stock analysis report
...quarterly sales. In 1998, Best Buy’s sales per share were only around 49.49, today almost 4 years later it is around 90.70. Value line experts expect it to increase well above the 140 mark in the next 3 years. Earnings per share have not sky rocketed, but they are also steadily increasing. As of now EPS is at 2.20 and experts see it around 4.40 in the next few years. Finally, quarterly sales have also been on the rise for this company. In 1998, the company grossed 10078 million its fiscal year, last year in 2000 the company grossed Analysts fell that all the growth in Best Buy is in part due to the new acquisitions, and large markets that BBY has not yet entered. Analysts believe these factors will have ample expansion opportunities for the company. Musicland ( Sam Goody stores ) and Magnolia Hi-Fi (high-quality audio/video equipment) are expected to expand the Best Buy Company. This will include the expansion of already existent stores and hundreds more new stores. Experts say that the new stores will provided sufficient growth opportunities through out the next few years. As we all know the economy has not been well at all over the past few months, and certainly last weeks terrorist attacks did not help. The economy continues to move stagnantly, the Feds are expected to cut the interest rates again, which will make a total of seven times already this year. In the retail industry, consumer confidence has also dropped and that must-have desire for clothes seems to be missing at the moment. Analyst say that with the next drop in the interest rates, the lower energy cost, along with the tax rebates should help the economy in the second half of 2001. Among its industry peers Best B...