Business
Best Buy: My Thesis Played Out, And That Is Exactly Why I Am Downgrading It To A Hold
I’m an individual investor who has been actively managing my own portfolio for over a decade. I hold an MBA from the University of Illinois Urbana-Champaign with concentrations in Finance and Marketing, and a Master’s in Industrial and Operations Engineering from the University of Michigan, Ann Arbor. My investing journey began in early 2015 with a position in Starbucks (SBUX), which I bought on valuation. This first buy sparked a lasting interest in long-term, fundamentals-driven investing. My approach combines fundamental analysis with technical insights, with a particular focus on “pick and shovel” businesses — companies that supply the essential tools, infrastructure, and services behind major growth trends. I’ve found this strategy lucrative from a risk/reward perspective.I write on Seeking Alpha to share my thoughts, research, and perspective on the markets — not to provide investment advice. My goal is simply to contribute ideas and analysis that my fellow investors can weigh as part of their own due diligence.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BBY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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