hhgregg: Not Only Surviving, But Will Be Thriving
hhgregg is a regional appliance/electronics retailer that has been beaten down by over 60% in the last year. It operates all over the Eastern half of the United States. Investors are worried that the brick and mortar business model is dying, particularly in consumer electronics, and that HGG has a broken model. Its comp sales have been down for the last 3 years, Circuit City has failed recently, Best Buy is struggling and has also seen poor comps, Sears is on the ropes, and Amazon has been putting up 20%+ comps.