Best Buy
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?
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Re: Best Buy
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. |
Re: Best Buy
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. |
Re: Best Buy
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. |
Re: Best Buy
Sharebuilder also has fees, but is another good choice for building a small portfolio.
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Re: Best Buy
Buy Dynergy DYN on NYSE
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Re: Best Buy
[ QUOTE ]
Buy Dynergy DYN on NYSE [/ QUOTE ] Why? |
Re: Best Buy
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 |
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