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Tuesday, December 13, 2011

Potentially Oversold Level Reached (NYSE: BBY)

Shares of BBY fell by 10.19% or $-2.86/share to $25.21. Best Buy Co. Inc. is trading at a price to book ratio of 1.69. The PEG is 1.02 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.2. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 6791400 shares of BBY exchange hands on a given day and today's volume is recorded at 3173235. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

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