Not asking for advice just curiosity and discussion.
Every decade we watch big names disappear:
Blockbuster, Sears, Bed Bath & Beyond, Kodak, Nokia (in spirit), and plenty more.
If you had to make one prediction today which company do you think won’t survive the next decade?
Could be because of debt, a dying business model, bad leadership, disruption, competition anything.
What’s your pick, and why?
On Reddit, it's incredibly easy to find a niche of people who believe the same thing as you. Do you like making out with toasters? There's a community for you to discuss which toaster has the nicest shell and to tell you you're not a weirdo.
However, echo-chambers can be extremely dangerous when investing.
After seeing the MMTLP post, it reminded me that some people need a reminder that investing in a stock isn't a 'movement' or an 'identity'.
To this day - there are STILL people who believe their shares of bankrupt SEARS will make them rich. There is a 'SEARS Forever' subreddit for these people.
To this day, there are STILL people who believe their shares of bankrupt BBBYQ will make them rich. There is a subreddit for this and even a live Youtube show.
Echo-chambers will tell you what you want to hear.
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It's not your fault, you didn't make a bad investment.
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Shadowy figures are conspiring to bring your investment down, it's not your fault.
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This investment will make us rich (soon!). Any doubt is downvoted to oblivion.
People who say anything bearish are banned. If you decide to sell your shares after something like bankruptcy is announced, well you're just a 'shill' working for the 'hedgies' and you'll be shunned.
I am not trying to victim blame here. Uneducated people can fall for this stuff simply because they don't know better and they like to be a part of a community.
But for those of you reading this who aren't too far gone into the financial Qanon, please be careful.
Remember, if your investment thesis is good, it can handle criticism from others. Don't be afraid to bring up the stocks you're invested in here to get some ideas on what others think.
And I can't believe this needs to be said, but since Hertz broke people's minds, it does need to be said, bankrupt companies are not good investments 99% of the time.
Will the stock become worthless or will Overstock.com assume all those shares held by bbbyq shareholders? What are the possible outcomes? I see Overstock.com has taken a big jump but bbbyq hasn't jumped much. Wondering which is a better buy - bbbyq or ostk? Maybe the best bet is to just wait it out, but I would hate to miss out on the upside potential.
https://www.reddit.com/r/wallstreetbets/comments/wpv03w/bbby_megathread_8162022/
Is it another Gamestop pump and dump? Why is r/wallstreetbets going crazy for Bed Bath abd Beyond stock?
Answer: BBBY's stock shot up in value today and the Internet is going wild
https://www.marketwatch.com/investing/stock/bbby
Answer: They are trying to trigger a short squeeze just like GameStop and tesla. Hedge funds have heavily sold short BBBY. You don't need to know much about what that means except that it puts the hedge funds in a position where they will be forced to buy the shares back no matter what the price is. So everyone piles into it raising the price forcing the hedge funds to buy raising the price even further. This is called a short squeeze.
The collapse of Bed Bath & Beyond (BBBY) wasn’t a simple case of bad management — it was the result of deliberate sabotage by insiders and short sellers.
In 2022, Ryan Cohen disclosed a major stake in BBBY and proposed a serious turnaround plan to the board, including the potential acquisition of Buy Buy Baby, the company's most valuable asset.
Instead of acting in shareholders' best interests:
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The board authorized massive buybacks at inflated prices, draining liquidity.
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Short sellers aggressively attacked the stock, flooding the market with FTDs and naked shorts, accelerating its collapse.
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CFO Gustavo Arnal tragically died under immense legal and financial pressure.
The real goal?
Kill the company, steal Buy Buy Baby during bankruptcy at a discount, and leave retail shareholders with nothing.
When BBBY filed for Chapter 11 in 2023, insiders and connected firms were ready to strip its best assets. Instead of maximizing recovery for shareholders, the sales process was opaque and favored insiders and private equity firms ready to scoop up assets at pennies on the dollar.
Exactly the kind of endgame short sellers and hostile players were counting on from the beginning.
Bottom line:
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BBBY’s collapse was engineered, not inevitable.
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The free market was manipulated.
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Retail shareholders were set up and sacrificed.
