matjone Posted February 27, 2011 Share Posted February 27, 2011 Has anyone bought or considered buying Best Buy? They are selling at under 10x earnings right now but I have been working too much to look into it. Link to comment Share on other sites More sharing options...
txlaw Posted February 27, 2011 Share Posted February 27, 2011 I've thought about it, but I'm worried about their competitive positioning in the US. Amazon, Walmart, Target, and other retailers are making life difficult for Best Buy. I recently read that they are considering changing their pricing strategy to become more like Walmart. What will that do to its margins? The Best Buy mobile strategy is interesting, but I have also heard that Apple is considering incorporating a Universal SIM card into its devices so that you go through the Apple website to activate a service plan rather than to a retail store. What happens to their strategy of selling more services per square foot if that gets adopted? It's gonna have to go lower for me to get interested. Link to comment Share on other sites More sharing options...
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