Told ya! I hope you listened.
The end may be near for Bed Bath & Beyond (BBBY).
In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles
It was all there in the financials and public filings, as I said all along.
Down 94% from the high to under $2 now.
I said Ryan Cohen screwed the BBBY investors and that BBBY was a dogshit company that was on the brink of bankruptcy.
Some of you attacked me for saying it. One cowardly mod (bubble_burst) even banned me for saying it.
I was right. I hope someone here listened and saved the pain of losing most of your investment in this loser company.
Mike Lindell should buy them, stock his products at the entrance, and watch the whole thing turn around 180 degrees and be the most profitable retailer in the mall!
That is an awesome idea! Love it!
Email it to mike
This would be awesome. BBBY is dirt cheap now.
It will be even cheaper in bankruptcy court and liquidation.
But why would Lindell want to take on a massive headache and throw his money down the drain at the same time?
He ain't stupid.
Couple of assumptions there. The infrastructure is there, the logistics is mature, their operations were fine. The ivory tower people made very bad decisions and their whole organization is paying the price. If you go to a location now, I think you'll probably see low morale but still well kept stores.
A review of the balance sheet, cash flow and P&L would be in order, but I would bet that a quick reorganization and perhaps bankruptcy to clear contracts and obligations to start fresh would turn it around completely. My family would go there immediately, and a bunch of us pedes would buy them out quick. Then he can restock with all-American stuff and... to the moon!
I haven't been paying much attention to BB&B's politics, but as a layperson I'll add my 2 cents. Something happened to their stock. It's all generic, cheaply made, and their selection is dogshit. I don't remember it being so bad 5+ years ago. It definitely gives off Kmart vibes.
At least you have a reasonable response, unlike most others who have done nothing but mindless bashing over the past several months on this issue, with no substance offered.
So, let's take a look at your idea.
Looking at their balance sheet, they own no real estate. So, all of their stores are leased. Other than that, what infrastructure could they possibly have? Sure, they have employees and systems, but that all goes bye-bye in less than 30 days with a notice to employees.
Logistics, I can't comment. Don't know specifically what you mean. But those relationships can also be done in 30.
Operations are obviously NOT fine. Just look at the trouble they are in.
Maybe so, but it does not change the reality they face.
As well as low inventory of items that nobody wants. How are you gonna turn around a retail store that has nothing to sell?
Yes. You should take a look. I have.
That is WHY I have said what I have said.
In theory, yes. Not so sure it will be that easy.
Even if they did, then ... STOCKHOLDERS WILL GET WIPED OUT.
THAT is what bankruptcy does. THAT is an important point for anyone who owns the STOCK.
If they wiped out all debt and payables, they still have the problem that their Operating Loss is big and getting worse, and that is before interest debt has to be paid.
Even if you wiped out all debt, they are still operating at a big loss with very little inventory.
Why would the debt holders agree to a restructure? How would they get paid back?
The debt holders might try to force liquidation.
I have no idea if they will, but it is a realistic possibility.
Even if they survive bankruptcy court and get the debt cleared, what BUSINESS do they have to get to profitability? What PLAN do they have?
I really don't care.
I came here 2 years ago to warn people about the bullshit touts who were pumping GME. Then, BBBY and DWAC entered the discussion, too.
I have been right. They have been wrong.
And anyone who listened to me saved themselves.
The lesson I wanted to drive home is: Do NOT listened to bullshit artists who pump stocks.
DO YOUR OWN RESEARCH.
Go woke, you go broke.
The Lindell effect continues to roll on!
So you are saying Bed, Bath, and Beyond's u/bubble_bursts 🤔
Good! They never should have canceled MyPillow! Mike Lindell is a Patriot and I am going to buy more pillows even though I have enough!
Lindell's stuff is really good.
Buy their coffee too. It is pretty good.
And slippers, and dog beds, and Giza sheets, oh those Giza sheets. 😉🤣
I want a set and the wife thinks I'm crazy.
Every Christmas I get family something from My Pillow. This year was the slides. Seems everyone lights up when they see where its from. They love it.
Get her slippers or a sleeping gown first and she'll be all in.
i see what you did there.
u/#trumpflag
Ignore him, he doesn't do research.
You are the loser on BBBY, not me.
I never invested in BBBY. But keep repeating MSM talking points about RC. Shows how you lack the ability to think critically. Also it shows you trust MSM. Hard to believe people here still trust MSM on some things but not on others.
You are out of your fucking mind.
And a liar.
You are the one who previously said you enjoy trolling people and causing trouble.
You have not changed.
Never said that. Check my gamestop posts if you really think I'm trolling. I'm calling out lies where i see them as you try to smear RC.
I remember you.
I remember what you wrote.
That's the only reason I don't like you.
You are the only one on this board that I don't like, other than the cowardly mod.
Based on your comments you dislike anyone investing in GME or BBBY. For what reason, who knows. I've never hated on anyone investing in a stock. You are a strange person. Reminds me of the MSM who put our articles telling me to forget GameStop... as if they ever cared about retail losing money...
Bullshit.
