Bed Bath & Beyond down on it’s Luck
Posted on Thursday, April 10th, 2008 | In Current Market News, Stocks to WatchMaybe Bed Bath and Beyond (Public, NASDAQ:BBBY), I don’t know, I don’t know if we’ll have enough time.
Just like the fall of Frank the Tank after missing lovely Saturday at Bed Bath and Beyond because of a rough night with the boys, BBBY is down due to a low forecast.
But just like in the Movie Old School, Frank got his mojo back, and the Masters are betting BBBY will do the same.
Today BBBY said it expects profit between 26 and 30 cents per share for the quarter.
Analysts polled by Thomson Financial predict first quarter earnings of 36 cents per share.
For the 2008 fiscal year, the company said it expects its earnings per share to fall from a low double-digit percentage to a mid-teens percentage from the $2.10 per share the company reported in 2007.
Is this really a surprise given the state of the U.S. economy? That would be No.
Let shares fall and when they get low enough, it will be time to buy at a discount. The Masters will wait until $25 to make an entry to this stock, you should do the same. The short interest is at 11% as of March, but it’s only going to get stronger.
Disclaimer: The Auther has no positions in BBBY.
Last 5 posts by Ted Gottsegen
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- Sears Holdings (SHLD) 57% Short Interest and LL Cool J - August 19th, 2008
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 About Ted Gottsegen (http://thestockmasters.com)
Ted's investments in the stock market and real estate have allowed him to pursue his true calling in life, Music. Ted is now a full time musician thanks to his investments and a part-time StockMaster providing his knowledge of making the right decisions and trend spotting in the stock market. Ted is also an accomplished writer and provides his editing skills to all of the StockMaster publications. |
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