Specialists v Generalists #1

A recent post from Pali Research gives a good example of what we've known for some time - the generalists will ultimately win over the specialists. Stacey Widlitz at Pali published a note [registration required] last Thursday saying that their No. 1 concern for Best Buy, beyond the macro environment, 'was the potential for share loss to the discounters'. 'Over Thanksgiving weekend', the note goes on to say, 'we noticed both stronger traffic and conversion in Wal-Mart electronics departments relative to the Best Buy stores we visited'.