Best Buy Co., Inc. (BBY) Purchased on 4/11/2016

Best Buy Co., Inc. (BBY) first reached its current stock price in 2005.  Since then, the price has gone up and down ... and up and down. ...  In those dozen years, the stock price has also spent a lot of time out of synche with earnings, moving from an overvalued price to a long period of being undervalued.  Often the price would go down as earnings increased and vice versa.

In recent years since a period of decreased earnings ended, the price appears to have been aligning more with earnings.  For the next few years, it appears that earnings will continue to rise, and the price is favorable as it is in the "green zone".  When I bought BBY, it was even more undervalued than it is now.  As a result, I have seen a nice bump in the value of my investment since April.

What drew my attention to BBY was the dividend increase announced in February 2016 along with a special dividend.  When I made the purchase, the yield was above 3%.  A new dividend increase is expected in the next few weeks.  At the current price, I would consider purchasing more BBY, and as a matter of fact, I am purchasing a small amount each month in a separate account with Loyal3.  I look forward to seeing what happens with BBY from here.