I apologize. The headline is a bit misleading.
Best Buy released their earnings report today. The market's reaction was of the not good variety, which is something the more savvy Best Buy investors have grown to expect.
What do I mean? Well, investors who bought Best Buy stock 7 years ago (May 26, 2009) and held until today, have seen their investment grow roughly 0.4% in total (adjusted for dividends and splits). Oddly enough, this is similar to what short-term savers have earned in 3-month treasury bills over that period.
Risk vs. reward, baby. That's what I'm talking about.
Surprisingly, some aggressive risk-takers did make out like bandits loading up on Best Buy's stock yesterday though. That is, their stock of electronics.
May 23, 2016
Masked thieves tunnel their way into Hoover Best Buy, steal $100,000 in electronics
Rector said there have been similar attacks on Best Buy stores in Florida, Georgia and Texas. "We're pretty sure they're related,'' Rector said. "It's pretty big."
Thank you. Thank you very much. You've been a great audience. I'll be performing here all week. Sigh.
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