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.
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.