BBBY stock rumors....Ryan Cohen potentially buying

Huh

It’s up after hours and this is the lowest it’s been in months

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

Been doing pretty good since I posted. May be worth a look.

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