The Best Buy (NYSE: BBY)

NEW YORK - Best Buy's shares are down 1.5% as the electronics retail giant stock has not yet recovered from the massive sell off seen after the company reported its Q4 results on March 24. Since then the company's stock has lost nearly 10% of its value. The company announced comparable same store sales would drop for 2011 from 0 to 3%. However the company expects to see revenue growth because of new store openings. The comparable store sales also does not include the 14% increase in online revenue to $2.5 billion for the year.

Best Buy plans to open 5 new stores in the UK this year. The company arrived in the UK last year with the purchase of CarPhone Warehouse;

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Is There A Better Time to Buy? (NYSE: BBY)

NEW YORK - Best Buy the largest electronics retailer in the United States has seen its stock lose 30% of its value since December 10, which coincides with a 6% increase in the S&P 500. More recently the stock lost 8% of its value since it reported its Q4 results on March 24.

The company said that during the fiscal year revenue grew 1 percent but net income declined to $1,277 million from $1,317 and earnings per share declined to $3.08 per share from $3.10 in fiscal 2010. The company also said comparable same store sales which measures year over year sales at stores that have existed for more than a fiscal year declined by 4.6%.

The company updated its guidance for 2011, where it believes it will increase revenue by 1 to 4% and Net earnings per diluted share of $3.28 to $3.53. However this amount is affected by the addition of a 53rd week of the year by Best Buy.

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