Best buy is an American corporation; it has its headquarters in Richfield, Minnesota. Internationally, the company operates in Canada and Mexico. The organization has been operational in china and Europe until when these foreign branches were shut down. Dealing with electrical gadgets, the company products include cellular phones that are commonly found in shopping malls. Best buy has taken some of the top positions such as the company of the year and even specialty retailer of the decade by Forbes and discount store news respectively.
Founded in 1966 by Richard Schulze, the company has had various transitions in its leadership to the current CEO; Hubert Joly. On a historical timeline, it is evident that it has undergone various changes such as name change, the introduction of the logo, acquisition of other companies and even the liquidation of the competitors. Just like other companies, it has had its share of allegations such as misuse of funds, poor credit rating and even being under the management of the board(A Best Buy timeline, 2017).
Answer the following questions:
"Should I buy this stock?" or, "Should I sell this stock?
2. Create 2 slides and a discuss these slides.
The two sides must include:
- An overview of the company, Best Buy
- Financial Statements for Best Buy, an overview of Best Buy and where it stands today financially, as well as, a comprehensive financial analysis using the company's financial statements ONLY. Always remember that the information presenting is to support idea of why to buy stock at Best Buy