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Clumsy Rick, CFA
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A former sell-side analyst covering consumer discretionary stocks, now researching and investing full-time while seeking an analyst role at an asset management firm.
  • BBY Again Enters Buyout Territory 0 comments
    Dec 15, 2010 3:02 PM | about stocks: BBY
    On Sept 2, when Best Buy was near its 52-week low, I posted an article about why Best Buy was a great "Buy" and fit the description as a strong takeover candidate. With the stock now round-tripping up to nearly $45 and back down to $35.50, BBY is now back to trading at an extremely low valuation for multi-billion dollar category-killing retailer.  At 3.3x EBITDA, the valuation is even cheaper than it was in early September and since the we have seen a couple takeovers in retail at much higher multiples (GYMB=6.8x and JCG=8.6x).  All the same reasons stand from the earlier article, which suggest my original view is as relevant now as it was then: 

    seekingalpha.com/article/223473-best-buy...;
    Stocks: BBY
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