Latest news with #Bath&Beyond
Miami Herald
09-08-2025
- Business
- Miami Herald
Analyst says popular meme stock is an exercise in futility
Meme stocks come and go. Then they come back and go again. A whiff of positive news – a good line in an earnings report, a hint of a merger, a rumor potentially started by a trader looking to unload a position at a profit – can bring any meme stock back to the fore. With the second busiest week of earnings season now over, that kind of action was visible this week, prompting one researcher to issue a fresh warning about an old meme stock that recently caught fire again. While meme stocks create new stories and legends with each passing cycle, the truth about many of these companies is that they are working their way towards nothing-the abyss that awaits when social sentiment finally wanes and the balance sheet is all that is left. Think Bed, Bath & Beyond, which was trading at less than $4 per share in 2020 when it got caught up in the meme mania ignited by video-game retailer GameStop (GME) . Share prices surged past $50 per share before the public's attention turned and the company began an inexorable death spiral, buried under a mountain of debt and other problems. Bed Bath & Beyond filed for protection from creditors under Chapter 11 of the U.S. bankruptcy code in April of 2023 and subsequently closed its 360 stores. But it's hardly alone. AMC Entertainment (AMC) was an OG meme stock with GameStop. Three years ago, it was trading at over $130 per share, but now it trades at less than three bucks a share, roughly 50 percent off its 52-week high. GameStop, meanwhile, trades roughly where it was a year ago but is off by over 30 percent from its most recent peak in mid-May. While yesterday's meme stocks are likely to rekindle some interest periodically, they have been replaced by names like Opendoor, Krispy Kreme, GoPro, and Kohl's, all of which have ridden the tsunami that can happen when social media and active traders mix. David Trainer, founder and president at New Constructs, a Nashville-based independent investment research firm, has said for years that meme stocks are all about a trader's willingness to focus on hype and hope and ignore numbers. He believes the numbers win out in the end, but he acknowledges that plenty of stocks overcome bad news to be back in the market's good graces even while they are on a fiscal path to oblivion. Peloton Interactive (PTON) -which has been in the realm of meme stocks since it became a darling of the pandemic-got just that kind of boost on August 7, when it reported a profit for its fiscal fourth quarter, boosting shares by about 10% while the market ignored a warning that sales of exercise machines and digital subscriptions are set to decline, requiring some layoffs and a relocation of operations to cut costs. The fitness-equipment maker registered a $21.6 million profit (5 cents a share), compared to a loss of $31.9 million a year earlier. According to a FactSet survey, analysts on average were expecting a loss of 7 cents a share, slightly better than a year ago. But before the positive earnings surprise, Trainer was already calling for Peloton to suffer the ultimate meme stock fate, featuring the stock on the August 4 edition of "The Danger Zone" on the Money Life with Chuck Jaffe podcast. Related: Top analyst sends message on pending ugly earnings miss (plus one big beat) New Constructs brings together discounted cash-flow analysis and forensic accounting to evaluate securities on a scale of "most attractive" to "most dangerous." The firm's stock-picking has been rated by SumZero at or near the top of multiple investment categories, most notably leading consistently in consumer discretionary stocks; SumZero is a buy-side community in which more than 15,000 professional portfolio managers compete for Constructs first featured Peloton in the Danger Zone prior to its IPO in September 2019; since then, the firm reports that its shares have fallen 72% while the Standard & Poor's 500 is up roughly 115%. But what put Peloton back in the Danger Zone recently is that meme-stock investors are tuning out the company's long-term results and looking at its recent performance. Shares are up more than 100% from last August, largely due to shrinking losses. New Constructs reported that, "this turnaround story is already baked into the stock valuation, and at current prices, downside risk remains large," driven by declining sales, high cash burn, the sale of assets, shareholder dilution, and "a stock valuation that implies drastic margin improvement and rapid revenue growth." Trainer, in his Danger Zone appearance on the August 4 edition of Money Life, said Peloton is "making a little meme stock run here … and we just want to remind people that it's still a bad stock." "Peloton still has negative margins, negative economic book value, and it's trading as if its profits are going to dramatically increase and its revenues are going to grow 800%," Trainer said. "So like whatever turnaround you think there might be here, you know, we think it's all priced in." Trainer said Peloton's "business model is not a good business model," noting that the bounce-back is a misdirect or a head fake and that Peloton is "just left with something that's going to probably die pretty slowly." He acknowledged that the stock could still have another meme stock run, possibly a dead-cat bounce and can survive for a while until he thinks the inevitable happens. He pegged the economic book value on PTON at a negative $6.60 per share, adding that it's first-mover advantage in the home exercise space is gone, and that he would value the company "conservatively" at less than a dollar per share. Said Trainer: "This one could really go bankrupt." Related: Analyst says popular pet-food company's stock is spoiled The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Cosmopolitan
