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Bed Bath & Beyond Inc. Message Board

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  • pezaguy pezaguy Dec 11, 2000 4:12 PM Flag

    trouble ahead for BBBY

    OK, maybe it's a little too high for this current
    economic climate and it MAY even be a good short. But long
    term this will be a great stock to own. The vast
    majority of recent insider selling is option related OR
    done by the co-founders.

    The co-founders each
    own almost 10 million shares and have publicly stated
    that they will be selling on a regular basis for tax
    and diversification purposes.

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    • You are right, I said the wrong thing. There is
      no trouble ahead for BBBY as a company, they are
      well run and profitable.

      I do think (and you
      grudgingly almost agree) there is some trouble ahead with
      the STOCK PRICE. I sold off and I am now short. If
      you think it is a good long term investment, my
      advice is cash in now and buy back in about 8 dollars
      lower in a month or two.

 
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