• Last week, BBBY reported quarterly results and with declining sales and declining margins, the quarterly results were once again not the source for enthusiasm.
• Management is focusing on four strategies: stabilizing sales, resetting the cost structure, reviewing the asset base and refining the organization structure.
• If the new management team can accomplish a stabilization in sales, BBBY is definitely undervalued, but investors still seem to be bearish about the business.
• Looking for a helping hand in the market? Members of Moats & Long-Term Investing get exclusive ideas and guidance to navigate any climate. Get started today »

(Source: Pixabay)

Last Wednesday, Bed Bath & Beyond (BBBY) reported its second-quarter earnings and once again, the results were not really great. Over the last five years the stock knew only one direction: downwards (with some bullish corrective waves in between). The stock lost almost 90% of its value and we still can’t be sure if we have reached the bottom.

Data by YCharts

In this article, we look at the last quarterly results, take a closer look at the four key priorities management called out to turn the business around and then try to come up with a recommendation on what to do now (buy, sell or hold).

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