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3 Reasons Bed Bath & Beyond Is Still a Value Trap

Tags: hedge stock
DATE POSTED:July 13, 2019

Bed Bath & Beyond's (NASDAQ: BBBY) stock was cut in half over the past 12 months due to concerns about its negative comps growth, contracting margins, and tough competition from Amazon, Walmart, and other rivals.

A bruising battle with a trio of activist hedge funds forced CEO Steven Temares to resign in May amid accusations of "excessive compensation" and nepotism and exacerbated the pain for investors. Mary Winston, a board member who previously served as Family Dollar's CFO, took over as interim CEO -- but the retailer's recent first-quarter report indicates that Bed Bath & Beyond's business is still in serious trouble.

Image source: Getty Images.

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Tags: hedge stock