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Friday, October 7, 2011

Excellent Stock Value (NYSE: BBY)

Shares of BBY traded higher by 3.11% or $0.755/share to $25.02. Best Buy Co. Inc. is trading at a price to book ratio of 1.46. The PEG is 0.74 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.17. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 7552420 shares of BBY exchange hands on a given day and today's volume is recorded at 3081017. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services.