Expections of fundamentals drives everything in the market.
Bad fundamentals with no hope in sight = 94% drop.
You can try to pretend it didn't happen. But it did.
You mean transmentalists buying candles wasn't enough to keep them in business?
🤣😂
Of course because we must go elsewhere for all my pillow products.
Every BB&B within 75 miles of us closed down early last year. Used to get coupons & mailings almost daily. Nothing in last 6 months!
They have been closing a lot of stores.
Never a good thing for a brick-and-mortar retail company.
Weird comment. There were literal lines to get into many stores, including BBBY, for the after-Christmas sales, yuh brick and mortar. He only said that closing a bunch of retail locations is bad for a retail company. Retail investors pull back.
Watch out, this MAG768720 fella is VERY invested in his trust of the stock market. He spews the MSM talking points about the market. He's a little weird.
Don't need advice from you.
I was right all along, not you.
Do you agree with this?
They are not bankrupt. They have the potential to go bankrupt, but they are not bankrupt. The potential for bankruptcy was known for months due to the burn rate of cash. This is another case of those "We need a headline for cover for our illegal shorting"
Bond holders did not take the share conversion offer that expired today. These were unsecured bonds, so if BBBY does go bankrupt they would get paid just before shareholders if any money was left, making the bonds high risk. They could have cashed out, or converted shares, but didn't even with the risk of bankruptcy.
Submitted a NT 10-Q. These are submitted when a 10-Q cannot be submitted in time. Usually done if there is a merger or acquisition on the horizon. Link
HKD is flying. HKD normally goes off 10 days prior to BBBY going off. There is belief that HKD is the swap for BBBY to help keep it contained.
Remember: HKD became the highest rated market cap company in the world last year just after it IPO'd and went up to $2.5k per share, with only 51 employees and almost no revenue. This just so happened to correspond to a period of volatility with both GME and BBBY.
DING DING DING
what else you invested in besides GME?
also the OP is a shill
You mean that stock that is today at a 2-year low?
LOL
shut up hedgie
He fails to mention almost all stocks are at a 2 year low. Does that change the fact that GME is the most shorted company in existence with retailers buying and DRSing their shares non stop? 50% of the float DRSd? This has never happened before for a single stock. As the price goes lower the more the dedicated GME investors will purchase shares and DRS. The entire float will be locked. GME is bleeding hedge funds dry. Yet this clown is so excited about the prospect of good people losing money, for some weird reason... seems pretty suss.
this guy is a relentless shill. I have seen both you and I fight him over the months. I cant wait to see everything come to fruition to reward us for our research.
Indeed, one thing is for certain, we are helping destroy the corrupt wall street that the cabal uses to siphon our money to fund their criminal projects. I don't know why this guy is so emotional about people buying stocks. Makes zero sense to me. Do you get upset about other random strangers on the internet spending their money how they want? To the point you insult them for doing so? Why is he so invested in this topic?
Its so amazing to be a part of both the financial and spiritual battle. I hope we get to enjoy the spoils of war when the time comes. So very thankful for this board and members like you.. o7
I challenge you to create a new post debunking the GameStop due diligence posts. You won't, no one has been able to debunk them.
Watch, he'll reply with an insult instead.
Yet.
EXACTLY what I said months ago. But dipshits around here would not hear it.
And why would they? Company has been begging them to (via very high interest rate offers) and no takers.
Deal was bad for bond holders. They will wait for bankruptcy court to get what they can.
Are the touts pushing HKD now? Are they behind the crazy manipulation of it?
Most manipulated stock I have ever seen.
Most people around here seem to think that only hedge funds and Wall Street firms manipulation stocks.
No. Frauds on stock boards do, too. They are the new boiler room boys.
Old saying, "If you are at a poker table and you can't figure out who the mark is, the mark is you."
Say hello to 94% drop in BBBY, facing bankruptcy, and GME at a 2-year low.
No more "to the Moon!" bullshit. It was ALWAYS bullshit.
I called it out. Those who were the marks don't like it.
Right. Another dog shit company with Pump & Dump manipulation.
I hadn't been into my local BB&B in over a year since they went WOKE and no longer carried My Pillow products. It looked like a ghost town, the shelves were barely stocked. I told my Husband that I bet it's not long before they close. GET WOKE GO BROKE!
The wife and I went in yesterday to look for a coffee grinder. They had NOTHING in stock. Shelves almost bare. We walked out pretty quickly saying to each other "this place will be closed my April"
It won't be long before you start finding BB&B stuff at closeout stores like Tuesday Morning and Big Lots....
I've wondered for yearsssssssssssss why that place is still around. How do they make money when everything is so expensive and can easily find stuff cheaper anywhere else.
Yup. Mitt Romney's BCG which goes in and destroys companies all while extracting as much money as they can. If you ever hear BCG coming in as a consultant on any publicly traded company, gtfo.
Concur 100%, personally watched it directly twice, indirectly twice more. Unnatural vultures.
Mind you, I admire wild vultures - they're amazingly organized, equanimous and thorough. These BCG people are like zombie or Borg vultures, nasty, exploitative and greedy.
