Saj Karsan
Long only, deep value, contrarian

Best Buy's Dip Is A Great Opportunity

It was with a heavy heart that I sold my shares of Best Buy in October. Though I had great confidence in new management's ability to continue to improve operations, the company's share price was near fair value in my estimation, and I don't like to own companies without a margin of safety. Since that article in October, however, Best Buy's (NYSE:BBY) shares are down 43%, offering up another opportunity to own this company at a discount to its intrinsic value.

Bricks and mortar consumer electronics retailers are not at all popular with investors today. But it is in the most hated industries that the best bargains can often be found. In my estimation, Best Buy...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details