Bed Bath & Beyond Looks Drained

No amount of activist cage-rattling appears to have been enough to save embattled Bed Bath & Beyond.

On Thursday,

Bed Bath & Beyond

(ticker: BBBY) preannounced disappointing fiscal-third-quarter results. Even worse, despite years of effort to turn things around, the home-goods retailer said there is “substantial doubt” it can continue as a going concern, based on current cash and liquidity projections


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