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
.