Beyond added to Best Ideas List at Wedbush

Wedbush analyst Michael Pachter is adding Beyond, formerly Overstock, to Wedbush’s Best Ideas List, as it has recently taken several deliberate steps to grow its business, and the firm expects significant shareholder value creation in the next several months. Beyond transitioned to the well-known Bed Bath & Beyond brand, reinstated its Overstock.com website in Q1, and will integrate newly acquired Zulily into its brand portfolio by mid-year. The reinstatement of the Overstock website and brand allows the company to recapture its existing customer base, Wedbush says. The firm believes that Beyond’s Executive Chairman, Marcus Lemonis, has a sound vision for improving the company.