BBBY loss widened but they now have $850m in liquidity and expect to breakeven by end 2022
Bed Bath said its current liquidity is $850 million, following agreements for more than $500 million in new financing, and they sold 3 million shares raising $30 million, to buy more time to steady the ship. However, they burned through $325 million in this quarter.
Even despite all odds, Bed Bath expects to breakeven in terms of cash flow by the end of 2022. Can BBBY turn this around like how other meme stock did?
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The BIZ : ONE wonders why anyone would buy this shit company with a earnings report like that ....(fuckin A guess I was wrong man) lol
doctorpot1OP The BIZ: I think because they mentioned that they expect to breakeven in terms of cash flow by end 2022. So if that happens, they can stay afloat longer and the shorts are going to cry hahahahhaa
Divinemama The BIZ: More than agree
doctorpot1OP Divinemama: Hahaha maybe we have to wait for universities to publish more papers on meme stocks and read about their effect in the stock market to understand why
Divinemama doctorpot1OP: Well… the good reason to short from 6.8 to now…. Someone donate by Throw money for us on easy money leh
doctorpot1OP Divinemama: that is one interesting area to study. like as the price deviates upwards from fair value, investors short it, the higher the deviation the more the shorts. which creates an short squeeze opportunity. which push price higher. then we have lots of shorts within a short squeeze. which may trigger a deeper short squeeze. then the company tapping on it, raise cash, survive... fair value went up...
so maybe all dying company should induce their own short squeeze??? hmmm