ย
Today we are watching…
1.ย Bed Bath and Beyond (#bedbath)
Bed Bath has coupon-ed itself to death! Promotions that once fueled success at the American home furnishings retailer have well and truly backfired, as shoppers without coupons decide not to shop there at all! For many investors, beating $0.08 profit per share estimates today on revenues of $2.58 billion, still won’t be enough to stem the bloodbath and beyond. Fleeing shareholders blame an overpaid former CEO, but as new activists enter the picture, hope is alive.
2. Yirendai (#yrd-adr)
This dirt cheap Chinese matchmaker between lenders and borrowers has come off a torrid week in the markets. Despite being relatively well insulated from the trade war; investors are worried about the quality of loans changing hands on its platform. Cheques aren’t bouncing as a handful of reports accuse its majority owner of dumping its most subprime of subprime loans onto Yirendai. Still only rumors, the market will find out today if this controversy holds it back from achieving a $0.48 profit per share target on $235 million in revenue.