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Best Buy Co., Inc. (BBY) [hlAlert]

Rating:
Sell BBY
down 34.35 %

Best Buy Co., Inc. (BBY) rated Sell by McAdams Wright Ragen

Posted on: Tuesday,  Apr 3, 2012  8:25 AM ET by McAdams Wright Ragen

McAdams Wright Ragen rated Sell Best Buy Co., Inc. (NYSE: BBY) on 04/03/2012, when the stock price was $23.50.
Since then, Best Buy Co., Inc. has gained 52.34% as of 12/30/2015's recent price of $35.80.
If you would have followed this McAdams Wright Ragen's recommendation on BBY, you would have lost 34.35% of your investment in 1366 days.

Best Buy Co., Inc. (Best Buy) is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The Company operates retail stores and Web sites under the brand names Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com and BestBuyMobile.com), The Carphone Warehouse (Carphone Warehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com). It operates through two business segments: Domestic and International. The Domestic segment consists of the store, call center and online operations in all states, districts and territories of the United States operating under the brand names Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Speakeasy. The International segment is comprised all Canada store, call center and online operations, under the brand names Best Buy, Best Buy Mobile, Future Shop and Geek Squad.

At the heart of our company is a belief that a disciplined value approach to investing can lead to superior investment returns. While many other firms have reduced their commitment to research since the compensation link between corporate finance and research was severed a few years ago, we continue to invest heavily in our research department. Our research is solely targeted at providing our retail and institutional clients with good investment advice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/3/2012 8:25 AM Sell
None
23.50
as of 12/31/2012
1 Week down  -2.42 %
1 Month up  9.61 %
3 Months up  31.10 %
1 YTD up  49.57 %

(*) Stock Price at the time of the recommendation.
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