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James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational. Follow @jbrumley
Bed Bath & Beyond (NASDAQ:BBBY) investors just can t catch a break.
After years of underperformance, shares hit a four-year high in January the result of a rally that looked like a vote of confidence in CEO Mark Tritton s turnaround plan. Then, on April 14, shares tumbled to the tune of 12% in response to its fiscal 2020 fourth-quarter results. The bottom line topped estimates, but sales of $2.62 billion fell just short of expectations and were well below the year-ago figure of $3.11 billion. Shares are down 15% in the past week, taking a bit