Bed Bath & Beyond: Contemplating Disaster This Weekend

6/26/17

By Quad 7 Capital, SeekingAlpha

Bed Bath & Beyond Inc. (NASDAQ:BBBY) is a household name and you likely have done business with them. I first covered the name two years ago and called for you to avoid the name. It was well above $60 at that time. Thanks to an absolutely savage 2017 for retailers, all stocks in the sector have gotten crushed. Of course BBBY has its own unique weaknesses, however, and that was taking the stock down with it. For those unfamiliar it sells a range of items for your home, including bed linens and related items, bath items and kitchen goods. It also has tabletop items, dishes and utensils. The company also offers health and beauty care items. It also offers infant and toddler merchandise. It is an incredibly profitable company, but has seen immense sales and earnings pressure. It caught my eye today after nose-diving double digit percentages and dropping under $30 on extremely high volume.

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