Best Buy

Background Information


  • Best Buy was incorporated in 1966.
  • The company was founded by Richard Schulze in 1966 and called Sound of Music before the name changed to Best Buy in 1983. Hubert Joly is the president and chief executive officer for Best Buy.
  • Best Buy has five subsidiaries: Future Shop, Geek Squad, Magnolia, Pacific Sales, and Speakeasy.
  • Best Buy competes in the electronic store industry.
  • The chief competitors are Gamestop [GME], Conns Inc. [CONN], RadioShack Corp. [RSH], Appliance Recycling Centers of [ARCI


Factors of Production

  • Best Buys top-rated products include TV & Video Audio, GPS, Cameras, Camcorders, Computers, Music, Movies, Books, Video Games & Gadgets, Home Appliances and Mobile Phones
  • From initial consultation all the way to trade-in time, Geek Squad provides expert support for computers, home theater, digital cameras and more.
  • At the end of fiscal 2011, Best Buy employed approximately 180,000 full-time, part-time and seasonal employees.
  • The company’s market capitalization is $14.54B.

Financial Information

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Best Buys sales have been down, but are coming back up now. This is due to cost-cutting and an improved web strategy.

Stock Information

  • Best Buy's symbol is BBY. NYSE is the stock exchange Best Buy trade under.
  • Best Buys volume is 6.45M.
  • The 52 week low is $23.87. The 52 week high is $42.00.
  • Right now, The last stock was split on its trading is at $41.43.
  • The last stock was split on August 4, 2005.
  • Arie Goren thinks this is a good stock to buy because Best Buy is going to get an advantage from the fact that its competitor RadioShack is closing some of its stores after filing for bankruptcy.
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News Articles

Best Buy Opens Wedding Registry in Bid for New Sales

was an article written by the Associated Press. It states that Best Buy, the nation’s largest consumer electronics chain, has started its first wedding registry, catering to couples interested in the latest devices, from flat-panel TVs to Apple iPads. The site is www.BestBuy.com/WeddingRegistry. I think this increased its stock prices.


Best Buy Outlook Overshadows Holiday Sales Gains


was written by Hiroko Tabuchi on JAN. 15, 2015. The company said that holiday-season sales in the United States grew by 2.6 percent as brisk sales of flat-screen TVs and smartphones offset limp demand for tablets. But the retailer said it expected electronics demand to wane in the new year. The company’s shares closed $5.61, or 14 percent, lower at $34.30. This decreased its stock value.

Summary

Knowing the information I’ve researched, I would not still purchase this stock. I have lost almost $5000 from the Stock game so far. I have learned to not invest a lot of money in stocks because I do not choose good stocks to invest in.