Bed Bath & Beyond skyrockets after confirming it will consider sale proposal

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• Bed Bath & Beyond Inc. (NASDAQ:BBBY) soared in early trading on Monday after the retailer confirmed that it will consider a proposal from RC Ventures to explore a sale.
• BBBY's update: "Bed Bath & Beyond's Board and management team maintain a consistent dialogue with our shareholders and, while we have had no prior contact with RC Ventures, we will carefully review their letter and hope to engage constructively around the ideas they have put forth."
• "Our Board is committed to acting in the best interests of our shareholders and regularly reviews all paths to create shareholder value. 2021 marked the first year of execution of our bold, multi-year transformation plan, which we believe will create significant long-term shareholder value."
• Shares of Bed Bath & Beyond (BBBY) rose 64.77% in premarket trading to $26.66 vs. the 52-week range of $12.39 to $44.51.

Comments

[Moomoo22u2]

What happens when they get a high bid of $4.75 a share from a private equity shop?

[A Contrarian]

I hope Apes jump on this and make it skyrocket like AMC and GME last year. It would be a good short candidate.

[GMEOG]

@A Contrarian Short interest is?????? 20 pcbt

[drdodjie]

@Abysg According to Morningstar, the short interest is 59.15% of the float, as of 15Feb - that's pretty damn high.

[gamesetmatch]

@drdodjie thats of float but i go by outstanding but that tells why the stock jumped 120 percent for big $$$ for me. i am selling puts down at 15 now.

[SWinCA]

The ignorance in the comments about Ryan Cohen are amazing. No wonder people lose money in the market.

Cohen didn't run GME into the ground. He BUILT Chewy and made a fortune which he has then used to invest in stocks like Apple, as well as undervalued names like GME which then lead to him being made CEO 13 months ago. He's not like the AMC hustler with the Ape crowd.

But by all means, keep insisting the guy is a fool and doesn't know how to make money or run a company

[SWinCA]

@SWinCA Looks like he had 10% of GME by Sep 2020. So probably bought every share while the stock was single digits.

[Gunne]

@SWinCA

It's all part of the 'endgame' imo. For Shorty mc short, that is.

images.chesscomfiles.com/...

We all know the situation with GME, still the largest short value at IBKR, despite shorty claiming that they closed already last year 🙃

www.tradersinsight.news/...

And they're trying the same crap with BBBY

www.reddit.com/...

This way of 'doing business' will come to an end.
Whether they like it or not.
Not leaving me GME Stonk. Yaarrrr.

About Bed Bath & Beyond Inc.

Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The comp...
See Full Profile

Products Made in 'Merica...

Keep at it, shorty.

i.imgur.com/...

[Value Investment Club]

PE will not pay a premium for a weak retail company. Unfortunately BBBY is like GME, it has not purpose in the future. Maybe the Beyond will become an NFT marketplace too. I don't know why people are following this guy, GME hasn't improved, these are all structurally dysfunctional and unsustainable businesses.

[gamesetmatch]

@Value Investment Club absolutely wrong. buy buy baby leader. no competition in baby business. They just need good leadership. stock worth 35.

[pat45]

@Value Investment Club tried to short this pop at pre and open and no shares available... this is a no touch

[gamesetmatch]

@pat45 wrong. i got the short pat with fidelity. its a long now as i write this or sell puts.

[Clark158f1]

SHORT COVERING may take BBBY to $ 75 or even much much higher.

[noobwhale]

@Clark158f1 that would be wild. We still can't figure out how long a squeeze can last, but I am not so optimistic

[kpmedia]

Awesome. Sold for profit. Not sure I'd ever see that happen.

[gamesetmatch]

@kpmedia nice job!

[PunitB]

@kpmedia nice job, I missed out being greedy 🙈

[kpmedia]

@PunitB The trick is to dollar cost average sell. I DCA'd from $30 to $34.75, premarket sell orders. It topped at about $34.85 and retreated, so I sold a lot near the top. Nice!

[noobwhale]

25% short float. This stupid random 2020 purchase helped me buy a house. Going to sell the rest today, I suppose.

[marketnoob]

Except the illustrious head of GameStop and the Ape Squad.

And lemmings shall follow another’s moral compass, once more.

[SWinCA]

@marketnoob You might educate yourself on who Ryan Cohen is. My post above can help you

[Stock Scanner]

Who is going to buy a debt laden retailer with no profits and a declining business? This is going to end badly for anyone buying in at this price.

[gamesetmatch]

@Ranjit Thomas, CFA only if they dont sale. its binary. buy buy baby worth 1.5 billion . its a gamble for sure.

[Jeff Pokorny]

@Ranjit Thomas, CFA Who? how about the very same who runs a debt laden retailer with a declining business...

[TastyLaksa]

@Ranjit Thomas, CFA And they said meme stocks are dead