looks like its suddenly shooting up? i dont see any special ...
$Bed Bath & Beyond Inc(BBBY.US$ looks like its suddenly shooting up? i dont see any special news 🤔
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obcmullet : are you serious
obcmullet : they just secured almost 400 million loan plus there's an announcement coming in the end of the month they're probably going to sell buy buy baby
razo2 obcmullet: either sell or spin off. both which will save BBBY. Buy Buy Baby is a golden egg generating 1.2 to 1.3 bil USD revenue that was the pillar to BBBY. so the common sense thing to do for BBBY is to sell off inventories that do not make money and solely focus on Buy Buy Baby. so those that say BBBY is a 1 dollar company sure as fuck dont know what they are talking about.
senphidong : no news = good news. when news releases it will shoot up again.
razo2 : if you had checked their books they are at 5.17 bil in liabilites and 4.95 bil in assets. which if you look at both spin off or sell off will reduce the debts significantly with positive equity. my guess RC had came up with a loan agreement to reduce the debt on BBBY in general, focus solely on Buy Buy Baby. if you look at the past during covid Buy Buy Baby was still manking alot of money. in return BBBY will give him the sole rights to Buy Buy Baby if a spin off would take off.
razo2 senphidong: not really bro. in the other side of the world we have a shit pot cooking. I am sorry for those at China. but let's face the facts, with 11 trillion dollar debt ... I think we are looking at a new high score for 2008.
razo2 obcmullet: cut some slack,please. we are all here to learn and make money. thanks for understanding.