![]() ![]() ![]() So crashing business, too much debt, diluting equity and cutting investment into the business model.Īs we outlined in our “Bone, Bagger, or Bust” Black Book, this is a bust. However, as of 22 November, the stock is changing hands at 3.17: down nearly 80 YTD and down nearly 90 from the August peaks. The company has a liquidity problem, added $500mm in new debt financing, and it’s set up a 12mm share ATM offering. That’s all happening for a company that is already too lean (no employees in the store and the A/C turned off) and has become irrelevant due to underinvestment over the last decade.Ĭost cutting will just accelerate the demise of the model in terms of customer relevance. Entering into a cost cutting program of $250mm and reducing capex plan to $250mm from $400mm and closing 150 stores. BBBY stock plunged about 30 on 5 January on bankruptcy concerns Photo: Juan Llauro / Shutterstock. At the current price of 2.80, BBBY stock reached its low level in. Volatility profiles based on trailing-three-year calculations. But today brought some of the worst news yet when Bed Bath & Beyond hit its lowest price not just of the year but of the century. ![]() The company is revising down revenue again now expecting comps down 20% for the year with 2Q coming in at -26%. ET, Bed Bath & Beyond stock is up 10.3, meaning its gained more than 200 since it closed at 4.60 on July 26. Editor's Note: Below is a brief complimentary note on our short Bed, Bath, & Beyond (BBBY)research call from our Retail analysts Brian McGough and Jeremy McLean.Ĭlick HEREfor in-depth retail research included in Retail Pro.īlood, Bath & Beyond. Maat 4:31 PM Yahoo Finance's Ines Ferre checks out Bed Bath & Beyond shares as the struggling retail chain attempts to raise up to 300 million by selling its stock. ![]()
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