In May 2017 I was invited by Diego Moreno to the Forum Family office event in Omaha, the day before the Berkshire Hathaway meeting. At the event, I presented a long idea which was Bed Bath & Beyond (BBBY). Today I changed that view. To see the 2017 presentation please click here to see or download the presentation. (If you 'run' the slideshow in PowerPoint then you will … [Read more...]
Bed Bath & Beyond Products Are Still Cheaper Than Amazon
Summary The company has had a very long and strong history of growth, profitability and operating returns. Margins continue to be the major question mark; however, the peak rate of decline may be behind us. The stock appears to have overshot to the downside and trades at a significant discount to valuation. Online sales continue to expand at a 20%+ rate. The … [Read more...]
Bed Bath & Beyond Products Are Already Cheaper Than Amazon!
Summary Points: Historically, Bed Bath & Beyond outpaced its category and has consistently grown sales and profits. Dropping margins have been the biggest issue in the last year. Stock is cheap. Market is pricing in a very dim future. Online sales are expanding at over 20% yoy. A random basket of 40 items was found to be cheaper than Amazon.com. Most Americans … [Read more...]