08-07-2025
- Entertainment
- Cosmopolitan
Amazon Prime Day's Legging Deals Are SO Good—Save Up to 67%
I've been counting down to the start of Amazon Prime Day like it's Christmas morning—because, well, it sorta is. Only better. You won't have to unwrap a regifted Bed, Bath & Beyond lotion set (again) or a sweater three sizes too big (because grandma swears you'll grow into 27??). Instead, in 48 hours or less, your front porch will be littered with packages straight off your wish list—on-sale AirPod Maxes, Bella Hadid's 50%-off Levi's shorts, this LED red light therapy mask that will save your skin. You know, things you will actually use/wear/won't sell on eBay for enough Aperol Spritz money to cope with the family trauma. And while there are a lot of deals to comb through—even if you're just focused on a closet revamp—you've gotta start somewhere. Let that somewhere be the athleisure department. If for no other reason than this: Leggings are up to 67% off RN. You'll find unbelievable deals on usually pricey Beyond Yoga, Adidas, and Splits59 styles, as well as Amazon versions that are so cheap it should be illegal. See: Paige DeSorbo's $6 leggings for evidence. In addition to Paige's fave pair, there are a tonssss of viral styles on Amazon that deserve your attention. Take these Sunzel leggings, which are under $20 for Prime Day (!!) and basically a hybrid of lululemon's Align and Wunder materials, or this similarly classic high-waisted style with 50,000 rave reviews (enough said). There's even a flare version with that universally flattering crossover waistband and a design so comfy a shopper said "if [they] could live in these [they] would." If you're looking for a higher-end style (without the high-end price tag), good new: Amazon has that too. Rhone's Ripple 7/8 Workout Leggings are 60% off and still in stock in every size—which practically never happens, BTW. They have that same crossover waistband (that legit looks good on everyone) and are crafted from a material that wicks away moisture and fights odor. This is key for anyone with a gym crush. "Love these pants! Very comfortable," one customer says. "I can easily wear them all day [and] they look a little fancier than regular leggings." Buy them! Wear them! Love them! Whether ya need 'em for your daily 10k steps or just want to look the part on your morning matcha run (who said pilates girls have to actually do pilates???). Megan Schaltegger is an NYC-based writer. She loves strong coffee, eating her way through the Manhattan food scene, and her dog, Murray. She promises not to talk about herself in third person IRL.
Buzz Feed
06-07-2025
- Entertainment
- Buzz Feed
Remember These? 28 Millennial Childhood Classics
These Disney bedsheet pillow covers and duvets: And these collectable Disney plates: Nutri-Grain bars when they came in the shiny wrapping with colors that matched the flavors: Trix yogurt, which was extra special if it was a surprise in your lunchbox: These Brain Quest flashcards which, honestly, were so much fun: The Stinky Cheese Man book with the best cover ever: The battery with a power check function that kind of really hurt your fingers: This unstoppable pairing at lunch during elementary school: That pink amoxicillin medicine for when you had an ear ache: These bad boys that made all of your computer games sound better: Those multi-disc CD players so you could listen to more than one album: Those bath beads that dissolved in the water: Ashtrays built into the back of car seats: Those Scooby-Doo fruit snacks that were better than all the rest: Kid Cuisines, which meant you got to watch TV while eating dinner: A Netflix DVD delivered in the MAIL! A Talkboy to record all of your very important detective information: Flintstones Push Up Pops, especially during the summer: Riverdance starring Michael Flatley, which every class watched at some point in elementary school: The spoon and cherries from the "Baby Alive" doll: The 100-pack blank CD spindles next to your computer so you could burn CDs for you and your BFF: Mead's Académie Sketch Pads with that nice thick paper: Those Flintstones Vitamins (red and purple were the best): Snuggies, which you were tempted to buy every time you were in Bed, Bath & Beyond: A Discman with the Anti-Skip System: The velcro paddle game that had the most satisfying sound: The styrofoam gliders you begged your parents to buy for you at the hardware store checkout: And finally, a family computer with this as the login screen: Are there any other things you'd include on this list? Let us know in the comments!
