Is Bed Bath & Beyond Stock a Buy?

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For a business that looked like it was on the verge of collapse not that long ago, Bed Bath & Beyond (NASDAQ: BBBY) has come through the coronavirus pandemic looking better than it has in years.

Although sales are still down sharply year over year for the first six months of the retailer’s fiscal 2020, the home goods leader has a focused turnaround plan in place. That gives it a good foundation from which to build a new future for itself, but Bed Bath & Beyond has a deep hole to climb out of, one it dug for itself from years of benign neglect.

As we round the corner into the new year, let’s see if this once-mighty home goods retailer’s stock is worth buying.

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