Good! I hope it goes up to 80.00, that I can short the $*/% out of it. Sorry but BBBY has turned into a retail store front for products that dont sell well on T.V. anymore. Besides GMCR k-cups which aren't selling well,and a few other name brand products at 20% off all of the time, there margins and sales are due to get crushed again. Just got back from BBBY and it was the worst I've seen in a long time IMHO. TPX pillows were 20% off, buy 2 and get 1 free.SBUX and Keurig machines just aren't moving like they use to. The lady I've seen in there for (3) years even said that this was the slowest weekend in the 7 years she's been there. I've shorted the last (2) earnings quarters and have been paid very well, and I see a 3rd next month!
Be careful what you wish for. This time off years mfgs want to move goods. They offer incentives ie;markdown money..lower prices etc. Also Retailers are not dumb. They will put a 70% markup off wholeside and offer at 20% off. Still get a 50% Mark up..Are you so naive to believe when a store says 30% off they still do not maintain their mark up @ LEAST 50%. They could not stay in business if thet did not use that ploy.Was in that business for many years.This would be the worst quarter to short.