Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

seems to never fail , BBBY always finds a reason to pull back after earns to $38/39 level from mid $40's...

(never fails to pop either , hehe)


BBBY weakness attributed to 10-Q, JP Morgan concerns (39.77 -1.39)

Weakness in stock is being blamed on apparent concerns by JP Morgan about sales contribution from the acquisition of Christmas Tree Shops. Apparently, firm expressing these concerns after co's 10-Q indicated that C.T.S. was responsible for 49% of the $239 mln sales increase. Firm apparently says factoring out the 6.4% comp., this implies 6.6% non-comp growth on 11.3% square footage growth, or 58% new store productivity vs. their 64% in Q2... Briefing.com has not seen the actual note.