Best Buy Company, Inc. NYSE: BBY Consumer Discretionary: Services: Retail (Technology) 1,000 Shares | Current Price: $30.18 | Impact: $30,180 Bond Rating: BBB- BUY Recommendation April 14th, 2003 Best Buy is a good buy for us! · Well Positioned: In the hopes of a recovering economy and potential post -war economic boost, Best Buy is positioned to capitalize on expected prosperity far better than any of it’s competitors. It’s real-estate exposure, solid reputation, and evolving product line have placed it in a position to outperform the closest competition. Analysts: Brian Busby: 469.951.9231 · Shifting Product Sales Mix:
[email protected] Recognizing the change in their retail environment from low-margin Scott Krouse: CD’s and movies to higher-margin digital products, Best Buy is ahead of 214.563.7045 the pack in redesigning it’s stores and sales focus. With the inevitable
[email protected] growth and built in obsolescence of products like HDTV, computer hardware and software, digital camcorders, and cellular technology, Best Buy is a company that is set to prosper in the near future. Share Price (04/10/03) $30.18 · People will buy TV’s again: 52 week range $16.99 - $53.15 Best Buy’s product mix includes relatively inexpensive discretionary products. When the market does begin to recover, whether it be soon or Key Numbers & Ratios: in a year, these are the first products that people will resume buying. BBY Industry Best Buy’s beta of 2.19 indicates that when times do improve this Shares Outstanding 321.73 company will benefit two-fold.