Still, Janney Capital Markets analyst David Strasser said Best Buy is moving on the right track.

FORBES: Did Black Friday Save Best Buy's Earnings?

"We have to believe that this remains a company in trouble, " Banc of America Securities analyst David Strasser said in a recent report.

FORBES: Magazine Article

Best Buy "did not go deep enough discounting in TVs on Black Friday, " David Strasser of Janney Montgomery Scott said in a note to investors, adding, "We believe the mass merchants, " particularly Target Corp.

WSJ: Best Buy's Profit, Sales Retreat