(1888PressRelease)
March 24, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Best Buy Co., Inc. (BBY). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Best Buy investor.
Report Summary: US electronic retailer Best Buy Co., Inc. reports fiscal fourth quarter results on 26th March. The company is in a strong position in its home market due to the recent collapse of rival Circuit City allowing Best Buy to capture market share. However, with the US economy in recession, the market for consumer electronics remains weak. In the fiscal month to January 3rd, Best Buy reported a 4% rise in total revenues, while comparable store sales fell 6.8% in the domestic market and 4.2% internationally. However, the recession that set in during 2008 has not deterred Best Buy from investing heavily both overseas and in the domestic market.
The company opened 138 new stores in the US and 56 international stores, including 25 in Europe in the year to January 3rd. When the company announces results on 26th March, investors will be looking at both whether the company intends to continue this rapid expansion and the company's initial fiscal 2010 earnings guidance. Nevertheless, given the weakness in the US economy, investors should be seeking solid long-term undervalued investments. In order to assess whether Best Buy is a good long-term investment, we should focus on the company's long-term fundamentals. We can assess Best Buy's fundamentals through the use of the StockMarks framework. Best Buy currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 66, rating above the US market average. This rating places Best Buy fourth among eight of the company's closest US-listed peers, selected on the basis of similarity of business and market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Best Buy for long-term investors.
A summary of the StockMarks™ ratings for Best Buy is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=BBY&cod_country=125
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=125
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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