The Company
Bed Bath & Beyond Inc. (BBBY) is an American retailer selling domestics merchandise and home furnishings. Domestics merchandise includes categories such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and certain juvenile products.
BBBY has a net debt position of around $1,030M, which is roughly equal to a single year's operating income/cash flow. The company operates a straightforward business, has a strong balance sheet and a proven ability to generate cash. These properties make BBBY a suitable candidate for value investing.
