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...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...
...The apparel retailer, which last year bought more than 40 new store locations out of the Bed Bath & Beyond bankruptcy, said it had observed higher traffic during its fourth quarter that marked “further evidence...
...The author capitalises on one fact: there will be some value preserved in the restructuring of Bed Bath & Beyond. But none of that value will be going to the retail investors who own its shares....
...As of last week the company no longer even owns the Bed Bath & Beyond name....
...The US furniture retailer in June bought the brand and customer lists of the bankrupt Bed Bath & Beyond for just $21.5mn....
...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....
...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....
...He became a meme stock icon as his support for GameStop and now-bankrupt Bed Bath & Beyond encouraged retail investors to buy shares....
...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...
...Bed Bath & Beyond disclosed last month that two loan facilities totalling nearly $1.5bn were in default....
...Shares of Bed Bath & Beyond fell by more than a fifth after the US home goods chain and said it received a notice of default from JPMorgan and did not have enough cash to repay its debts of more than $1bn...
...Shares of Bed Bath & Beyond fell by more than a fifth after the US home goods chain and said it received a notice of default from JPMorgan and did not have enough cash to repay debts of more than $1bn to...
...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, the US home goods chain, has warned that there is substantial doubt about its ability to continue as a going concern, raising the prospect of one of the country’s largest retail bankruptcies...
...Bed Bath is a favourite with some retail traders who have a penchant for so-called meme stocks such as Gamestop and AMC Theatres, and a hostile attitude towards short sellers....
...The thrum of rushing passengers reverberated beyond the door of a bathroom cubicle in a distant corner of Oslo airport....
...A dozen US retailers have already filed for bankruptcy this year, including Bed Bath & Beyond and Christmas Tree Shops....
...In the past two years, he has added to a long list of acting for prominent retail names facing collapse — including Bed Bath & Beyond and Cineworld, which emerged from Chapter 11 proceedings in July....
...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....
...But the bankruptcy of Bed Bath & Beyond shows how refinancing can be punishing or even impossible for some businesses....
...It comes as investors have spent almost $200mn trading theoretically worthless shares in Bed Bath & Beyond since the retailer went bankrupt at the start of May, in the latest iteration of the US meme stock...
...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....
...A few readers made a return from shorting two of the original meme stocks: GameStop (down 10 per cent) and Bed Bath & Beyond (down 97 per cent), but most investors lost money betting stocks would go down...
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