Best Buy (BBY) is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.
I’ve done my share of shopping at Best Buy for computers, printers, etc. but I admit I’ve also checked out products at the brick-and-mortar stores, then went online looking for better deals (there’s a reason some refer to Best Buy stores as the online retailers’ showroom). Another complaint is Best Buy’s online assortment was lacking when compared to other competitors. The persistent fear is that Best Buy will not be able to compete in the highly competitive online space. I think this is why The Street is punishing the stock, sending its PE to historic lows ………. Continue reading at SA