First published on Simply Wall St News
Summary:
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Experienced traders have the advantage when maneuvering a possible short squeeze. This can also work for retail investors that have a plan.
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BBBY changed the business strategy in 2019 to importing off label products and selling them as their brand – Inflation is boosting this approach.
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Insiders have bought the stock, but BBBY is still in a risky financial position with more debt than equity.
It seems that most of the bad performance of Bed Bath & Beyond ( NASDAQ:BBBY ) is attributable to the negative performance history after 2019. The stock is beaten down by short-selling, with some 35% of shares being shorted by July 14th, 2022, and analysts are also posting low price targets for the stock which has driven it to a multi-year low valuation.
However, a change in their business model may improve future margins and there may