For the first time ever, Best Buy, Inc. (NYSE: BBY) will be selling Polk Audio products, as reported by Retailing Today (registration required). In announcing the increased presence of Directed Electronics, Inc. (NASDAQ: DEIX) within Best Buy stores, Jim Minarik, president and CEO of the Directed Electronics stated "This opportunity with Best Buy greatly expands the market presence of Polk's marquee brand through one of the most exciting retailers in the history of home entertainment." Best Buy will be featuring an array of Polk home audio entertainment products to include sub-woofers, loud speakers and DVD surround sound systems. These products will soon be available at over 900 Best Buy locations.Options analyst Brent Archer indicates that we may now want to consider a bearish hedged play on this stock. Please read Brent Archers blog post for an explanation of why this play might be a good choice at this time. Best Buy performed solidly throughout Q4 of 2007, and as indicated by blogger Brian White, Best Buy is maintaining a top tier retail market presence while keeping consumers both interested and satisfied.
Gary Sattler does not hold positions in the companies he blogs about.
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