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To: yard_man who wrote (109690)	6/21/2001 4:33:29 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Balance sheet (BBBY) not too bad, a bit heavy on inventories but probably not out of line for the number of stores they've opened (which is where they will get bit in the arse in the 2nd half, IMO): As of June 2, 2001, Bed Bath & Beyond Inc. operated 322 stores in 43 states, including 11 new stores opened during the fiscal first quarter. Including the new units, total store space at the end of the fiscal first quarter was approximately 12.5 million square feet, an increase of approximately 23.8% over total store space of approximately 10.1 million square feet at the end of the corresponding period last year. The Company plans to open approximately 80 stores (including those already opened), in both new and existing markets, during fiscal 2001. They are totally discounting the possibility of recession or prolonged downturn. They will regret it, IMO...