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Best Buy Co., Inc. (BBY), Dolby Laboratories, Inc. (DLB): This Company’s ‘Glasses Free’ 3D, Will It Matter?

Another dimension for Dolby
While this can’t be bad for Philips, I’m sure I can’t be alone in appreciating this as yet another way Dolby is working to diversify its operations away from its former core business in the relatively stagnant audio format market for PCs and other consumer electronics.

Couple that with the fact that Dolby is currently trading at just 14.6 times trailing earnings, boasts a decent return on capital of 18.3%, and had $743 million in cash reserves with no debt at the end of its most recent quarter, the stock is starting to look like too good a deal to pass up.

The article Dolby’s Glasses-Free 3-D: Will It Matter? originally appeared on

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Dolby Laboratories (NYSE:DLB).

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Related tickers: Best Buy Co., Inc. (NYSE:BBY), Dolby Laboratories (NYSE:DLB)

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