Best Buy Co. Inc. (NY: BBY)
24.30 USD  -0.17 (-0.72%)
Streaming Delayed Price  /  Updated: 12:21 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(BBY) Community Analysis from
April 17, 2014
(Jutia Group, 1/17/14)
Don’t for a second believe consumer spending in the U.S. economy is improving! J. C. Penney Company, Inc. (NYSE/JCP) has announced it will be closing 33 stores in the U.S. economy. By doing this, the...(read more)
(Jutia Group, 1/16/14)
[at MarketWatch] - Brendan Conway takes a look at which stocks traders will be watching during market action, including Best Buy, BlackRock, and American Express....(read more)
(Stock Blog Hub, 12/7/13)
In December 1996, I sold a big position in Best Buy (NYSE: BBY) at a loss. I still consider it one of the most boneheaded investment moves I ever made. A year later the...(read more)
Best Buy (BBY) Company Overview

Best Buy (NYSE:BBY) is the largest U.S. consumer electronics retailer by revenue, with $40 billion in net sales in fiscal 2008.[1] However, the global economic slowdown has affected consumer behavior creating a difficult climate for the sale of electronic devices, which tend to be discretionary purchases susceptible to downturns. Best Buy's primary competitor in the electronics retailing market, Circuit City, has been struggling since 2006, posting a $321 million net loss for FY08[2] and filing for bankruptcy in November 2008.[3] Although Best Buy stands to benefit by taking Circuit City’s market share, the economic malaise has been resulting in lower-than-expected revenue for the consumer electronics giant. The strengthening of the dollar has also hurt revenue and profits tied to the company's international segment - operating margins for the international segment were 2.4% in 2008 compared to 5.4% company-wide.[4] [5] However, Best Buy has had significantly higher operating margins from its Installation and Repair Services segment, 10-20%,[6] because it is not as sensitive to recessions since most people at least occasionally have trouble with electronics and its services are regarded more as a necessity than a commodity, allowing the company to raise prices.

(Read more at Wikinvest )

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