The only way to fix this "clown" fiesta:
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🧹 Restore the free float — no more insider hoarding
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🕵️ Investigate the frauds, the trades, the buybacks
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👨🌾 Find someone who actually wants to run a real business, not another buy-and-burn vulture fund
Meanwhile, mainstream media focused on Ryan Cohen, portraying him as reckless or manipulative — while ignoring the real crimes happening inside the company and the massive market manipulation from short sellers and hedge funds.
If BBBY can be destroyed like this, no company is safe.
The playbook is clear:
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Load the board with enablers.
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Run fake buybacks.
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Weaponize short sellers.
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Collapse the company.
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Steal the assets with a Chapter 11 strategy.
And the regulators? Still nowhere to be found.
Sources:
SEC Filing: Cohen's Letter | Axios: Bankruptcy | NYT: CFO Death | Fintel: FTDs Data | CNBC: Buyback
Hey guys!
As the title says, I bought shares in bbby before they were deemed worthless and removed from my account. I'd like to believe this isnt the end of my investment here, but I have to accept that may be the case. The only thing that makes me believe it may not be over is the 652.5hrs in the docs that were logged in relation to M&A. What do you guys make of this?
https://www.wsj.com/articles/bed-bath-beyond-shares-have-finally-been-extinguished-f132d04d
Post loss porn here
$BBBY is beginning its move up: the new trend has merit.
Undisputed Facts
As GameStop investors question why the company has not released its 10-Q, I figured I would analyze the matter regarding developments regarding that 10-Q, since the 10-Q delay like this routinely implies a buyout is taking place, or has already taken place.
Everyone knows what Ryan Cohen previously asserted: Towel stock's ($BBBY's) Buy Buy Baby asset that he was interested in, right now, should be valued at $1 - 2 Billion. But what about the total value of Towel Stock assets (including its legacy liabilities) combined?
Note that this analysis is independent of other popular facts: that the company still sells $6 Billion in product on an annual basis, that its price to sales analysis shows the company should be worth an order of magnitude more, completed expenditures reduction, exponential e-commerce growth, shipping upgrades to allow for 1day shipping already (this also happened with GameStop). This analysis also ignores Buy Buy Baby's valuation. That discussion no longer matters. Here's why:
Upcoming Developments
As we know, major questions about merger/acquisition and HBC being a proxy of sorts. Share recall and split is common for a dilutive acquisition that has already completed. The DD on why HBC would politely abide until April 3rd, from today's Towel Stock filing, means that April 3rd is very special. It evidences that they know and have every reason to expect that Towel Stock will be above $1.00 again already by that time. Yet, there are 6 open-market investing days until that point.
Towel Stock is undergoing a share date of record on Monday the 27th (fascinatingly, this came quick) for an upcoming split vote. A lot can happen regarding the date of record for voting on the split. The filing says even if the vote passes, it may not be enacted (gee, I wonder what type of acute price action could render such a reverse split as unnecessary???). on Monday the 27th, and between now and that April 3rd date of further capital injection, droves of data points to a possibility that the true buyer could be revealed in that time.
Ryan Cohen joined Dragonfly sometime around July of 2020. He has been working on this a long time.Seeing the board stepdowns by Brett Icahn (i.e, apple not falling far from the tree) and Dragonfly (the profit-making squad) could be another giveaway. Nevertheless, Towel Stock's survival curiously mimics GameStops. After all, Towel Stock is still continuing operations after it was the subject of a historic MSM attack with financial managers falling from buildings. GameStop's and Towel Stock's survival does speak for itself. Yet, why has Towel Stock survived? How did they survive? Let's take a look.
So there we were - when media outlets were chanting Bed Bath and Beyond "CoUlD FiLe FoR BaNkRuPtCy bY ThIs WeEkEnD." It didn't happen: and now nearly 60,000 of those investors are sync'd up in their own stalwart room. I have never before observed such a high rate of user growth for a subreddit. It could be higher than SuperStonk's initial rate of user runup. Anyway, I digress. Let's dig:
From Towel Stock's Recent Filings:
March 8th, 2023: "the Company has received an aggregate of $135.0 million of proceeds from certain exercises of the Preferred Stock Warrant, most recently reflecting the aforementioned $87.5 million of proceeds (the “March Proceeds”) received on March 7, 2023, for an aggregate amount of $360.0 million of proceeds received by the Company since, and including $225.0 million of proceeds received in connection with, the closing of the previously announced public offering of certain of the Company’s securities on February 7, 2023" Essentially, they're saying $225M + $135M = $360M (a third of a billion in cash added on top of their cash on hand)
March 13th, 2023: Until April 3rd, 2023. In addition, the Threshold Share Amount referenced in the Price Failure definition is increased to 24,739. This amendment will further facilitate up to $100 million of additional funding in April 2023, for a cumulative total of $460 million to date in extra cash.
