Stock Is Completely Broken (BBY)

Things have not been going right for Best Buy

for sometime. After repeatedly disappointing investors in 2010, the company has done it again with its most recent quarterly earnings results and guidance. Best Buy (

) issued disappointing earnings guidance for for fiscal 2012, saying that it expects EPS in a range between $3.30-$3.55 per share, which compares to analysts' consensus estimates of $3.56. The company also missed revenue expectations in the most recent quarter, reporting $16.2 billion in revenue versus estimates calling for $16.3 billion. This, unfortunately, is not going to cut it. This company is in serious trouble and sinking fast. The stock after initially trading higher, has now lost more than 6% to $29.90. Best Buy's share price performance continues to be abysmal, as the stock has lost more than 12% year-to-date and more than 27% over the last 52-weeks. On the 5-year chart, BBY is down 45%. It could be lights out for this company if it doesn't make some drastic changes in a hurry.