If ever there was a misleading sector for investors, it's electronics retailers. Companies look universally cheap in this space, but there are far more value traps than value plays here, and the Fool's Austin Smith warns that investors should be cautious.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Best Buy, GameStop, hhgregg, and RadioShack and is short RadioShack. Motley Fool newsletter services recommend Best Buy, GameStop, and hhgregg. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.