BBBY Headed Well Beyond $70

Bed Bath & Beyond (NASDAQ: BBBY ) – This retailer's sales and earnings have
risen steadily during the recession with earnings at $1.64 in 2009, $2.30 in
2010, and $3.07 in 2011. S&P estimates earnings of $3.93 in 2012 and $4.58 in
2013. The company also operates stores under the names of Christmas Tree Shops,
Harmon and buybuy BABY. And it plans to open 10 new Christmas Tree Shops and
15-20 new buybuy BABY stores this year. At just 13 times 2013 earnings, the
stock is expected to expand its P/E to 16 times with a target price of $72.