Is Best Buy’s (BBY) Moat Narrowing as Electronics Move Online for Good?

Best Buy Co., Inc. (NYSE:BBY) closed at $88.24 on September 30, up almost 17% over twelve months and close to its highest level in a year. The company is worth about $19 billion with a dividend yielding 4.35%. That is what the market pays for a business it expects to hold its position rather than grow. READ ALSO: Best Buy's (BBY) Turnaround Gains Steam As Leadership Changes HandsIs Best Buy's (BBY) Moat Narrowing as Electronics Move Online for Good? Best Buy's Stores Now Earn Their Keep on Service and Fulfillment: Best Buy survived by turning its weakness into the thing competitors cannot copy. A national network of physical locations is expensive to run, and no competitor has built one in this category since.