On the surface, all would appear well at Bed Bath Beyond. New stores are opening. Older stores are being refreshed. There are now personal care products sold at the front of a store, sort of resembling a couple aisles in a CVS or Target. However, in digging beneath the surface of Bed Bath Beyond, one can easily see a host of red flags. Brian Sozzi shares three things that should be very disturbing if one is a Bed Bath & Beyond shareholder, other than the recent horrid financial performance of the company. Ultimately, these things may explain why an activist investor will show up at the company's doorstep soon.