Friday, December 14, 2012

"Best Buy Stock Apparently Not A Best Buy"

Shares of Best Buy have 50% less value now than they did a year ago, including a recent 15% plunge. The main contributors to this decline seem to be bigger competition in technology retail, including the likes of Wal-Mart, Amazon and even Target.  It seems to me that as Best Buy continues to falter, those companies will take Best Buy's spot as leaders in tech retail. I don't think that Best Buy will fall apart just yet, but I do think the giant is on it's last legs and probably won't recover to it's former glory.

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