The simple calculation for net asset value is outstanding shares x share price. And if the most recent share outstanding report is accurate, then the net asset value is currently above a quarter billion dollars already.
The Friendly Takeover
Shares outstanding after this offering is complete is based on a changing volume weighted average price (VWAP). Currently, 335,404,588 x $0.7861 = $263,661,546.62 market cap. After the offering, assuming (for whatever reason) the company stayed at $1.00. We'd end up with just about $0.5 Billion market cap, at around 450,000,000 shares. At a reduced stock price only due to these obvious buyout mechanics, the company will have about $0.8 Billion in liquid cash, with a $0.5 Billion market cap.
Referencing the diagram above, if all previous owners of Towel Stock represent 1, then today there are a total of 3 owners (2 new, 1 old). In 7 business days or so, there are 4: (1 old, 3 new). The definition for this is an already-completed dilutive acquisition. This explains why the freely-transacted float did not change upon the news of the 335k shares the other day versus 116k shares, and why costs to borrow to short have only gone up since the buyout.
Yet, the 'before and after' math, in the shares and market cap totals, prove a bona fide buyout and takeover of the whole company by raw share ownership. The buyout has already fundamentally occurred. This is prima facie evidence of new ownership. By April 3rd, the new owner(s) will get a tad more shares, and then the company will already be at $0.5 Billion in market cap and with about $0.8 Billion in raw cash in-hand.
$BBBY investors today are already now part of the new Bed Bath and Beyond
Yes, this is independent of all of the other M&A indicators that came, like GME pulling its credit, Towel Stock hiring of kirkland and ellis, hiring M&A specialists, hiring power of attornies, the RSAs and vested shares, buying out the Towel Stock board's shares, Towel stock having the same lawyer team as GMERICA, recent icahn/dragonfly board dropouts, etc etc.
TLDR:
By math, Towel Stock ($BBBY) has already been Bought Out via a completed friendly share takeover: now 2 new owner(s) in relative share count to the 1 joint/previous shareholders.
The new owner(s) currently own about a 2:1 share majority. After April 3rd, the new owner(s) will own about a 3:1 share majority. About half a Billion dollars inked the deal.
GameStop is a stones throw away from HBC, and the fact that GMERICA's attorney IS the Towel Stock attorney is also the giveaway of the association of who bought it out. GameStop's board members are clearly involved, as is Brett Icahn, due to the proximity in timing of Chang, Day, Pulte, Icahn, and Cohen board movement.
Out of respect for the company, I don't want to get ahead of their official announcement. Yet, since GameStop is clearly involved, by several facets, this prima facie evidence of a takeover indicates bona fide company strength of GameStop Corp, AND/OR it indicates clear company strength of GameStop's associated individual board members.
Good luck to all, and I appreciate each and every one of you. Other hubbub on this no longer matters: the deal is done, and HBC was the proxy to conduct business. Perhaps it really is time, to march hand-in-hand with each of you, into the Beyond. Welcome to the new Bed Bath and Beyond.
Edit: 3/31/2023:
BBBY: Filings: "Fundamental Transaction" at play $1B cash-for-control
Regarding the 8-K filings issued yesterday. The company is in a "Fundamental transaction" and they issued the shares with contingencies to help the prospective investor to ensure they could complete this issuance and be protected. The company is clearly paving the way for a fundamental change of some form. For $BBBY to be set as its continued preservation and existence...except for a circumstance whereby it undergoes an M&A, spins off an asset, or carries out a structural change which results in it becoming two separate entities...
Conclusion: B. Riley is another middleman for the mystery "Investor". This person or entity is providing cash-for-control of $BBBY, and appears to be a non-financial services institution that is restricted from further selling on the shares of the company that it purchases. The filings also make multiple references to a "Fundamental Transaction" being in play, which it defines as a major change to the structure of $BBBY, such as an M&A or spin-off.