What's Bed Bath & Beyond doing wrong?
The home goods retailer closed down 12.5% Thursday after reporting earnings. Is now your chance to get in for cheap?
Some highlights from the report include an increase in sales and earnings year over year, but the market chose to focus on the company's reduction of full-year guidance for 2014. Motley Fool Energy Analyst Taylor Muckerman thinks that the company's lowering of its high end below its previously low end of guidance was the main reason shares have declined so much Thursday.
While the easy excuse for this would be lower consumer spending and macroeconomic factors, Taylor believes consumer confidence may be the main culprit. After all, poor confidence is what hurt Bed Bath & Beyond competitors Family Dollar (FDO) and Pier 1 Imports (PIR) and caused them to lower their guidance as well.
So is Thursday the day to buy Bed Bath & Beyond for cheap? Taylor says that while you could buy shares for less today, he'd rather be investing in TJX Companies (TJX). TJX has a much more diversified portfolio than Bed Bath & Beyond, as well as a dedicated following.
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Stay clear of all Retail Stocks if you value your money !
The retail world is dying for many reasons including internet competition, poor economy, price comparison apps, outrageous expenses from the government, Insurance Companies, Property rental rates and spoiled consumers.
In ten years you will no longer recognize today's retail environment !
Republicans reduce employee wages!
Republicans outsource jobs!
Republicans eliminate pensions and benefits!
Republicans want to eliminate Social Security, Medicare, Medicaid and Snap!
Republicans want to end Unemployment benefits, thus forcing more people on Welfare, which they want to eliminate!
Republicans want to destroy Unions and enforce "Right to Fire" states.
Republicans want Corporate Fascism and an Oligarchy to rule the land!
Republicans worship money and obscene profits above all else!
Republicans want your vote to make all these things a reality!
Is it any wonder why Republicans are losing and becoming extinct?
Mainstream Americans will not allow Republicans to destroy America!
God bless America!
Could we get your vote please and in return, we promise to take good care of you. In fact, when we are done with you, you will never suffer from pain or worries ever again. WE HAVE A PLAN!
We are also setting up thousands of food trucks from coast to coast, to help feed you and your families through these tough economic times.
So, all you beautiful poor people,.... "Come and get your gruel, we aren't at all that cruel".
The stupid market prefers the "Jamie Dimon used car salesman" types....you know, the ones who smile while they lie to your face.
Smart investors do their own research and don't let the stupid ones pull the wool over their eyes.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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