Best Buy Revisited

Pundits who’ve been betting against Best Buy may now be having second thoughts.
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Pundits who’ve been betting against Best Buy may now be having second thoughts.

Forbes, which helped usher in the competitive sport of Best Buy bashing during Holiday 2011, posted a blog about two analyst upgrades that put the CE chain in a new light.

In their reassessments, Barclays’ Alan Rifkin and Stifel Nicolaus’ David Schick tick off a litany of positives, including:

  • vendor support to offset Amazon;
  • popular alternatives to Apple products;
  • opportunities in e-commerce, smart appliances and real estate reduction, and;
  •  “vastly improved” management under Hubert Joly.

Their last but certainly not least observation – increased demand for CE – bodes well for the entire electronics industry, as does a strong and healthy Best Buy.

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