Why I'm Avoiding Bed Bath & Beyond Stock Like the Plague
If you pay any attention to volatility in the stock market, you've likely noticed Bed Bath & Beyond (NASDAQ: BBBY) stock lately. The retailer's shares have been up by nearly 100% and down by over 60% so far in 2022.
Yet the business trajectory hasn't changed much during that time. Sales are shrinking, net losses are mounting, and there are head-turning shake-ups happening at the management level.
Sure, it's possible that the next round of strategic shifts might land shareholders positive returns, especially if the chain receives a generous buyout offer or a huge cash infusion. But I wouldn't buy this stock in hopes of scoring that quick payoff.
Source Fool.com
