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Jim Cramer Loves Bed Bath & Beyond’s Asset Sale, Praises CEO Tritton

In his daily “Stop Trading” segment on CNBC, Jim Cramer took a look at Bed Bath & Beyond (NASDAQ: BBBY).

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The Transaction: On Tuesday, Bed Bath & Beyond announced plans to sell its Christmas tree store business of 80 stores, its linen business and a distribution center. The three non-core assets are expected to bring in $250 million in sales for the company.


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The deal “accelerates the company’s transformation to drive shareholder value creation,” according to the company.

“Today’s announcement builds on the purposeful steps we have made throughout the year to simplify our portfolio, unlock capital and create clear strategic focus to accelerate our plans to build our authority in the Home, Baby, Beauty and Wellness markets,” said CEO Mark Tritton.

Related Link: Bed Bath & Beyond Rallies 35% On Q2 Results: 3 Analyst Takes On The Print

Cramer’s Take: The discussion centered

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9-year-old orphaned elephant enjoys bath time in adorable viral video. Twitter loves it

a large elephant standing next to a body of water: Screengrab from video shared by Sheldrick Wildlife Trust

Screengrab from video shared by Sheldrick Wildlife Trust

A video of an elephant taking a bath in a small pool is going viral online. The clip will bring a smile on your face. It was shared by the official Twitter account of Sheldrick Wildlife Trust, and it shows a nine-year-old orphaned elephant enjoying her bath time.

Sharing the clip on October 7, Sheldrick Wildlife Trust revealed that the elephant’s name is Sonje and she was enjoying a bath at the Umani Springs. They also said that Sonje was rescued after she was injured by an arrow or a spear.

They captioned the viral video, “Sonje enjoys a soak at Umani Springs. She’s an orphan that was injured by a suspected arrow or spear before her rescue. Now 9 years old, she’s perfectly at home in the safe environs of the Kibwezi Forest, which offers lots of bathing spots (sic).”


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