Best Buy is in a death spiral. Or so Jeremy Phillips believes. In this video, Jeremy outlines why he thinks Best Buy won't recover from its 50% stock-price decline. One major reason: Best Buy doesn't offer added value to its products for its customers. Other analysts, meanwhile, see Best Buy as a dirt-cheap value play. Jeremy disagrees and sees Best Buy going the way of RadioShack and J.C. Penney.
Free Article
Why Best Buy Will Never Be Great Again
By Jeremy Phillips and Austin Smith
–
Mar 17, 2013 at 5:00AM
NYSE: BBY
Best Buy
Market Cap
$16B
Today's Change
(-0.70%) -$0.54
Current Price
$75.75
Price as of April 16, 2024, 2:38 p.m. ET
This cornerstone of American commerce is in an accelerating train wreck that can't be stopped.
Austin Smith has no position in any stocks mentioned. Jeremy Phillips owns shares of Amazon.com. The Motley Fool recommends and owns shares of Amazon.com. 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.
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