Shares of Best Buy (NYSE:BBY) are up by 83% so far year to date. But with so much uncertainty about the company's ability to stabilize slowing revenue and same-store sales -- and with so many investors viewing this as a turnaround story facing serious headwinds in a disrupted retail landscape -- can this stock growth alone be the basis for an investing thesis? In this video, Motley Fool consumer goods analyst Blake Bos discusses how share price can become disconnected from the fundamentals of a company and talks about the real metrics that investors must focus on in order to know when the turnaround is taking place.
Blake Bos has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.