Bloodbath & Beyond

Shares of Bed Bath & Beyond ($BBBY) are getting crushed today. The stock has been as low as $62.23 this morning.

I think this is an absurd overreaction. Combined with yesterday’s drop, the shares are down 16.72% since Tuesday’s close.

Just to be clear, the midpoint of BBBY’s guidance was eight cents below Wall Street’s consensus. The market is translating that into a loss of over $12.

Posted by on June 21st, 2012 at 10:04 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: