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Katherine Ross: Bed Bath and beyond reported earnings Wednesday night. The CEO, interim CEO, Mary Winston said that they need to find better ways to bring the customers into the stores. Sarge, interim CEO, Mary Winston. Is there anything that she can do to bring customers back in the stores?

Sarge: I feel real bad for Mary Winston. I mean she's got a tough job.

Katherine Ross: She's only been there since May.

Sarge: She's less than two months on the job. She doesn't even have the title of permanent CEO. I mean have you been to one of these stores in the last year or two?

Katherine Ross: Yeah and I walked out.

Sarge: Yeah, me too. And I mean I wanted to buy a rug, a bathroom rug and I walked in, I couldn't find help. I couldn't find a price. The line was long and I went to Walmart cause it was nearby and I bought a similar rug and that's happened a couple of times over again. Even though I'm holding one of those blue coupons that they send in the mail, I leave and I buy the item somewhere else. I think if you're, if you're not long this name and you're looking at it speculatively, I would find something else to buy. I mean, if you're in the retail space, Walmart and Target are your plays, all right, those are the highest quality names in the space. Unless you're looking at, say, Amazon, which is obviously the leading ecommerce play, and they have, they're always making headlines and in other fields of high technology. So why go out on a limb all the way along Kohl's myself. So I'm kind of speaking against my own book here. But why go out on a limb besides those three names? If you're not already committed, and trying to work through a position based on your risk management skills.

Taking a look at Real Money's stock of the day Bed Bath & Beyond (BBBY - Get Report) ? 

Approach it cautiously, warns Real Money's Stephen "Sarge" Guilfoyle. 

In case you missed it, Bed Bath & Beyond reported earnings after the bell Wednesday night. 

Bed Bath & Beyond topped analysts' fiscal first-quarter earnings estimates but said it expects fiscal-year earnings on the lower end of its guidance of $2.11 to $2.20 a share.

The company reported same-store sales that fell 6.6%, which disappointed analysts, who were expecting a 3.8% decline.

Here's what Guilfoyle had to say when he was asked whether or not interim CEO Mary Winston can turn the company around. 

"I feel real bad for Mary Winston. I mean she's got a tough job. She's only been there since May. She's less than two months on the job. She doesn't even have the title of permanent CEO...if you're not long this name and you're looking at it speculatively, I would find something else to buy" he said. 

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