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jimboston wrote:When’s the last time you were in a BBB store?
jimboston wrote:https://www.cnbc.com/2022/08/18/activist-investor-ryan-cohen-completes-planned-sale-of-bed-bath-beyond-stake.html
Good thing all you retail investors did your short squeeze!
Made Cohen a cool $59 million. Nice! Success!
mookiemcgee wrote:jimboston wrote:https://www.cnbc.com/2022/08/18/activist-investor-ryan-cohen-completes-planned-sale-of-bed-bath-beyond-stake.html
Good thing all you retail investors did your short squeeze!
Made Cohen a cool $59 million. Nice! Success!
Much wow, great success!
jimboston wrote:mookiemcgee wrote:jimboston wrote:https://www.cnbc.com/2022/08/18/activist-investor-ryan-cohen-completes-planned-sale-of-bed-bath-beyond-stake.html
Good thing all you retail investors did your short squeeze!
Made Cohen a cool $59 million. Nice! Success!
Much wow, great success!
Yeah… success for Cohen.
Now he’s divested himself from the company and it’s in an even worse position than before.
Bed Bath is one of the public companies swept up in the so-called “meme trade,” which sees stocks experience wild price swings based on social media hype among retail investors. In August, Bed Bath had multiple days with price moves of more than 20%.
In mid-August, activist investor Ryan Cohen, a major Bed Bath shareholder, exited his position. Cohen’s RC Ventures sold its Bed Bath holdings at a range of prices between $18.68 per share and $29.22 per share. After the sale, the stock plummeted 40%.
Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. Arnal is named in the suit, as is Cohen.
jimboston wrote:What’s BBBY priced at today?
Under $9.
Oh yeah…interesting the CFO committed suicide…
https://www.cnbc.com/2022/09/04/bed-bat ... -says.html
Nothing to see here… BBBY is still a great investment!Bed Bath is one of the public companies swept up in the so-called “meme trade,” which sees stocks experience wild price swings based on social media hype among retail investors. In August, Bed Bath had multiple days with price moves of more than 20%.
In mid-August, activist investor Ryan Cohen, a major Bed Bath shareholder, exited his position. Cohen’s RC Ventures sold its Bed Bath holdings at a range of prices between $18.68 per share and $29.22 per share. After the sale, the stock plummeted 40%.
Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. Arnal is named in the suit, as is Cohen.
mookiemcgee wrote:jimboston wrote:What’s BBBY priced at today?
Under $9.
Oh yeah…interesting the CFO committed suicide…
https://www.cnbc.com/2022/09/04/bed-bat ... -says.html
Nothing to see here… BBBY is still a great investment!Bed Bath is one of the public companies swept up in the so-called “meme trade,” which sees stocks experience wild price swings based on social media hype among retail investors. In August, Bed Bath had multiple days with price moves of more than 20%.
In mid-August, activist investor Ryan Cohen, a major Bed Bath shareholder, exited his position. Cohen’s RC Ventures sold its Bed Bath holdings at a range of prices between $18.68 per share and $29.22 per share. After the sale, the stock plummeted 40%.
Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. Arnal is named in the suit, as is Cohen.
Markets are closed today Jim, it's probably opening lower since markets haven't reacted to the suicide (or was he pushed?) news. I bought it at $6 and sold it all at $20+. When papa cohen bailed the writing was on the wall.
It's ok for BBBY though they already secured 400m in financing and plan to issue new shares. Company will survive but short squeeze play ended over a week ago.
jimboston wrote:Very specific… Papa Cohen feeding you some inside info?
jimboston wrote:GME struggling… but still higher than I predicted…
https://www.investors.com/etfs-and-fund ... -nov-2022/
About $26 so that would make the pre-split price just over $100.
So still we’ll over the $20 pre-split value.
I need it to get below $10 to claim victory.
Or just go bankrupt.
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