May 12, 1999
Buy Buy or Bye Bye
Best Buy price (5/11/99): $47 15/16
It was the best of buys, it was the worst of buys, it was the summer of Duel content. Welcome electronics superstore shoppers to this week's Best Buy (NYSE: BBY) Duel. The fast-growing retailer has certainly lived up to its name recently with a surging share price. Every Fool loves Best Buy, right?
Nope. Paul Larson (TMF Parlay) and Chris Rugaber (TMF RFK) are Dueling Fools. Paul thinks the company will continue to earn its moniker while Chris is waiting for a refund.
Whose argument will you buy? Whose argument will you mark down? When you're done don't miss this week's Duel Flashback, where we take a look back at our Johnson & Johnson (NYSE: JNJ) Duel to see who ultimately shed no more tears.
You Get to Vote!
Once you've read the arguments and the rebuttals, it's your time to cast your vote. We'll tabulate results each week and revisit them from time to time to see whether you were right! As always, we invite you to join us in the Dueling Fools Message board to continue the duel.
[Any suggestions, comments, praise, or flames, please send them along to the Dueling Fools Team.]
Best Buy caught my attention last year when the company underwent a restructuring that had a startling impact on the company's profits. The retooling of Best Buy's operations also had a significant effect on the company's stock, which was one of the best performing stocks of 1998.
Best Buy may sell consumer electronic products at cheap prices, but its stock is as overvalued as yesterday's PC after the introduction of a faster generation of microprocessors.
Results for last week's Merrill Lynch Duel
|I can't make up my mind||
|TMF Edible's Bull argument||
|TMF Max's Bear argument||
|They were both excellent||
|They were both lame||