HHGregg Inc.’s horrid holiday quarter didn’t provide a compelling case for buying the retailer’s beaten-down stock.<br />
But close observers of the Indianapolis chain, which runs 227 stores in 20 states, see a potential ray of sunshine beyond the storm. They theorize that the Los Angeles-based private equity firm Freeman Spogli & Co., which began backing the chain way back in 2005, is preparing to pull the trigger on a sale, likely at a meaningful premium to where the stock trades.