Anybody else like Best Buy? (bby)

[Shea]

Just bought in the morning 160 shares at $44.45. Currently trading at near its 52 week low of $43.50 or so. Is this stock screaming buy or what?
Accelerating store openings in China!

Financials

return of equity 23.1%
return of assets 10.0
return of Capitol 19.9
P/E 15.9

Be interested in getting thoughts from any of you kind people.

Also, thinking of adding Yahoo

Thanks in advance and good investing to you all!

Al Shea

 

[Hitman26]

I like this stock very much. Best in breed at a reasonable p/e.

 

[PercocetThreat]

Their industry is in a tough spot right now and it does not look to be improving any time soon. However, BBY is a great company and simply based on that it's tough to argue with your decision. Hope it works out, good luck.

 

[heart222]

I think there earnings and there thoughts about busines going forward were negitive thus the sell-off.

 

[Shea]

Sold this morning at $47.90 for a nice little profit of $3.45/share minus the $14.00 trading fees. Still believe the stock will trade in the 50's but looking to move the money into something that will move a little quicker. Anybody have any suggestions? Something that will douple in a week to ten days? ) May make a play on Jones Soda next week..not sure..Anyway, hope you all had a winning week and happy trading!

Al Shea

 

[Hitman26]

good job

 

[BASEHEAD]

You shouldve held on or just took some profit.BBY is now in the process of increasing its buyback program for the expressed reason of driving up shareholder value.When companies have solid insider buying its usually a good sign.