Anthony Scaramucci's Hedge Fund Trade Of The Week: Best Buy (BBY)

Anthony Scaramucci said on CNBC's Fast Money that this week's hedge fund trade of the week is Best Buy Co., Inc. BBY. He said that this stock is controversial and out of favor, but he likes it anyway, because it can deliver a best price in the market for the products it sells. It has the ability to generate a tremendous amount of cash, and it has a consistent return on invested capital of over 20%. BBY has a free cash flow yield of 19% and a dividend yield of 1.9%. The company announced this week that it is going to buy back 5 billion dollar worth of shares. David Einhorn's Greenlight Capital, SAC Capital, Citadel LLC, and Whitney Tilson's T2 Partners LLC own this stock. Best Buy Co., Inc. (BBY) lost 1.88% today, and it closed at $31.77.