Best Buy Co. Inc 3 Months Price Target Q2 2011

March 29, 2011 - PRLog -- Recent price: 29.35$
P/E Ratio: 9.41
3 Months Target Price: See Full Free Report

Company Description
According to data provided by Reuters, Best Buy Co., Inc., incorporated in 1966, is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services. The Company operates retail stores and call centers and conduct online retail operations under a variety of brand names, such as Best Buy (BestBuy.com, BestBuy.ca), The Carphone Warehouse (CarphoneWarehouse.com), Five Star, Future Shop (FutureShop.ca), Geek Squad, Magnolia Audio Video, Napster (Napster.com), Pacific Sales, The Phone House (PhoneHouse.com) and Speakeasy. It operates in two segments: Domestic and International. The Domestic segment is consisted of the operations in all states, districts and territories of the United States, operating under various brand names, including, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and Speakeasy. The International segment is consisted of all Canada operations, operating under the brand names Best Buy, Best Buy Mobile, Future Shop and Geek Squad; all Europe operations, operating under the brand names The Carphone Warehouse, The Phone House and Geek Squad; all China operations, operating under the brand names Best Buy, Geek Squad and Five Star; all Mexico operations, operating under the brand names Best Buy and Geek Squad and all Turkey operations, operating under the brand names Best Buy and Geek Squad.

Recommendation
The company provided a revenue guidance for the year 2011 on march 24th that was better than what analysts were expecting. It is interesting to note that Best Buy Co. Inc is showing incredibly low valuations, the current stock prices assumes that there will be dismal if no sales growth for the years 2011 and 2012. There has also been a lot of downgrades from many prominent forms. What matters to us is that the stock is currently sitting at prices unseen since the last days of the bottom of the financial crisis in April 2009. This is a great entry point.

For the free complete report, visit:
http://www.investingconsultantresearch.com/2011/03/best-b...

© 2011 Investing Consultant Research.Com

# # #

At Investing Consultants Research, we proud ourselves in providing you with our best stock picking ideas of the quarter and how you can take advantage from them, whether you are a beginning investor or a high time day trader.