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

Rating:
Buy BBY
up 29.58 %

Best Buy Co., Inc. (BBY) rated Buy with price target $42 by Standpoint Research

Posted on: Tuesday,  Aug 24, 2010  11:25 AM ET by Standpoint Research

Standpoint Research rated Buy Best Buy Co., Inc. (NYSE: BBY) on 08/24/2010, when the stock price was $31.98. Since then, Best Buy
Co., Inc. has gained 29.58% of its value until Standpoint Research rated BBY Hold on 10/13/2010, when the price was $41.44.
If you would have followed this Standpoint Research's recommendation on BBY, you would have gained 29.58% of your investment in 50 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2010 2:25 PM Buy
None
35.30 42.00
as of 12/31/2010
1 Week up  2.21 %
1 Month down  -0.53 %
3 Months up  0.96 %
1 YTD up  29.05 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/13/2010 2:25 PM Hold
None
41.44
8/24/2010 11:25 AM Buy
None
31.98 42.00

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