BBBY - Where Will Bed Bath & Beyond Stock Be in 1 Year?
Bed Bath & Beyond 's (NASDAQ: BBBY) stock plunged more than 80% over the past 12 months as its chances for survival dimmed with every passing quarter. The big-box retailer struggled to keep pace with Amazon , Walmart , Target , and other better-run retailers, and it failed to renovate its stores, refresh its products, and expand its e-commerce presence to stop the bleeding.
Bed Bath & Beyond's fate now hangs in the balance as it warns investors that filing for bankruptcy protection could be imminent. In a securities filing on Jan. 26, it warned that it "does not have sufficient resources" to repay its debt. Let's review the company's financial predicament and see where it might end up over the next 12 months.
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Where Will Bed Bath & Beyond Stock Be in 1 Year?