Best Buy Co., Inc. (NYSE:BBY) has validated its believers when it comes to the stock. It is up 81% for the year so far. That is impressive, considering we are only in month three. You should not be fooled by the stock price, because the company's future still has some dark clouds.
Closing stores is fine, but how are they going to change existing stores to stay relevant? Being the only retailer for the Leap Motion is a good start. The company lost money over the last 12 months with a trailing EPS of $(0.74). Its most recent quarter was profitable, so hope is not lost. Best Buy Co., Inc. (NYSE:BBY) needs to consistently add cash and value onto the balance sheet in order to maintain its dividend and keep its options open for potential expansion.