Forbes
29-04-2025
- Business
- Forbes
What Business Can Do To Address Climate Crisis Under Any Administration
Rosie Austin speaking w panel looking on at Earth Day Women's Summit - 4-22-2025 (l to r: Joan ... More Michelson, Helle Bank Jorgensen, Rosie Austin, Danielle Azoulay, Jana Gerber In a poll at The Earth Day Women's Summit last week in Dallas, Texas, 100% of respondents said that business is not doing enough to address the climate crisis. This aligns with a PwC 2024 study that found the same – and that a majority of consumers are willing to pay more for sustainably-made products too. 'Even as consumers look to cheaper, generic options for essentials, they nevertheless cite a willingness to pay 9.7% more for sustainability,' the PwC reported, adding, 'In the year ahead, companies must achieve a delicate balance between consumer affordability and environmental impact if they are to source and retain consumers.' They also found that a majority – over four-fifths – of 'consumers are willing to pay more for sustainability,' and that 'nine-in-ten (85%) say they are experiencing the disruptive impacts of climate change in their lives.' A panel of top business leaders focused on sustainability, clean energy and environment-social-governance (ESG)-related issues at The Earth Day Women's Summit, dove into the issue of what business can do and some of the nuances of doing so at this moment in the global economy. Slide of Business panel - Women's Summit 4-22-2025 The panel included: Helle Bank Jorgensen, Founder/CEO of Competent Boards training and certification programs for board members and prospective board members; Danielle Azoulay, former Chief Sustainability Officer (CSO) of L'Oreal and former CSO of Bed, Bath & Beyond, and now CEO of The CSO Shop; Rosie Austin, Principal-Program Manager in AT&T's Environmental Sustainability division; Jana Gerber, President of Microgrids at Scheider Electric. I moderated the panel. at The Earth Day Women's Summit was one day of the five-day EarthX2025 Congress of Conferences. Despite the Trump administration's aggressively-anti-climate and anti-clean energy actions, the business sector is moving forward with sustainable practices. Market forces are demanding it, and they have to protect their operations in the face of extreme weather events wrought by a warming planet. It's a business imperative. Jana Gerber speaking at Earth Day Women's Summit - 4-22-2025. Danielle Azoulay looks on. Rosie Austin speaking at Earth Day Women's Summit - 4-22-2025, Danielle Azoulay looks on Helle Bank Jorgensen speaking on panel at Earth Day Women's Summit - 4-22-2025, Rosie Austin looks ... More on Danielle Azoulay speaking at Earth Day Women's Summit - 4-22-2025, Jana Gerber looks on Companies may take these actions more quietly than they did over the past few years, but they are still taking them. Mother Nature is not waiting, so leaders can't either.
Forbes
29-04-2025
- Business
- Forbes
What Business Can Do To Address Climate Crisis – Despite Trump's Actions
In a poll at The Earth Day Women's Summit last week in Dallas, Texas, 100% of respondents said that business is not doing enough to address the climate crisis. This aligns with a PwC 2024 study that found the same – and that a majority of consumers are willing to pay more for sustainably-made products too. 'Even as consumers look to cheaper, generic options for essentials, they nevertheless cite a willingness to pay 9.7% more for sustainability,' the PwC reported, adding, 'In the year ahead, companies must achieve a delicate balance between consumer affordability and environmental impact if they are to source and retain consumers.' They also found that a majority – over four-fifths – of 'consumers are willing to pay more for sustainability,' and that 'nine-in-ten (85%) say they are experiencing the disruptive impacts of climate change in their lives.' A panel of top business leaders focused on sustainability, clean energy and environment-social-governance (ESG)-related issues at The Earth Day Women's Summit, dove into the issue of what business can do and some of the nuances of doing so at this moment in the global economy. Slide of Business panel - Women's Summit 4-22-2025 Karen Campbell Photography The panel included: Helle Bank Jorgensen, Founder/CEO of Competent Boards training and certification programs for board members and prospective board members; Danielle Azoulay, former Chief Sustainability Officer (CSO) of L'Oreal and former CSO of Bed, Bath & Beyond, and now CEO of The CSO Shop; Rosie Austin, Principal-Program Manager in AT&T's Environmental Sustainability division; Jana Gerber, President of Microgrids at Scheider Electric. I moderated the panel. at The Earth Day Women's Summit was one day of the five-day EarthX2025 Congress of Conferences. Despite the Trump administration's aggressively-anti-climate and anti-clean energy actions, the business sector is moving forward with sustainable practices. Market forces are demanding it, and they have to protect their operations in the face of extreme weather events wrought by a warming planet. It's a business imperative. Companies may take these actions more quietly than they did over the past few years, but they are still taking them. Mother Nature is not waiting, so leaders can't either.
