2024-01-26 13:02:16 ET
Summary
- Best Buy's stock has rallied in the last quarter despite declining revenue and lowered outlook for the current year.
- The company is facing challenges from shifting consumer trends towards online shopping and longer replacement cycles.
- Best Buy's high dividend payout ratios and negative free cash flow raise concerns about the sustainability of its dividend.
The stock market is rallying this year, but that doesn't mean that individual companies are doing materially better than last year. Some, in fact, are doing quite a bit worse: and in this bucket is Best Buy Co., Inc. ( BBY ), the declining consumer electronics retailer....
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Best Buy: Trends Continue To Decay