Scary to read about this Wall Street expert saying that Bed Bath won’t exist this time next year. Please everyone take care of yourself and your livelihood.
https://finance.yahoo.com/news/bed-bath-beyond-will-be-gone-by-this-time-next-year-analyst-says-190559291.html
Although it is not true about the severance remark I would not bank on it being as much as those who were already let go.
Not true about severance. Bankruptcy judges always make sure employees are paid (if laid off) before creditors.
Plan for bankruptcy by April/May. Also, no severance packages under bankruptcy, but liquidators may offer a retention bonus to stay until the end.
@1oxz+1kpl0Fy6 Maybe there is a chance? Sales tanked hard during the most important time of the year. Nobody was even shopping with us way before Thanksgiving. Who is coming to BBB to shop now? Sales have been at a loss for four straight years each and every quarter. BBB is 577 million in the ho-e AFTER liquidating everything they own. You are kidding yourself if you think this company has a chance. Using RC as an example of "a chance" is pure lunacy. He bought in, pumped up the stock, made millions then ran before the bottom dropped out. What does RC making millions off falsely inflated stock have to do with the survival of the company? Also how long now have they been promising freight coming in to the stores? Who out of all the vendors we owe tons of cash to is going to be shipping us merchandise?
still yapping about things you know nothing about. If rc can make money off of us then there is a way out
Not to say that if freight does flow as promised these next few weeks then
maybe a chance. If not we are done
No equity left for shareholders.
Bankruptcy increasingly more likely.
"You can see that shareholder equity is negative $577 million. In other words, Bed Bath & Beyond owes so much to creditors that it could liquidate all of its assets and would still fall $577 million short of paying everyone back."
https://www.fool.com/investing/2022/12/29/is-bed-bath-beyond-stock-heading-for-a-bankruptcy/
OUCH!
Analyst is just voicing an opinion. And indeed we all know it is a distinct possibility. I also know the memers are on here frequently and don't want you to derail their distant gravy train. You can consider the source of the analyst, but also consider the source of the comment.
this analyst is the worst of the worst. He follows failing companies and makes it seem like he is a financial genius. but in reality he is just spouting facts that 99% of the world already knows. See what he is saying about best buy now.
Analyst is a tool. Gone way earlier than that
They’ll be gone in less than 2 months