Has anyone been watching the stock price? What do you think this will mean fir the company? I’m getting a little nervous now.
https://markets.businessinsider.com/news/stocks/bed-bath-and-beyond-stock-price-plummets-february-bankruptcy-2023-3
12 replies (most recent on top)
Went to a store today
No traffic
Faked out end caps with empty Keurig boxes
Display vacs no stock
Bedding walls blocked out with curtains
No staff
HBA and travel sizes???? Messy area.
Reminded me of Sears ending
No brands
Hurry up and close already
You're just now getting nervous? Have you been living in a cave? Take control of your future.
They should just keep the doors locked after closing tonight and never open them again.
The price for one share of stock in this Fortune 500 company (well not anymore) is less than a candy bar. Haha.
Chase would have any normal deadbeat in court by now but let Bloodbath walk.
Not to mention the money they did get that "staved of bankruptcy" is gone already. Where is the money going to come from to simply keep the lights on going forward? There is nobody shopping at BBB. Now with a much smaller footprint the stores left would need heavy traffic with tons of people leaving actually purchasing something.
my favorite is seeing the redditors get all excited that 'bankruptcy is off the table' because the company made one interest payment.....a month late.....
BBB management knows exactly how bad it is, Reddit is talking about bankruptcy is off the table and cash positive next quarter… Meanwhile utility bills are going unpaid, some stores have been out of shopping bags and toilet paper for months on end, trash not getting picked up, stores are not receiving trucks for weeks/ months and what little freight is flowing is owned brand junk.
There is absolutely no chance in he-l they will be close positive in the near future. Thank god I got out when I did, and I can confirm it’s absolute chaos behind the scenes right now.
Many did not make it past January. Either you live in bubble, denial, or are a memer. Even though you are still there, how is business looking? There is nothing remotely positive about this company.
They said we wouldn’t make it past Jan, but yet, here we are.
So NOW you are getting nervous? Where have you been the past year? BBB will not make it past August. If you have not realized that yet you best wake up and start looking for a job.