Bed Bath & Beyond (NASDAQ: BBBY) has turned from a company reeling toward irrelevance to one that, while not firmly on the path to growth, is at least heading in the right direction with leadership that has a solid grasp of what it needs to achieve next.
Yet the meteoric rise of its stock in the past week is not tethered to the reality of that comeback. Rather, it's part of a game being played to punish short-sellers who have staked out large positions betting the home goods retailer will fall.
That's why I'm ignoring all the hype surrounding its rise, and why you should too.
For further details see:
I'm Not Buying the Bed Bath & Beyond Hype, and Neither Should You