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Wednesday, August 1, 2012

Potential Takeover Candidate? (NYSE: BBY)

Shares of BBY fell by 0.28% or $-0.05/share to $18.04. NYSE is trading at a price to book ratio of 1.69. The PEG is 0.88 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.12. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 9120490 shares of BBY exchange hands on a given day and today's volume is recorded at 6855933. 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, computing and mobile phone products, entertainment products, appliances and related services.