Hhgregg Investing Report - 4311 Words

Daniel McClain November 13, 2009 BADM 190W – Analysis of Business Issues Hhgregg, Incorporated EXECUTIVE SUMMARY Hhgregg, Inc. is an electronics store company that is worthy of investing in for a multitude of reasons. The history of hhgregg indicates that they place a strong emphasis on customer service, which is why they are so successful. Hhgregg also has many important initiatives for the future, such as redesigning all of their stores, continuously retraining employees on customer responsiveness, and implementing a stringent corporate governance program. These valued-added initiatives will help hhgregg grow in the years to come. Their biggest competition is with Best Buy, who owns the biggest share of the electronic store†¦show more content†¦I developed my recommendation based on a variety of components. Hhgregg is offering some revolutionary initiatives that will help the company grow, as well as expanding their brand to help them build and gain a larger portion of the market. Also, after looking at two key financial ratios and comparing them to the industry average, I have deter mined hhgregg is in a solid financial position and has a high return on investment to its shareholders. Overall, hhgregg is an excellent company to invest in based on projected future earnings OVERVIEW History of hhgregg Hhgregg, Inc., was founded in 1955 as a small appliance store originally called H. H. and Fansy Gregg. When founded, hhgregg stores offered washing machines, clothes dryers, refrigerators, and outdoor grills (hhgregg). What differentiated their stores back in 1955 was that they offered personal, caring customer service and a low price. Hhgregg Today Over the years, hhgregg, Inc. has maintained that core business philosophy of providing personal customer service and offering low prices. Gregg Appliances still offers appliances at their stores, but has added different products as well, including televisions, computers, and audio devices. Selling such a variety of electronics is beneficial to hhgregg because they are an electronics store in the service industry. By offering many products to choose from, hhgregg attracts a mixture of customers.Show MoreRelatedExxon Mobile Argentina Project2051 Words   |  9 Pageshhgregg hhgregg This document explores an oil investment project in Argentina. We will provide a capital management analysis using discount rate calculations that account for the project be in a foreign country. Additionally, we will explore the NPV and IRR for this project. Lastly, we will submit our recommendation. This document explores an oil investment project in Argentina. We will provide a capital management analysis using discount rate calculations that account for the project beRead MoreBusiness Summary of Best Buy Co. Inc. Essay2241 Words   |  9 PagesS. The company is headquartered in Richfield, Minnesota, U.S (Scott, 2012). In 2009, Best buy was one of the largest electronic stores in the eastern U.S.; however, Fry’s electronics remains to be the leading competitor in the western US, while Hhgregg Inc is the key competitor in the eastern US. In December 2008, the company had 1,010 Best Buy stores, 7 stand-alone Geek Squad stores, 13 Magnolia Audio Video Stores, 13 best Buy Mobile Stores, 3 Audio Visions Stores and 17 Pacific Sales Stores inRead MoreAccounting 1-4 Chapter100452 Words   |  402 Pagescontent and purpose of each of the financial statements. 5 Explain the meaning of assets, liabilities, and stockholders’ equity, and state the basic accounting equation. 6 Describe the components that supplement the financial statements in an annual report. ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  2 The Navigator is a learning system designed to prompt you to use the learning aids in the chapter and to set priorities as you study. feature story Many students who take this course do not plan to be accountants. If