Accumulate Here for Long-Term Turnaround, MP Increase
Given the current retail environment and widespread pandemic quarantine practices across the country, Bed Bath & Beyond, Inc. (BBBY) has seen a hit to its turnaround efforts, though this has been offset by a growing digital presence and increased cash balance. The turnaround plan is still on track to be delivered by CEO Mark Tritton by next month (May 2020), and we see the sharp decline in share price as a strong opportunity to accumulate BBBY ahead of its execution.Investors Recommended to Accumulate BBBY at Current Levels
Pandemic & Retail Shutdown Challenges Turnaround Efforts / Release of Plan Remains on Track
Management Team Takes Pay-Cut, Suspended Buybacks & Dividends / New Appointments Continue
Digital Sales Still Sees Quarterly Growth / Drives Revenue During Quarantine
BBBY Increases Special Situations Model Portfolio Weighting by +1% at the End of Today's (April 22) VWAP
Bed, Bath & Beyond is an omnichannel retailer providing products, services and solutions for the home and life events. The company operates an ecommerce platform consisting of various websites and applications, including bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, and facevalues.com. The company sells an assortment of domestics merchandise and home furnishings. Domestics merchandise includes categories such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings (including furniture and wall decor), consumables and certain juvenile products.
The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.
The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.
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