Bed, Bath & Beyond: A Life-From-Home Special Situation
- We analyze BBBY using OmniScience Capital's Scientific Investing Framework.
- Life-From-Home or "home nesting" was catalyzed as a consequence of Covid-19 Work-From-Home. BBBY provides direct exposure to this, now secular, trend.
- BBBY is turning around to be a company with persistent competitive advantages, targeting a large TAM and available at a significant discount to intrinsic value.
- BBBY provides significant, alpha-generating upside. But the large short interest might make it a volatile ride.
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