Best Buy continues to disrupt the online disruptors Best Buy announce earnings today and beat earnings per share and as a result the stock surged 9.98% in one day leading the S&P 500 today.
Best Buy along with Walmart and Target are on a mission to take on the online disruptor Amazon and to maintain their stronghold as retail Giants in their respective consumer discretionary areas.
Buy is known as a electronics retail Giant and has successfully fended off competition from Amazon for some time even while some of his large competitors and stablemates like Circuit City has since closed down because of competition from Amazon.
Best Buy Best Buy has invested a lot into their online presence and is both a leader in consumer electronics online and in the physical storefront world.
The stock pays a dividend of $0.50 per share and they have a track record of increasing dividends over the last 7 yrs. The growth rate on the stock is 119% over the last 5 years.
This is a company I plan to hold for some time to come.
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