Build-A-Bear Workshop: Market's Overreaction To Q1 Results Offers An Attractive Opportunity
Build-A-Bear Workshop(BBW) Seeking Alpha·2024-06-19 15:43
wdstockAs the management of Build-A-Bear Workshop (NYSE:BBW) expected, the latest quarterly results the company released on May 30 were not as good as the ones in the same quarter last year. Despite the fact that management predicted that and reiterated in the last earnings call its guidance for yet another record-breaking year, the market’s response was abysmal, in what seems to be an overreaction, sending the stock down 14% that day and shedding an additional 8.5% since. With a pristine balance sheet, ...