This bad boy is a winner and will climb towards April earnings and BEYOND! Here's the other thing, the wild card to always think about is going private. These Jersey Boys don't like Wall St and would love to answer to nobody some day. Buying back alot of stock folks. Ride it to $100.00
I don't know about going private, but I am sure you are right about $100. Yesterdays Oppenheimer's "downgrade" is another great buying opportunity. BBBY has been buying companies for future revenues (they are guiding rev up 12%) and buying back stock ($2 billion still approved) which should help the longs wtih less supply of stock and EPS will rocket higher. BBBY has no debt and a billion in cash. Making a consistent 9.5 cent on every sale, now sales approaching 13 billion. Target and Macy's have 6xs and 2xs the sales but make half the profit on those sales and both companies have huge debt. That may explain BBBY market cap, higher then their peers , selling for 1.5 times sales is not unusual for a company with a great outlook. When sales are 15 billion and outstanding shares 200 million it's easy to come up with $100 share price and is why I'd rather own this company then some others.