Be Careful, Consumer Retail's Full of Land Mines [View article]
BBBY looks great to me. Their largest rival is bankrupt and closing stores. The company isn't the growth vehicle it used to be, but given its small average ticket price and the fact that sheets and towels do wear out and bridal registrants still get married, I think BBBY, which trades at 13X forward earnings and has no debt and $300mm in cash is one to own. It is the only non-dividend paying stock in my "Conservative Growth/Balanced" model portfolio.
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BBBY looks great to me. Their largest rival is bankrupt and closing stores. The company isn't the growth vehicle it used to be, but given its small average ticket price and the fact that sheets and towels do wear out and bridal registrants still get married, I think BBBY, which trades at 13X forward earnings and has no debt and $300mm in cash is one to own. It is the only non-dividend paying stock in my "Conservative Growth/Balanced" model portfolio.
Nov 05 08:30 am
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All Comments by Alan Brochstein »Be Careful, Consumer Retail's Full of Land Mines [View article]