BBY
Best Buy Co Inc
Consumer
05/11/2015
Presented
| Date | 05/07/2015 |
| Price | $36.12 |
| Market Cap | N/A |
| Ent Value | $10.46B |
| P/E Ratio | 10.2x |
| Book Value | $14.21 |
| Div Yield | 2.55% |
| Shares O/S | 352.33M |
| Ave Daily Vol | 4,610,000 |
| Short Int | 7.92% |
Current
| Price | $97.57 |
| Market Cap | $20.95B |
| Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics consisting primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories. The company's stores also provide computing and mobile phone products, including notebook and desktop computers, tablets and e-readers, mobile phones and related subscription service commissions, and related accessories; entertainment products, such as video gaming hardware and software, DVDs, Blu-rays, CDs, digital downloads, and computer software; and appliances, including large and small appliances, and kitchen and bath fixtures. It also offers extended warranty service contracts, technical support, product repair, delivery, and installation services, as well as offers snacks and beverages. The company operates e-commerce, retail store, and call center operations under various brand names, including Best Buy (bestbuy.com), Best Buy Mobile, Geek Squad, Magnolia Audio Video, and Pacific Sales, as well as operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen, and Home store-within-a-store experiences. As of January 31, 2015, it had 1,700 large and small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota. |
Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Best Buy Co Inc (BBY)
Highlights
The presenter thinks "major misperceptions" exist around Best Buy (BBY), including how the business is performing and whether it is still losing share to internet competition. He is long the stock and believes many of the issues the retailer has faced are no longer material headwinds. In addition, demand for ultra high definition TVs could drive a longer TV cycle than anyone is expecting, and help sustain positive comps. With plenty of cash on the balance sheet to support the current valuation, the risk/ reward setup appears to be very favorable for bulls.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.