Today, hhgregg, inc (NYSE: HGG) announced a massive bittersweet insurance payment connected to the death of its Executive Chairman of the Board: (emphasis added):
hhgregg, Inc. (the “Company”) received $40 million of insurance proceeds related to the untimely death of its Executive Chairman of the Board and former Chief Executive Officer, Mr. Jerry W. Throgmartin. The insurance proceeds were related to a key man life insurance policy that the Company held on Mr. Throgmartin. Of the $40 million of . . .
→ Read More: hhgregg: Massive One-Time Insurance Receipt ($HGG)
Back the truck up Mavis. Electronics retailers are cheap.
Dirt cheap. Historically cheap. Do my eyes deceive me cheap. Wal-Mart rollback cheap. Groupon cheap (the deals, not the IPO). You get the picture.
I’ve written about how Best Buy (NYSE: BBY) is a shareholder-friendly value stock, and about how Radioshack (NYSE: RSH) represents a remarkable value opportunity. I’ve gone on at length about how these companies have long track records of earning exceptionally strong returns and free cash . . .
→ Read More: hhgregg Inc: A Hhelluva Deal. Value Price with Growth Performance ($HGG, $BBY, $RSH, $GME)