Hints and tips:
...A 20-year-old university student has made a roughly $110mn gain by selling a stake in struggling retailer Bed Bath & Beyond, after its stock price soared during a month of frenzied trading reminiscent of...
...For Bed Bath & Beyond, the lawyers, executives, lenders and bondholders will all get paid, at least in part. Some of them will be offered equity in the new company instead of cash....
...The US furniture retailer in June bought the brand and customer lists of the bankrupt Bed Bath & Beyond for just $21.5mn....
...As of last week the company no longer even owns the Bed Bath & Beyond name....
...Investing in retail Bed Bath & Beyond declared bankruptcy over the weekend, and it plans to shut down all of its stores. The news was expected....
...Honing turns ChatGPT into a machine that has the confidence to go long Microsoft after seeing this tweet . . . https://twitter.com/business/status/1615707566268375041 ... and will short Bed Bath & Beyond...
...By its peak in the 2010s, Bed Bath & Beyond had nearly 1,500 stores nationwide carrying everything from linens to toilet plungers to candies and candles....
...Last week, those tensions culminated in Bed Bath & Beyond’s Chapter 11 bankruptcy filing....
...It was precisely in those years (2012-15), that Bed Bath & Beyond’s share price was at its peak....
...But all those companies are doing better than Bed Bath & Beyond, where WSB messiah Ryan Cohen doesn’t seem to have turned things around....
...Bed Bath & Beyond disclosed last month that two loan facilities totalling nearly $1.5bn were in default....
...Bed Bath & Beyond had about $1.1bn in outstanding borrowings split among three credit facilities at the end of November, according to the filing....
...Bed Bath & Beyond’s unsecured notes maturing next year slid to just under 12 cents on the dollar, almost halving in price from 22 cents on Wednesday....
...Is Bed, Bath & Beyond simply postponing lights out? The home goods retailer seized headlines as a meme stock this summer....
...Earlier this week, struggling retailer Bed Bath & Beyond announced plans to raise as much as $1bn in equity. B,B&B bonds trade at less than 10 cents on the dollar....
...Bed Bath & Beyond last week laid out plans for a new turnround, promising to cut 20 per cent of its workforce and close about 150 stores....
...Read more about the Bed, Bath & Beyond finance chief here....
...To Bed, Bath, & Beyond 🚀 Many good stories in finance begin with a securities filing....
...“The entire Bed Bath & Beyond Inc organisation is profoundly saddened by this shocking loss,” said Harriet Edelman, independent chair of the company’s board, in a statement....
...Cohen is not the only Bed Bath & Beyond investor to generate a large gain on trading the shares....
...Very much so, if the 400 per cent surge in the share price of US home goods retailer Bed Bath & Beyond over the past month is anything to go by....
...Recent moves in Bed Bath & Beyond show how this can be a volatile mix....
...Bath & Beyond....
...Bed Bath & Beyond shares were down 22 per cent to $5.11 by midday on Wednesday....
...The story of 20-year-old student Jake Freeman, who made $110mn (£93.7mn) trading shares in Bed Bath & Beyond, seems to have angered a surprising number of people....
International Edition