Bed Bath & Beyond Makes New High

Bed Bath & Beyond (BBBY) just broke out to a new 52-week high today. The stock has been as high as $38.38 in today’s trading. In July, Barron’s said that stock was headed to $40 and it looks like they might be right. At the time of their call, BBBY was at $32.65.
One of the new stocks I added to this year’s Buy List was Baxter International (BAX). I’m pleased with how the company has performed although the share price hasn’t done that well. It’s currently up about 3% this year. The company beat earnings estimates by two cents a share in January, April and July. That’s a good sign.
The company said today that its goal is to grow EPS by 11% to 13% over the next five years. For this year, they see EPS in a range of $3.76 to $3.80. That’s what they had said in July when they raised guidance slightly. They also raised guidance in April (notice a trend here). I’m sticking with Baxter.

Posted by on September 16th, 2009 at 2:54 pm


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