I will buy a stock in Best Buy Incorporation. Best Buy is the biggest consumer electronics outlet in the United States. The company operates more than 3,900 stores throughout North America, Europe, China, and now Mexico. Best Buy stores sell a wide variety of electronic gadgets, movies, music, computers, and appliances. In addition to selling products, the stores offer installation and maintenance services, technical support, and subscriptions for cell phone and Internet services. Thus because technology is constantly used in our society, it should be a good incorporation to trust in buying a stock; Best Buy's "Geek Squad" adds to the safety and reliability of buying electronics. Over time, technology will only continue to grow, thus people will have to rely more on it, thus Best Buy should be the way to go. According to yahoo finance, Best Buy's stock day's range lies between 44.77 - 45.10 and it is presently at 45.01. It had previously closed ate 44.89 and opened the next time at 45.00. This has been the successful trend of Best Buy for quite some time now, and I am not that surprise. Because many people have been buying flat screen televisions and other updated electronics and Best Buy has the best warranty, customer service and prices, I will expect their stock to be successful and hence, it is. According to statistics taken from Best Buy's incorporation, from February 2010 their sales are approximately $50 million with a one-year growth of 10.4% and a income growth of 31.3%. Robert Walberg goes on in saying, "Best Buy’s stock is also a good investment, even after a 10% bounce since the earnings news. Don’t be surprised if the company keeps beating expectations."
-Britney Mercer-
This is a good decision because its major competitor circuit city has gone out of business. Technology is expanding and thus the stock is soaring to an the income 31.3%. I agree that the geek squad is a great addition because it is consumer friendly. However I am worried about bootlegging mp3s and movies are next. Regardless, I would buy stock because Best Buy has all your technological needs at affordable prices. They get the latest releases and continue to grow.
ReplyDeleteMichael Mandel