I luv lotsa retail, and they have been many of my big winners, but not a big fan of BBBY. I mean, its certainly worth more then where its trading, but I wanna give more time on this one. Its not just that it has the retail blahs; rather it changed it made big changes that havent worked. Namely, focusing on upgrading internet sales...and lowering delivery charges in order to compete with Amazon (rather then attempting to make the in store experience better), which simply cannabalized in store sales at a higher costs b/c of the deliveries. Plus I believe they bought a shiteload of shares at higher prices which leaves them unable to take advantage at current levels.
Anyway, I think over the course of the year, this one may straggle to the lower half of the teens, where it would be a tremendous buy.
I could be wrong, BBBY could revert to the mean and offer a higher selling opp short term, but I still think the awful management decisions lead to lower prices at some point.
