BBBY - Stock Market Sell-Off: Is Bed Bath & Beyond a Buy?
Bed Bath & Beyond (NASDAQ: BBBY) shares have experienced extreme volatility since the company expressed "substantial doubt" about its future as a going concern on Jan. 5. Even though such an announcement would cast doubt about the shares, the stock has risen significantly since that time.
Nonetheless, investors need to keep their eye on the ball. Although anything could happen, investors should avoid Bed Bath & Beyond or any other company that expresses doubts about its future.
Admittedly, one can forgive investors for being tempted to buy in hopes of a short squeeze. In recent years, they bid stocks like GameStop and AMC Entertainment Holdings higher despite narrowing competitive moats.
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Stock Market Sell-Off: Is Bed Bath & Beyond a Buy?