While running a screener searching for financially healthy companies that provided excellent returns on capital employed I stumbled upon Best Buy. In this post you can find the reasons why I think there could be a great buying opportunity in Best Buy at the moment. Pros: here I will first start with some comments about the business itself and then I will get into the financials of the company through an analysis of some ratios. The company adapted really well to the "pandemic environment" through their online store and their store pick-up model. They were able to retain 70% of their sales during the first month of lockdowns, which is really impressive considering that in the end Best Buy is still considered a retail business. Best Buy is expanding changing their business model to accommodate more online sales and transition away from the dependency on their brick and mortar stores. For example, they are focusing more on the servicing of their clients'...
In this blog you can find some analyses I made on companies and possible investment opportunities.