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August 7, 2008
Analyst says Bed Bath & Beyond well positioned
From the AP:
An analyst said Thursday that Bed Bath & Beyond Inc. remains one of the "best operators" in its sector and will likely withstand the nation's economic downturn better than many of its competitors.
Oppenheimer & Co. analyst Vivian Ma told investors in a research note that the Union, N.J.-based specialty home retailer has no plans to cut back on reinvestments.
"We believe that (Bed Bath & Beyond) remains one of the best operators in the home goods space and should continue to navigate the challenging consumer environment better than the competition," Ma wrote.
The analyst added that the retailer remains "very focused on superior execution to drive share gains.
Posted by edelfenbein at August 7, 2008 2:02 PM
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