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.

( 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.

( 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.


( 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:

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