The Investment Thread
With Bed Bath and Beyond there was clearly a time you could look at the financial reports and scratch your head on why they were paying our billions in dividends and share repurchases. They were doing all of that with revenue that was in decline for several consecutive years. And they spent $$$ remodeling the stores. All without addressing long term debt.
Now I see this company Best Buy. Falling revenues. Planned store remodels. Over a billion in long term debt. And they just forked over $6,000,000,000 in just 2022 + 2023 combined for share repurchases and dividends.
With Bed Bath and Beyond there was clearly a time you could look at the financial reports and scratch your head on why they were paying our billions in dividends and share repurchases. They were doing all of that with revenue that was in decline for several consecutive years. And they spent $$$ remodeling the stores. All without addressing long term debt.Now I see this company Best Buy. Falling revenues. Planned store remodels. Over a billion in long term debt. And they just forked over $6,000,000,000 in just 2022 + 2023 combined for share repurchases and dividends.