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Deutsche Bank sees the long-term thesis on Buy-rated Bed Bath & Beyond (BBBY) as still intact...
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Thursday, June 21, 2012, 7:48 AM ETDeutsche Bank sees the long-term thesis on Buy-rated Bed Bath & Beyond (BBBY) as still intact despite the retailer's drop in Q2 guidance. Analysts see organic operating margin expansion as cost controls continue to add to results. Shares of BBBY -10.6% premarket to $65.85, after hitting an all-time high on Tuesday of $75.84.
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I guess DB hasn't been paying attention to what happens to over-valued stocks and the drops after guidance lowering cough TPX, GMCR cough ~
ps they over-paid for CPWM - we'll see how that turns out.