The Investment Thread
Best Buy has seen declining revenues the last 5 years (2020-2024).
They have over a billion dollars in long term debt that they aren’t touching.
Since 2020 Best Buy has spent $5.7 billion on stock buybacks and have paid out $3.1 billion in dividends.
I do not see how that is a wise strategy. They spent $8.8 billion on buybacks and dividends when their business model is failing.
It’s like they looked at Bed Bath and Beyond’s playbook and are doing the exact same thing.
Best Buy has seen declining revenues the last 5 years (2020-2024).
They have over a billion dollars in long term debt that they aren’t touching.
Since 2020 Best Buy has spent $5.7 billion on stock buybacks and have paid out $3.1 billion in dividends.
I do not see how that is a wise strategy. They spent $8.8 billion on buybacks and dividends when their business model is failing.
It’s like they looked at Bed Bath and Beyond’s playbook and are doing the exact same thing.