I always thought they were way overpriced as well.
They have an annual membership thing that was like $30 I think and you'd get 20% off of almost everything. Sometimes even sale items. So if you shop there a lot, was worth it. Or buy something expensive it'd pay for itself.
They don't make money.
Therein lies the problem.
RC pulled out because they didn’t take his advice. Now look at them.
Ryan Cohen shined a huge light on it. We learned a lot cause of this.
The stock crashed before it was announced he sold. You're repeating the MSM talking points.
No, it crashed right AFTER he sold. I did the research to identify what he really did. You did not. I have never read or watched any MSM nonsense about it. MSM financial news is for noobs. They exist to lie to the masses.
He sold at the TOP (unlike you).
And he did not do the proper disclosures in a timely manner, as required by SEC regulations.
But I am not going to rehash how he screwed everyone.
That ship has sailed -- down 94% since then.
P.S. Gamestop at a new yearly LOW today, too. You keep doin' what you be doin' and keep on losin' yo money, chump.
I mistyped, the stock crashed BEFORE it was announced he sold. The stock was being pumped by the compromised sub wallstreetbets for a reason.
https://www.reddit.com/r/Superstonk/comments/wrwejn/this_is_an_orchestrated_smear_campaign_against/
But it is not yet...
Famous last words.
KEK
I didn´t buy BBBY.
One of the stores forty minutes to me is closing. My local store closed years ago. They all should go out of business. For several years the items they sell have gone down in quality. I used to shop B & B and the time.
Maybe Mike can overnight Fedex them a my pillow to cry on.
😂😂😂
I told them years ago if they keep going woke they'd go broke. I love the store but refused to support the bs. I guess others felt the same way
I think they get acquired here soon..no bankruptcy imo but not financial advice
I could fix BBB in 24 hours as CEO. Bed Bath and Beyond now the official outlet for MY PILLOW. I would sell all of Mike's products in store. I would even change the name to MY PILLOW bed bath and beyond. easy peasy.
Why were you banned for stating an opinion? A relatively reasonable one at that. Even before the Lindell thing , bbby wasn’t doing so hot. I don’t understand these ban decisions.
You have to ask the cowardly mod who banned me because he/she did not like my opinion.
Never got an apology, either. The mod doesn't have that kind of integrity.
I was right. That's why I am being a dick and rubbing this in the nose of the assholes here (not you) who bashed me for pointing out how the financials were ugly and the SEC filings were pointing to bankruptcy.
Some mods are assholes, I guess.
I've been banned numerous times by a few mods in particular who always say something like "we had you tagged as a good researcher I'm really surprised at you you should know better" for posting sauce (links to court documents, news articles, etc) proving a few particular grifters they're megafans of are lying to us.
Usually they cite a sidebar rule I didn't violate and then don't respond when I ask them to explain how exactly I violated the rule. One even admitted I probably didn't break the rule but the ban was going to remain to "keep the mic clear" whatever the hell that means.
I basically don't post research here anymore. I'm kinda sick of being banned everytime I post anything good. Just rants and rando opinions and jokes now.
I seriously love this place. Even now as it is with it's current problems. It's by far my favorite place on the internet and I come here every day.
We have many AMAZING mods - the vast majority of them imo. But until a serious discussion can be had in our community about why some mods are allowed to lord their opinions over the entire site, I post research exclusively to Truth Social and that is where I find posts and threads that remind me of what used to happen here every day a few years ago.
Not that good research doesn't still happen here. It's just not like it was.
I get the impression alot of people that used to post research and deep dives in the comments have been banned like this. I see a lot less of it than I used to.
Doesn't make this place any lessor than it was. It's purpose is beyond research.
why are you responding to every comment here lmao
you'd get more bang for your buck if you went to plebbit or /biz/
this isn't your target audience
picked up a ton of cheap calls sub 2 fwiw. don't care if i lose it. risk/reward off the charts.
Declare war on Mike Lindell; you declared war on us.
It's generally a good idea to know who your customers are. When was the last time you saw unemployed, homeless and welfare recipients lined up to buy anything at a BB&B?
That's just it; they do this time after time.
Shoulda Woulda Coulda sold pillows, just saying!
I never saw that but I wouldn't have put money into that company anyway. Many brick & mortars are going belly up in this recession/depression. More than likely it will only get worse.
Good bye.
After they banned Mike and My Pillow, I never went back. Same with Kohls. I must have sent at least 10 letters to Kohl's headquarters. They kept trying to write me back and lie about why they no longer sold My Pillow. Woke is broke.
Time to cash out those fake bucks and stick it into real estate for the Great Depression 2.0.
Rich Jewish owner Les Wesner not only owns Bath & Body but Victoria's Secret, Abercrombie & Fitch, Express, Inc., he won't be hurting for cash.
So BBBY won't moon? RIP my single share bought at $30
Go woke go broke. Glad they are crashing.
BBBY now down 30% just today.
GME also now at it's lowest price in 2 years.
Where da Moon?
Dip before the rip