Bed Bath & Beyond: Still A Compelling Turnaround Story
Introduction
In my last article about Bed Bath & Beyond (BBBY) published on April 13th, I argued the company will survive the Corona pandemic. We’re a couple of months and earnings results later and the stock market has turned around about Bed Bath as well. The stock price went from about $5.5 to $11 in this short time. Since then, Bed Bath outperformed the S&P 500 (SPY) and retail ETFs (XRT, FTXD). The market agrees that Bed Bath will survive.
Data by YCharts
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