Bed Bath & Beyond: History Repeats, So Far

On April 29, 2014, we posted a chart of Bed Bath & Beyond (BBBY) comparing the price performance of the stock from 2000-2008 and 2008-2014, as seen below:

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At the time, we suggested that on a technical basis, BBBY might decline in the post-2008 period as much as the 2000-2008 period, on a percentage basis. Along with the technical perspective on BBBY, we provided downside buy targets based on Dow Theory.  The Dow Theory perspective was woefully inadequate compared to the strictly technical downside target provided in the chart above.  Below is the updated side-by-side comparison of the 2000-2008 period to the 2008-2017.

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From what we can tell, history is repeating.  Then as now, the peak in the price and the relative lows are occurring near each other, in timing.  Sharpen your pencils and get your Value Line Investment Survey out, time to verify the numbers and invest accordingly.

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