Is BBBY Looking Like GME 2.0?

Bed Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Report stock has been the recipient of lots of Wall Street skepticism. And the company did itself no favors when it failed, miserably, to beat market expectations during its most recent earnings report on April 13th. Weakness in consumer demand over the usually strong holiday season was a large contributing factor to BBBY’s disappointing results.

However, since March, BBBY’s business has been influenced by activist investor Ryan Cohen, who also happens to be GameStop’s (GME) – Get GameStop Corp. Class A report Chair. Thanks to Cohen’s involvement, Bed Bath has regained the attention of mainly retail investors. Some see a possible repeat of GME’s “meme” darling storyline.

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