Bed Bath & Beyond, Inc. BBBY
In order to most effectively communicate our highest conviction ideas to clients and maximize overall performance, we have combined the positions of the Spinoff and Special Situations Model Portfolios, creating the newly unified Catalyst Portfolio. We are also exiting a series of names, details on the full article.
04 June 2020
Given the current retail environment and widespread pandemic quarantine practices across the country, Bed Bath & Beyond, Inc. (BBBY) has seen a hit to its turnaround efforts, though this has been offset by a growing digital presence and increased cash balance. The turnaround plan is still on track to be delivered by CEO Mark Tritton by next month (May 2020), and we see the sharp decline in share price as a strong opportunity to accumulate BBBY ahead of its execution.
22 April 2020
The ongoing situation with COVID-19 (coronavirus) has impacted the markets and caused a broad sell-off, including on many of our Model Portfolio names. We have reevaluated each stock in the MP with regard to how the outbreak impacts our expectations and target prices, and provide those updates inside.
16 March 2020
To take advantage of the market's recent movements, we're adding to our positions in Bed Bath & Beyond, Inc. (BBBY) and Fox Corp. (FOXA) on their fundamentals that remain intact. These companies' current levels now warrant increases to their Model Portfolio positions. See the links below for more details and respective analyses/alerts.
12 March 2020
To take advantage of the market's recent movements, we're adding to our positions in Bed Bath & Beyond, Inc. (BBBY), Canadian Solar, Inc. (CSIQ) and Fox Corp. (FOXA) on their fundamentals that remain intact. These companies' current levels now warrant increases to their Model Portfolio positions. See the links below for more details and respective analyses/alerts.
10 March 2020
Improving operations takes time, and Bed Bath & Beyond, Inc.'s (BBBY) continued efforts are no exception. Having brought on turnaround specialist Mark Tritton to right the ship, the company is making strides in improving its digital sales and is set to release its full turnaround plan in the Spring. In an interim update ahead of its Q4FY19 earnings (April 15, 2020), BBBY has revealed pressure on its revenue coming out of the holiday season, which provides a buy opportunity at lower levels.
12 February 2020
This week, we have two new ideas that have entered our Model Portfolio. The first is an upcoming Swedish Spinoff, Electrolux AB (ELUXB SS), which saw a one-off blip to its share price providing an entry point pre-Spin and Ontario’s Canadian Solar (NASDAQ: CSIQ) as a Special Situation providing strong upside and showing the company is worth more broken up. Also, click inside to see what’s coming up.
14 January 2020
A revamped board and new CEO were the first steps taken by a trio of activists in early 2019 when they began the turnaround at specialty retailer Bed Bath & Beyond, Inc. (BBBY). Our investment thesis centers around this industry veteran CEO's track record (similar to our previous calls on Brink's Co. (BCO) and Tableau Software, Inc. (DATA), with further details in our full analysis. The price drop from yesterday's earnings provides another buy level for this turnaround in action.
09 January 2020
Start the work early as we continue to see long-term upside remaining in Madison Square Garden (MSG) and Bed Bath & Beyond (BBBY) and recommend entry ahead of the prospectus filing (Form-10) and new company visions to be launched in the next month or so. With the 35 global Spinoffs coming up, see inside for more on what’s coming up.
17 December 2019
Since our Spinoff & Catalyst Investing Conference on Nov 21, two Model Portfolio names that were presented on the day are creating returns after just over a week. Modern Times Group (MTGB SS), global e-Sports player, is up +10% while Bed Bath & Beyond (BBBY) is currently up +17% since the conference. For more on these names and what’s coming up, click inside.
02 December 2019