2 Reasons to Consider Best Buy Stock
There's no comeback story in retail quite like Best Buy's (NYSE: BBY). The stock has surged by more than a factor of five since bottoming out at the beginning of 2013. The consumer-electronics giant has slashed costs, made major investments in the online business that have paid off, and shown improvement in comparable sales growth. As a result, profits have soared, and the stock price has followed suit.
With shares of Best Buy now sitting right around their all-time high, the stock isn't nearly as cheap as it was a few years ago. But that doesn't mean it's still not worthy of your investment dollars. Here are two reasons why investors should consider putting Best Buy in their portfolios.
Source: Fool.com