Three Different Ways to Earn with the Retail Industry: Best Buy Co
Best Buy co
is a U.S. consumer electronics retailer. Its stocks are trading 50% off their
peak values primarily thanks to the general market correction. BBY shares
gained 19% every year in the last decade, while the S&P 500 broad market
index performed 10% on average. So, the current sell off of the company’s
stocks could be considered as a good opportunity to buy them at attractive
prices for long-term investments.
Home
appliances were in great demand during the pandemic. So, it is hard for the
retailer to post additional profits amid already elevated demand. However, the
entire model of consumption has changed during the pandemic. People are more
inclined to invest in home entertainment and upgrade their appliances and this
trend is likely to continue into the foreseeable future.
Best Buy
management is constantly reducing the free flow of its shares in the market. It
spent $3.5 billion on buy backs during the fiscal year of 2022. Moreover,
investors will get $3.52 per share as a dividend.
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