Sheedy was particularly disappointed with the lack of contribution from the Bomber forwards and said he had expected to be in front at half-time rather than lagging by a point.
"We needed to kick goals early and we had a great opportunity to have five or six goals on the board and we just didn't reward ourselves for our hard effort," Sheedy said after the match.
"Gradually, by the second half, we just probably carried too many to be honest and there were just not enough contributors in that second half.
"That was disappointing from that point of view because I thought we might have been able to be maybe two goals up at half-time. We just didn't get anything from our good players in our forward 50 really, which is disappointing."
Sheedy said veteran midfielder James Hird and former Blue Scott Camporeale – who were both in their comeback games after missing a number of weeks with hamstring injuries – put in credible performances.
Hird was restricted to mainly handballs after coming off in the first term concerned with his hamstring and wasn't as effective as usual, while Camporeale finished with 24 disposals.
"I think (Hird) had the ball 22 times but statistics can rob you of common sense," Sheedy said.
"In my point of view, both Hird and Camporeale needed a game and we were going to try and use them off the bench, and obviously they've picked up 46 possessions (between them).
"But I think in general, as the game wore on, I think Jim got a bit tired. Which is fair enough."
Sheedy said it was important for the aging duo to play this week in the senior side as a bye for the Bendigo Bombers meant there wasn't an avenue for either to return through the VFL, and another week out of the game plus next week's mid-season break would have further hampered their recovery to full match fitness.
And while he admitted Hird had left the field in the first term because of continuing hamstring issues, he couldn't say if the injury had flared considerably and that it was just a process of the Brownlow Medallist discovering what his 33-year old body can do.
"At the moment, (Hird's) got a game under his belt. Reserves never had a match this week, so if you don't play them this week, it's another week, so we took that risk and probably got through it reasonably ok," Sheedy said.
"He came off the ground concerned about his hamstring but he kept running all match."
"When he got on the ground, he could really run. It's just probably getting to know what his body can and can't do at the moment.
"So, from that point of view, it's very difficult as a coach to gauge because you're not inside his body. But he reads the ball so well he actually can camouflage a lot of where he positions himself in a game."
As far as the Bombers' bottom-of-the-ladder position and 11-game losing streak is concerned, Sheedy said he is hurting along with the players and supporters.
"It hurts me because it hurts the fans and it hurts the team because they lose confidence," he said.
"The club hasn't really gone through a sustained period of being down the bottom like we are at the moment, in one year in particular."
He went on to compare the club's year to seasonal change, and said 'spring' was just around the corner.
"Out of it in the end, it's sort of like … I enjoy the gardens. In the winter, you see everything go to nothing and the petals fall off and the leaves fall off and it's cold and it's harsh, and then all of a sudden, you just start to grow again," he said.
"I think that's probably where we're at as a club. We need to just go through a tough, hard winter and in the end, hopefully, I would think by hopefully next year, and by the end of this year we're showing some signs."