Out-of-town gunslingers, in the form of three activist investors with a collective 5% ownership stake in Bed Bath & Beyond, rode into town with a scathing manifesto calling for the Sheriff and all his deputies to head off into the sunset. Their list of complaints, concerns and near insults was very lengthy, very specific and very ugly.
In the meantime, the company’s stock, which has been one of the biggest laggards—not to mention shorts—on the street, took an impressive jump up. Sparked by the fact that there could be a duel to the death with the resulting winners and losers, investors and speculators bellied up to the NASDAQ bar.
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Activist investors seek ouster of Bed Bath & Beyond CEO; shares surgeBed Bath & Beyond Inc's long-time Chief Executive Officer Steven Temares ca... kitanda kikoje bafu je wazungu nyie The horror movie ad that ran before this that cut to the main report without a title card, showing - Bed, Bath, & Beyond —was the funniest thing I’ve seen in a month.
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