The Analysts Say Pass on Best Buy (Video Included)

Best Buy

Its tempting to pick up shares of Best Buy Inc. (NYSE:BBY) on word they hit a new 52-week low and trading at $30.  However the consensus says wait for shares to get cheaper.

(Benzinga.com) Best Buy Now Down 6%, Stock Is Completely Broken (BBY)
Best Buy's share price performance continues to be abysmal, as the stock has lost more than 12% year-to-date and more than 27% over the last 52-weeks. On the 5-year chart, BBY is down 45%.

It could be lights out for this company if it doesn't make some drastic changes in a hurry.


(Barrons.com) Black Eye for Best Buy
Though disappointing quarterly results sent the electronic retailer's shares to a 52-week low, we'd resist bottom-fishing.

Though Best Buy stock hit a 52-week low Thursday and looks cheap trading at nine times expected forward earnings, the company is facing a host of challenges.

 

(theStockMasters.com) Best Buy Shares Could Fall More
Best Buy Co. (BBY) shareholders are doing anything but jumping for joy today.  Best Buy shares just sunk to a new 52-week low of $29.85 after reporting their Q4 profit fell 16%.

Barron's is out with a story titled 'Black Eye for Best Buy'.  The company is struggling and the Masters believe the stock could dip lower.

Additional detail on Best Buy:


WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details