Cramer Quick Take: Bed Bath & Beyond Is Correcting From the Correction
NEW YORK (TheStreet) -- Shares of home-goods retailer Bed Bath & Beyond (BBBY) are taking in on the chin Thursday, a move that Jim Cramer told Lindsey Bell at TheStreet.com is a result of the stock's moves after last quarter.
Cramer explained that when Bed Bath last reported, shares fell from $73 a share to just $59, only to rebound back to $70. Now, he said, shares are just correcting from the correction as the company reported decelerating same-store sales this quarter.
When it comes to retail, Cramer said he simply won't touch a company with decelerating same-store sales. With the housing market on the mend, sales at Bed Bath should be improving, he noted, which is why he just "doesn't want it" with so many better retailers out there.
Watch the full Cramer interview here.
--Written by Scott Rutt in Washington, D.C.
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