Best Buy And Intel: Undervalued, yielding over 2% and experiencing aggressive stock buy backs

Best Buy (BBY) is currently yielding 2.66%. We first looked at BBY in detail back in April then the stock was trading at $28.71.

The company repurchased approximately $1.2 billion or 33 million shares, which is
over 8% of the previously outstanding shares of the company during fiscal ’11.

During the first quarter (FY2012), BBY bought back $0.43 billion worth of stock,
representing 4% of the outstanding shares. The company has authorized an
additional $5 billion. This amount would represent over 50% of the outstanding
shares at today’s prices.

(INTC) is currently yielding 4.28%. We first looked at INTC in detail back in April when the stock was trading at $19.37. The current price is $19.64.

INTC started to aggressively buy back shares in the fourth quarter of last year
as shown below…………..
Read the full article at SA


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