Best Buy

[bighomage]

I have a $1000 to put in the stock market and Best Buy has always intrigued me. Unfortunately, I didn't have the money to buy any until its recent upclimb, but I'd still like to buy it. It is at an all time high, which is scary, but I think it has potential to keep expanding for quite a few years ahead. What does everyone think about this stock?

[Sniper]

First off, with only $1K to invest (which would buy about 14 shares of BBY) you would probably be better served by sticking it into a mutual/index fund and making monthly additions until you accumulated additional funds.

Second, if you were truly dead set on BBY, you might consider looking into a DRIP/Direct Stock purchase plan thru Equiserve; which will allow you to make periodic purchases of fractional shares.

[meow_meow]

I'm got a small holding in BBY. I'm seriously considering selling pretty soon.
The good news seems to be priced in now and any kind of set back would wallop the shares.

[alekhine8]

The DRIP through Equiserve.com is kind of expensive to participate in ($18 setup, $5 per additional purchase and fees to reinvest dividends).

You could always consider purchasing BBY through Sharebuilder.com for $4.00 per purchase and reinvest dividends for free.

As for the stock itself, its probably a good long-term (5+ years) investment. However, I could definitely see them pulling back from $70+ a share if they ever struggle for a quarter or two.

[Sniper]

Sharebuilder also has fees, but is another good choice for building a small portfolio.

[lozen]

Buy Dynergy DYN on NYSE

[bighomage]

[ QUOTE ]

Buy Dynergy DYN on NYSE

[/ QUOTE ]

Why?

[lozen]

Oil $60 a barrrel Dynergy was caught in the Enron mess Just starting to be profitable. If i had to soak all my money in one stock in the Us this would be the one. It actually is the only one i hold now as most of my cash is in Income Trusts.

Best Buy is a dog avoid Retail