Is trading in Bed Bath & Beyond Inc stock senseless now that Bed Bath & Beyond Inc has gone bankrupt?
07/05/2023 •
Yes — The majority opinion suggests that trading in Bed Bath & Beyond Inc stock is seen as risky and potentially pointless due to the company's bankruptcy. Although some investors are still buying shares, and there are speculations about potential acquisitions, most of the opinions express skepticism about the value of the stock.
Stats
| 46% | 176 | Mastodon |
| 28% | 109 | |
| 12% | 48 | 4Chan |
| 11% | 44 | |
| 2% | 8 | Hacker News |
| 72% | Negative |
| 21% | Neutral |
| 7% | Positive |
| 32% | 😢 Sadness |
| 30% | 😱 Fear |
| 20% | 😡 Anger |
| 18% | 😃 Joy |
| 0% | 🥰 Love |
| 0% | 😯 Surprise |
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Story
- Bed Bath & Beyond Inc filed for bankruptcy, an event that has generated mixed sentiment among investors and market observers.
- A significant number of investors, also known as "baggies," have been caught off guard by the bankruptcy, leading to severe financial loss.
- Despite the company's bankruptcy, certain investors continue to purchase Bed Bath & Beyond Inc's stock. Some of them are undeterred by the bankruptcy and perceive potential value in the shares.
- There are individuals who maintain a bullish sentiment on Bed Bath & Beyond Inc, claiming that the company is not genuinely bankrupt and expressing confidence in its potential recovery.
- Critics argue that the company's trading activity is now futile due to the bankruptcy. They accuse Bed Bath & Beyond Inc of squandering billions on stock buybacks, contributing to its downfall, and call for taxing billionaires and unionizing workers.
- There is a belief among some investors that Ryan Cohen could potentially acquire Bed Bath & Beyond Inc following a reverse stock split.
- Several investors argue that stock buybacks carried out by Bed Bath & Beyond Inc have led to its bankruptcy. The company is criticized for prioritizing these buybacks at the cost of its operational health.
- Some individuals speculate about the possible emergence of a buyer for Bed Bath & Beyond Inc that could avert store closures and liquidation.
- A segment of commenters highlight the irony of the company's obsession with stock prices, leading to bankruptcy, and emphasize the need to focus on overall corporate health.
- The bankruptcy has led to contrasting outcomes among different types of investors. Short sellers reportedly profited from the bankruptcy, whereas retail traders suffered losses.
- Several investors believe that the company's shares are anticipated to have no value. However, retail investors still hope for significant gains.
- Overstock is said to have purchased assets from Bed Bath & Beyond Inc during the bankruptcy process, but they did not buy the company itself.
- There's a prevalent notion that Bed Bath & Beyond Inc's bankruptcy is an outcome of corporate greed and executive misconduct.
- Despite bankruptcy, certain individuals still view Bed Bath & Beyond Inc's stock as a viable investment, and some hedge fund managers recommend selling the company's shares.
- Some individuals speculate that Ryan Cohen might drastically alter GameStop and merge it with Bed Bath & Beyond Holdings under a new CEO appointed by him.
- There's an understanding that stock buybacks were a principal cause of Bed Bath & Beyond Inc's bankruptcy as they caused a significant financial gap in the company's funds.
- Management's poor decision-making, including carrying out stock buybacks after profitability ceased, was another factor contributing to the bankruptcy.
- Bed Bath & Beyond Inc's bankruptcy is considered to have had adverse effects on its employees, leading to job losses without severance.
- The company's pre-bankruptcy stock buybacks, which were funded through loans and allegedly led to its downfall, are perceived as corrupt practices that only briefly inflated stock prices.
- It's noted that if all creditors are fully repaid via asset liquidation, shareholders might receive a minor cash payout.
- The buyback strategy employed by Bed Bath & Beyond Inc is compared to other companies like