Move Over, Bed Bath & Beyond: Here's a Real Growth Stock to Rally Around
Troubled retailer Bed Bath & Beyond (NASDAQ: BBBY) has become the latest meme stock to see incredibly volatile price action, including a 300% short squeeze in the past month. Investors sometimes pile into meme stocks for a potential quick profit -- speculative behavior closer to gambling than anything.
But I'll show you why investors shouldn't touch the stock with a 10-foot pole and highlight an alternative -- an advertising technology, or adtech, industry leader that could provide superior long-term returns without nearly as much risk. Roll your sleeves up, and let's dive in.
Bed Bath & Beyond is a distressed retail business desperate to fight off bankruptcy. You can see below how ugly the company's financial picture has become, including $1.3 billion in long-term debt and a cash balance that's nearly dry after burning through $722 million in cash over the past year.
Source Fool.com
