Bed Bath & Beyond (BBBY)
Bed Bath & Beyond, with a relatively healthy current ratio of 1.83, is not doomed to be consumed by debt, but rather, by a force almost as inexorable: the ability of online merchants to provide goods at a lower cost than can brick and mortar merchants. For this company, profit margins are falling, revenue is falling, stores are closing, and the future looks grim. It’s not my habit to come out against stocks when almost everyone else is already against them, and I concede, that is the case here, but still, there is simply no reason to believe that this company can turn things around. What hope there is centers around the, I suspect, rather far-fetched idea that it can reinvent itself as an online store and compete head to head with Amazon.com. Like I said, far-fetched.
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