BBN 0.57% $1.75 baby bunting group limited

Still BBN is no MYR and its product are niche for a specific...

  1. 802 Posts.
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    Still BBN is no MYR and its product are niche for a specific segment of the market. I think a bigger threat to BBN is probably the discount department stores such as Kmart and Big W, as people want to touch and feel a pram before buying it. I know they sell far more than that and to be fair, they already compete with most retailers for all the baby stuff that young parents buy.
    They are a winner in the segment that they operate in, compared to a number of competitors that have been destroyed in recent years. Their loss has ironically cost BBN due to clearance sales.
    That said, I sold out as the share price behavior has been on the down and I felt like the market knew more than me on this one. I do like this stock, but I am not sure if the floor has been reached.
    On a side note, I dont think that Amazon will dominate everything and I looked forward to the day when credit is not so easy (they have over 50 billion in debt and lease obligations), which will bring their absurd retailer of everything expansion to a grinding halt. I used to be a fan Amazon and was buying books of their site nearly 20 years ago; however, now I see them as ugly as all the other FAANG stocks.
    Just my opinion and DYOR.
 
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