Of course it is a retail stock, so I am not that surprised, but the company has money, is grossly undervalued, and even many analysts give it a Buy rating:
I have yet to read the conference call transcript, but my wild guess is that the company must spend on having a stronger internet presence.
The Company's Board of Directors has declared a quarterly dividend of $.15 per share, to be paid on January 16, 2018 to shareholders of record at the close of business on December 15, 2017.
This comes from today's press release, so unless the company changes its mind, it seems to be committed to at least one dividend, and that alone could make me hang on to the stock just to see what happens.
- Bed Bath and Beyond shares tumble after worse-than-expected salesCNBC
- Bed Bath & Beyond, FedEx, Adobe Systems and more- AFTER HOURSProactive Investors USA & Canada
- Bed Bath & Beyond Inc Reports 44% Decline In Q2 ProfitNasdaq
- Bed Bath & Beyond's (BBBY) CEO Steven Temares on Q2 2017 Results - Earnings ...Seeking Alpha
- Bed Bath & Beyond Shares Slide After Missing Profit EstimatesWall Street Journal (subscription)
- Bed Bath & Beyond Inc. Reports Results for Fiscal 2017 Second QuarterPR Newswire (press release)
- Bed Bath & Beyond resumes -15% after Q2 disappointsSeeking Alpha
- Bed Bath & Beyond shares soaked by deepening slumpFinancial Times
- Bed Bath & Beyond shares plunge after disappointing earnings reportGant Daily