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The Company is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services.
To put it quite simply, I don't buy the renaissance story. Best Buy is doing a lot of things right, but it's being valued like a moderate growth business. Competition from Amazon, Wal-Mart, Costco, and others will continue to grind away at Best Buy's profitability. I liked this stock at $20, but at $40 it looks ridiculous.
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