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Bed Bath and Beyond Rockets Higher

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Bed Bath and Beyond (NASDAQ: BBBY) rocketed over 28 percent higher today March 26, 2019, climbing over 54 percent since Fr. Emmanuel spoke live to the crew of Benzinga TV on December 28, 2018, about the company, saying:

"It's [BBBY] now between $10 and $11 per share, pretty extraordinary business if you think about it, about a 1.4 billion market cap., just over a billion of that in cash, and then a company that threw off $750 million in free cash flow... in the last twelve months... growing revenues for a very long time, an iconic American retailer... they're paying almost a 5% dividend... for the record I think it's worth more like $40 or $50 and I wouldn't be surprised if in the next year we see it return to that sort of valuation... "

Fig. 1:  Bed Bath and Beyond stock Price Performance:
December 28, 2018 - March 26, 2019

BBBY SPXTR chart 1

Follow some of Lemelson Capital Management's other recent calls on:

  • Ligand Pharmaceuticals (NASDAQ: LGND) Click here
  • American Eagle Outfitters (NYSE: AEO)   Click Here
  • Dicks Sporting Goods (NASDAQ: DKS)    Click Here
  • Hibbett Sports (NASDAQ: HIBB)               Click Here

Watch the full interview on Bed Bath and Beyond below or click here.



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