Tim Brown: Siding With Best Buy

06/30/08 - 02:31 PM EDT

Tim  Brown

The Miami Dolphins, Green Bay Packers, Pittsburgh Steelers and Detroit Lions all reportedly gathered in Saline, Mich., this past weekend to work out Kevin Jones. The Cleveland Browns asked for a videotape of the workout. So clearly, there is significant interest in the former first round draft pick.

Jones, who is rehabbing from major knee surgery he had five months ago, is a free agent. The Lions cut him loose in the final year of his contract following the injury.

Speaking of getting a second shot, a company you should consider is consumer electronics retailer Best Buy(BBY Quote - Cramer on BBY - Stock Picks).

The stock is getting hammered. It's off nearly 15% in the last year and more than 25% since its highest point in January. It closed at just about $40 on Friday and hovered around that mark in morning trading.

The stock traded as high as $43 on Wednesday of last week and not so long ago (June 17) it was up over $46.50.

The company, which reported its quarterly earnings a few weeks ago, came in ahead of Wall Street's expectations. It posted earnings of $179, or 43 cents a share. That's compared to the $192 million or, 39 cents a share it earned in the year-ago period. Revenue increased.

The company also affirmed its full-year outlook of $3.25 to $3.40 a share. Wall Street is expecting $3.26 a share. At the time, CFO Jim Muehlbauer said he is "very encouraged by the local growth plans we've developed to serve our customers both today and into the future."

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