Bed Bath & Beyond Inc - BBBY

Stock Discussions
1

This company operates a chain of home goods stores across North America.

2

Why canā€™t I buy more of this stock.

The new management have really made a difference in the way to company operates.

3

This is another MEME stock it seems, price is soaringā€¦ Any community members holding any of these?

4

Early in the year they were closing 200 shops but now posting this :man_shrugging:

https://www.msn.com/en-us/money/companies/bed-bath-26-beyond-stock-surges-62-25-as-retailer-launches-more-house-brands-ahead-of-schedule/ar-AAKDFY8

1 Like
5

@Big-g hmmm so more to this one that meets the eyeā€¦ I think Iā€™ll stick with AMC rather than move over to this oneā€¦

1 Like
6

Iā€™m not saying it is or isnā€™t either way :+1: It may be meme or just turned around. Personally I would say the boat was missed but could be wrong big time :stuck_out_tongue_winking_eye: :man_facepalming:

1 Like
7

Found this and they include it as a short squeeze stock :+1:

https://uk.finance.yahoo.com/news/defiant-meme-stock-short-sellers-070328242.html

It quotes

That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stockā€™s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath & Beyond Inc.

1 Like
8

Whoā€™s going to blink first do we think?

9

I am wondering if the shorters hope the more squeezes at once the more spread the retail are and struggle to cover it. Not sure if it would work but maybe better than one at a time. :man_shrugging:

1 Like
10

Just logged into my PayPal account and found a few Ā£Ā£Ā£ so will be adding this to my FT account so I can get some skin in the game for todayā€¦ Iā€™m so excitedā€¦

11

Definitely not advice but hear they have the largest short position compared to BB and a few other new meme stocks but with the 3 new ranges it could be a winner.

I read the below

So what

Are there catalysts behind these price movements? In a few cases, yes ā€“ to an extent. BlackBerry announced this morning that it will participate virtually in investment bank R.W. Bairdā€™s Global Consumer, Technology & Services Conference next Wednesday. But BlackBerry didnā€™t discuss what new information, if any, it will present there.

Bed Bath & Beyond announced today that it will launch three new private-label brands, part of 10 such brands the store plans to offer. Generally speaking, private-label brands provide superior profit margins to the retailers who sell them and, as such, this is a positive development for the company. But is it positive enough to make the stock worth nearly half-again what it was worth just yesterday? I rather doubt it.

At the same time as these two stocks are rising on rather insignificant news, Express stock is up on no news at all, and Eastman Kodak is rising despite actual bad news, as it prepares to fight an insider trading lawsuit brought by the New York Attorney Generalā€™s office.

Now what

I suspect something else might be going on here: the WallStreetBets phenomenon thatā€™s been disrupting markets by sending shares of inferior businesses higher on hopes traders can profit from a short squeeze. BlackBerry and Express have been losing money for six straight quarters, according to data from S&P Global Market Intelligence. Bed Bath & Beyond did have one profitable quarter recently, but only due to tax-loss carryforwards. And Kodak earned only $6 million on its $650 million market cap.

And from that perspective, the suddenly rising prices of BlackBerry, Kodak, Express, and especially Bed Bath & Beyond do make some sense. Of these four companies, the last one has by far the greatest short interest: 31% of all shares outstanding, and 64% of the stockā€™s float.

Short interest in BlackBerry, Kodak, and Express is less extreme, but still elevated:

  • Express: 7% of shares outstanding and shares floated.
  • BlackBerry: 9% of shares outstanding, and 10% of the float.
  • Kodak: 12% of shares outstanding, and 22% of the float.

Of the four, though, Bed Bath & Beyond is clearly the most attractive target for WallStreetBets traders seeking to create a short squeeze. And for today at least, the strategy seems to be working.

2 Likes
12

@Big-g many thanks for the article link, much appreciated

1 Like
13

Stock up 80% in after hours due to stock buyback announcement.

Sadly I donā€™t have any stock.

1 Like
14

Bed Bath & Beyond & Buy Back

2 Likes
15

So while everyone was still looking at GME & AMC 2 genuine squeeze have happened at AVIS & BBBY. Wild.

3 Likes
16

Chewy Co-Founder Ryan Cohen Takes Large Stake in Bed Bath & Beyond, Pushes for Changes

image
image860Ɨ573 70.4 KB

https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200?siteid=yhoof2

https://www.reddit.com/r/Superstonk/comments/qlud0a/a_look_back_at_rcs_tweets_and_the_links_to_the/?utm_medium=android_app&utm_source=share

1 Like
17

I believe itā€™s all part of the same, bigger picture. Swaps, DOOMPS and Naked Shorts.

Capture
Capture740Ɨ922 69.2 KB

https://www.reddit.com/r/Superstonk/comments/t878i5/lets_all_dance_the_melvin_superswap/

1 Like
18

I know for a fact Iā€™ll be watching this from the sidelines but maybe as a hipster ā€œI was here before it was coolā€ fan thanks @NoBeef.

BBBY will jump just off the back of Ryan Cohenā€™s announcement, I didnā€™t think BBBY is in the hole that GME was in.

Get your popcorn :popcorn: ready for the opening bell

1 Like
19

Haha, as with everything, this was predicted and ignored months ago by a few on Reddit, so thereā€™s a bit of that going on there too lol.

Still awaiting definitive proof of this purchase in the form of a filing of some sort but still time for that. Should be a very spicy week!

1 Like
20

Damn, look at that premarket!