$BBBY Time To Start A Position

16 de abr. de 2020

BBBY reported earnings yesterday and the market liked what was said on the earnings call. The stock is trading up pre-market and we think the worst is over for the company. A lot of the enthusiasm is the turnaround being put in place by the new CEO, who was former CMO of TGT. For example, the Bed Bath &Beyond digital business is seeing net sales growth of more than 90% for the month of April to-date.

BBBY is well-positioned to weather the coronavirus crisis. The Company ended fiscal 2019 with approximately $1.4 billion in cash and investments, an increase of approximately 39%, compared with approximately $1.0 billion in cash and investments at the end of fiscal 2018.

We look at BBBY as a long-term play and will buy any pullbacks.

Good luck to all!