Bed Bath and Beyond Rising to the Occasion
One thing you will notice about any business, once the dollar performs well, expect your business to rise as well. Such has been the trend and Bed Bath and Beyond management and owners are surely smiling these days. In this age of crisis and hard times, improved income and profits will give any business owner a big sigh of relief.
The bed manufacturing industry is something that will surely need this boost. We have seen from my previous posts that a lot of bed companies have been downsizing or closing per area. As the hope for better economies start to take place, hopefully other established bed companies will likewise benefit.
Bed Bath & Beyond Inc. (BBBY) opened at 32.19. So far today, the stock has hit a low of 32.19 and a high of 33.42. BBBY is now trading at 33.12, up 0.93 (2.89%). The stock hit its 52 week high of 41.69 in May and set its 52 week low of 24.49 in January. BBBY fell during 2007, but has been stronger this year. Shares of home furnishing stores have been rallying along with the broader market as traders’ concerns about rising inflation and its effect on consumer spending eased after the dollar advanced against other major currencies.
(Source) Market Intelligence Center
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