BBBY Is Best Example of Our First Mining Gold (TSX: FF) Strategy

When NIA analyzed the new version of Bed Bath & Beyond (BBBY) the company that owns the former Overstock and tZERO blockchain technology assets, we did ask ourselves:

Does it have as much upside as First Mining Gold?

Does it have less downside than First Mining Gold?

Is it as undervalued as First Mining Gold?

Does it have a catalyst ahead in the upcoming months as big as First Mining Gold?

For 100% of all Crypto related stocks other than BBBY the answer to these questions was no.

For BBBY we kind of believe taking tZERO public in an IPO on the NYSE will be a pretty big deal especially since Intercontinental Exchange (ICE) the NYSE parent company is the second largest tZERO shareholder after BBBY. Even if tZERO is all hype and the valuations of all blockchain technology companies continue to collapse, we do like BBBY's strategy of opening new smaller, cheaper, and more efficient Bed Bath & Beyond Home stores. Even if tZERO is viewed as worthless twelve months from now at least BBBY is trying to do something real in addition to this.

So, while Bullish (BLSH), Circle (CRCL), and Strategy (MSTR) continue to collapse… NIA's BBBY closed today at $10.36 per share for a gain of 44.69% since our initial July 1st suggestion at $7.16 per share.

Here is a comparison chart of NIA's BBBY vs. well-known major Crypto/Blockchain stocks since July 1st (BLSH didn't list until August 13th):

We're not saying BBBY is going to realistically gain as much as First Mining Gold (TSX: FF) we're just saying BBBY might be the only Crypto related stock with potential to continue rising. Click here to see all of NIA's BBBY alerts (formerly BYON) since July 1st!

First Mining Gold (TSX: FF) at $0.24 per share is worth only USD$18 per oz of gold resources which is almost unheard of for a company that owns large-scale gold projects that are of big enough size to attract the majors especially after environmental approval! First Majestic Silver CEO Keith Neumeyer is First Mining Gold's Chairman he is one of the most brilliant executives we have ever met!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from FF of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.