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BBBY stock rumors....Ryan Cohen potentially buying
Posted on 7/6/22 at 5:10 pm
Posted on 7/6/22 at 5:10 pm
Saw a rumor that Ryan Cohen (GME) may be buying them out. If this happens, what do you expect to happen to BBBY stock?
LINK
quote:
Ryan Cohen owns nearly 10% of the company's total stock. And he may have had something to do with the change in the company's command.
LINK
This post was edited on 7/6/22 at 5:13 pm
Posted on 7/6/22 at 5:24 pm to CajunTiger78
Huh
It’s up after hours and this is the lowest it’s been in months
It’s up after hours and this is the lowest it’s been in months
Posted on 7/6/22 at 6:40 pm to CajunTiger78
Their business mode is about as bad as gamestops, so why not.
Will have 2 failed companies on his resume.
Will have 2 failed companies on his resume.
Posted on 7/6/22 at 6:58 pm to CajunTiger78
Been monitoring it. It’s the same model as GameStop for Cohen’s purposes. It’s a company with a small, loyal customer base and staff that are more knowledgeable about their product lines than Amazon/Walmart. Mostly brick and mortar but significant online potential. Heavily shorted and very cheap share price bc of it. Cohen thinks he can come in and transform the business model while maintaining the mission and the base clientele and significantly cut costs and expand the customer base. He’s right, if he can get leadership behind him or force out the old heads for new leadership in his style. Main concern would be whether he has the time to make BBBY a priority
Posted on 7/7/22 at 8:43 am to Upperdecker
Tldr
I put 10 grand into this yesterday after hours
Y’all think it’s gonna keep going up
I put 10 grand into this yesterday after hours
Y’all think it’s gonna keep going up
Posted on 7/8/22 at 9:30 am to el Gaucho
Been doing pretty good since I posted. May be worth a look.
Posted on 7/8/22 at 12:31 pm to CajunTiger78
Could be a great deal for GME and BBBY if Cohen buys them both and can unify the bankruptcy proceedings.
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