Best Buy: Set To Thrive

Jan. 05, 2022 4:28 AM ETBest Buy Co., Inc. (BBY) StockBBY12 Comments

Summary

  • Best Buy is set to thrive as the company moves beyond the big comp sales boost.
  • The retailer has massive cash flows and a strong cash balance to repurchase outstanding shares at a fast clip.
  • The stock is cheap with a 10 PE and a net payout yield topping 10%.
  • Looking for a helping hand in the market? Members of Out Fox The Street get exclusive ideas and guidance to navigate any climate. Learn More »

Geek Squad van parked at Best Buy

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The retail sector took a massive hit to end 2021 as some initial retail sales numbers panicked the market, yet retail sales rebounded strong for the holiday period. Best Buy (NYSE:BBY) is poised

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Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BBY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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