Don't Be an Idiot About This Stock

By Chris Hill – Jan 16, 2014 at 11:33PM

NYSE: BBY

Best Buy

Market Cap

$16B

Today's Change

(-0.36%) -$0.27

Current Price

$74.32

Price as of March 24, 2023, 4:00 p.m. ET

Don't let last year's performance fool you; no one should be looking at today's gutting of Best Buy stock as a buying opportunity.

In this video from Thursday's edition of Investor Beat, host Chris Hill, and Motley Fool analysts Tim Hanson and Morgan Housel, dig deep into the top investing stories from the market today.

Despite being one of the best-performing stocks of 2013, Best Buy (BBY -0.36%) was gutted on the market today, down over 25% after the company announced that the holiday season was both disappointing and "intensely promotional." In the lead story on today's Investor Beat, Tim and Morgan discuss what was behind the 2013 run-up for Best Buy, and just how difficult it will be for the company to continue to compete in the same space with Amazon (AMZN -0.59%) and Wal-Mart (WMT 0.82%). They also talk about why they don't see the stock as a value play even after today's fire sale.

Chris Hill owns shares of Amazon.com. Fool contributor Morgan Housel has no position in any stocks mentioned. Tim Hanson has no position in any stocks mentioned. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com. 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.