Jim Cramer on Best Buy: "We Keep Hearing That They'll Be Punished for Having Too Many Devices That Are Going Up in Price"

Best Buy Co., Inc. (NYSE:BBY) is one of the stocks in focus this week under Jim Cramer’s game plan. Cramer discussed the company in light of the rising costs of memory, as he said:

Best Buy reports. Now, this is a tricky one. We keep hearing that they’ll be punished for having too many devices that are going up in price because of the cost of memory. The cost of memory, like those little semiconductors, really seems to matter these days to even the PC business or the gaming business.

Best Buy Co., Inc. (NYSE:BBY) sells technology products, electronics, appliances, and entertainment items, along with related services like delivery, installation, and technical support. During the episode aired on January 8, a caller asked if they should still worry about the historically moderate-to-high short interest now that the stock price is actually climbing, and Cramer replied:

If I think the company is crummy, I don’t regard it as an issue. It’s going to go, they’re right to short it. If I think it has got a good dividend and has some high quality management and I see a big short position like this one with 8%, I do take a look at it and I think it’s valuable to look at because you might have a coiled spring here… Best Buy does have a 5% yield, but you need lower rates for that one to work.

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