Tue Dec 15 13:14:00 -0500 2009

Barron’s (New York)

- Even after today’s selloff in Best Buy (BBY) shares, better buys can be found elsewhere in the market.

As Telsey Advisory Group analyst Joseph Feldman notes, this is even more problematic than in years’ past, due to a lull in new product offerings and the commoditization of popular items like big-screen TVs. Without new specialty items, Best Buy loses its edge and consumers have less incentive to pay their slightly higher price points. Indeed, on Thursday, when Costco (COST) reported fiscal first-quarter earnings, the discounter noted it had seen an uptick in television sales.

To view the full article, download the PDF here: Barron’s, December 15, 2009