Today’s article explains why, although Best Buy’s stock is down now, it may be time to buy some Best Buy. Here’s what they had to say, “Price cuts at Best Buy have produced a long decline in merchandise profit margins, but cuts to corporate expenses, including through layoffs, have helped make up the difference. Earnings per share for the fiscal year through January are expected to rise 18% to $2.44. Shares trade at 14 times that figure. Best Buy holds $4 a share in net cash. The dividend yield is 2.2%.” To read more, CLICK HERE.
Best Buy Stock May Be A Great Buy
- by Bob Mitchell