A carve-out can only happen in very limited bankruptcy cases.

Won't happen here.

Now that some of you pricks are pushing this story again on GAW, I became mildly interested in the story again.

It does not take much to learn that Overstock.com bought the brand name of "Bed, Bath and Beyond" for $21.5 million, and will start using that name on their website.

They will NOT be re-opening any brick-and-mortar stores.

My understanding from before was that most of those stores were leased, which means they have very close to $0 value, especially in a post-"Covid" economy where store space is much more vacant than ever before.

What other assets do they have besides brand name and real estate (in a commercial real estate market that is crashing due to much higher interest rates)?

Again, that is IF they had any real estate owned at all. My understanding was that their stores were leased, at what would likely be at much higher rates than current rates, which makes them worthless.

They were a retail company. The ONLY assets they have are garbage you can buy at Walmart or similar. Most likely, they will get a few cents on the dollar -- probably bought by Overstock.com.

They had $4 BILLION in assets -- ON PAPER. In reality, during a liquidation, it is worth very little. So, they got $21.5 million for the name. They will get squat for the leases and a few million for the inventory.

That will leave them WAY SHORT of the $5 BILLION they owe in debt.

Sure, debtors COULD (hypothetically) work out a deal on debt restructuring. This does happen frequently. General Motors did that, and many companies have done that.

BUT ...

GM and other similar companies filed BK when THEY HAD A REAL BUSINESS THAT COULD EVENTUALLY PAY OFF THE DEBT.

BBBY is ... OUT OF BUSINESS. Full stop.

OUT. OF. BUSINESS.

That means they will NEVER make any sales that could pay off ANY amount of debt.

Nobody is going to "buy" or "merge" their company with an empty shell ... IF they have debt to pay off.

Would somebody (like GME) possibly buy the empty shell because of tax deductions? Theoretically, it COULD happen ... BUT ... the debtors are NOT going to allow that to happen if GME/other company gets the benefit and the debtors get NOTHING.

Besides that, GME LOSES MONEY anyway.

They don't pay any taxes NOW because they LOSE MONEY.

Why would they pay good money to buy an empty shell so they could lower their taxes from $0 down to $0?

There are a TON of other companies out there that do make money and would outbid GME for it. GME does not have some secret handshake deal so they can just do what they want.

They would have to BID for it, and have no business reason to do so right now. Other companies would, though.

Do you ever look at these companies' financial statements? It's all public info.

And besides ALL OF THAT ...

So what?

Even if GME did buy the empty shell of BBBY, and did it for the tax money ... YOU WILL NOT MAKE ANY MONEY.

The BBBY shares have been EXTINGUISHED.

There is ZERO CHANCE that any bagholder will come out of this with anything other than a story to tell.

And those lying touts on Reddit (some of whom might be doing their dirty shit here on GAW) have told a fairy tale that too many people have fallen for.

The only thing sadder is how absolutely proud some of you seem to be about your ignorance.