Bed Bath & Beyond takes a quick dip. Check it out!

Bed Bath & Beyond (NASDAQ:BBBY) might be a nice quick money play for Monday, March 11, 2007. BBBY took an unwarranted downward slip late in February and it leaves what may be an enticing opening for grabbing the quick rebound. Analysts give BBBY a green light almost across the board with a buy rating and a positive company assessment. The numbers I see are positive, solid and tight with nearly 25 analysts in agreement that BBBY is producing good positive results.

A fly in the ointment, analyst Brian Nagel, downgraded the company on February 27, giving BBBY an undeserved albeit mild flogging, sending a note of caution to clients warning that company reinvestment would limit upside on company EPS. But he salted his warning with mention that BBBY is "aggressively reinvesting" and that those reinvestments might preclude any upside "surprises." Then, without adjustment to target price, BBBY was downgraded from buy to hold and the shares dipped 4.5% which signals to me the presentation of a nice sweet opening.

If you're reading this with a critical eye, give BBBY a quick look and read what analysts have said over the last couple of quarters. At the point where Bed Bath & Beyond shares rest as I'm writing this, I see nothing less than opportunity.