Latest news with #PeterKeith
Yahoo
14-07-2025
- Business
- Yahoo
Why Best Buy (BBY) Stock Is Down Today
Shares of electronics retailer Best Buy (NYSE:BBY) fell 3.1% in the afternoon session after a downgrade from Piper Sandler, which lowered its rating on the stock to "Neutral" from "Overweight." The investment firm also cut its price target on the electronics retailer to $75 from $82. The downgrade was prompted by what Piper Sandler analyst Peter Keith described as a "lack of meaningful catalysts" to boost sales and earnings growth in the near future. The analyst also pointed to longer-term worries about competition in Best Buy's key appliance and TV categories. This more cautious stance from Wall Street suggests concerns that the company may face challenges in the coming quarters, leading investors to reassess its growth prospects. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Best Buy? Access our full analysis report here, it's free. Best Buy's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Best Buy is down 18.1% since the beginning of the year, and at $70.58 per share, it is trading 31.7% below its 52-week high of $103.30 from September 2024. Investors who bought $1,000 worth of Best Buy's shares 5 years ago would now be looking at an investment worth $812.29. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
CTV News
11-07-2025
- Business
- CTV News
New food pop-up on Whyte Ave. meant to ‘meet people where they're at'
The Hub on Whyte currently features Beb's Bagels and Balay Coffee. July 11, 2025. (CTV News Edmonton) There's a new restaurant space on Whyte Avenue that wants to give small businesses a place to call home for the summer. The Hub on Whyte was opened Friday by Peter Keith and Glendon Tan, who said they've been sitting on the concept of an inclusive hub for restaurateurs since 2015. The Hub features community pop-ups and provides room for up-and-coming chefs in a 'collaborative culinary space.' Peter Keith - The Hub on Whyte Peter Keith (pictured) and his business partner, Glendon Tan, came up with the idea of The Hub in 2015. Now the space is open as of July 11, 2025. (CTV News Edmonton) 'Restaurants are very expensive to open, food entrepreneurs need to raise a lot of money and make a pretty long-term commitment to have their own place,' said Keith. 'The hub is meant to help bridge that gap.' Currently featured in the space for the summer are local companies Beb's Bagels and Balay Coffee. Keith said The Hub intends to be 'flexible' on how long companies operate out of the space. 'Our goal is to make it easy for them, make it accessible, and kind of meet people where they're at,' he said. Lindon Carter, co-owner of Beb's Bagels, said the hub is a welcome change of pace after jumping from kitchen to kitchen with his business partner Luke Breiteneder. 'It's pretty special … it's pretty hard to be a small business, and especially in a restaurant, taking on the responsibility of a brick and mortar is very daunting,' he said. Carter said the location, on bustling Whyte Avenue, is a prime space for a bagel shop. They also work out of several coffee shops in the area. Each company that operates out of The Hub works as an independent business – meaning visitors need to check individual social media or websites to see times. The Hub inside Customers began to file in to The Hub for a bagel or a coffee on July 11, 2025. (CTV News Edmonton) That doesn't deter customers like Darian Araujo. 'I'm here for the [Whyte Avenue Art Walk] for the next two days, so I'm definitely coming back for more bagels … and also coming for the drinks too,' said Araujo. 'I think it's an awesome thing.' Keith and Tan also co-own Meuwly's, a catering company dealing in charcuterie and smoked meats in the Westmount neighbourhood. Keith said that their first business helped them gain the experience they needed before they ventured into supporting other businesses almost a decade later. With files from CTV News Edmonton's Marek Tkach
