400M market cap on a 8B revenue company is comical, ofcourse they still need to find a way to get stop their numbers from deteriorating. bring new people on, sell of baby and maybe close the worst performing stores. the company is still a household name and i don't see it going bankrupt so buying some leaps on top of shares can't hurt.
Is revenue as important as profit? If I have a company where I give people $100 in exchange for $98, and 80 million people line up for my service, how much would you invest?
I’ll be assigned 500 as well at $6.50 Friday for a total of 1000 shares in my collection. Will make my cost basis about $7 at face value… but I have been selling calls down and taking a position with puts. So cost basis is more like $6ish at this point
Not everything is attacked. Yeah, the reports coming out ahead of earnings were bad, but the actual Earnings was abysmal. Nearly 300% worse than analyst estimates.
I see BBBY more like if Cohen had stepped in to fix AMC before it's original run up. It needs a serious turn around and firing the CEO seems like a great start. I doubt there's a case for MOASS with BBBY like there obviously is for GME but still highly likely to be one hell of a play.
I saw some possible DD deleted off WSB now (I think it's posted in another sub but idk this sub's cross posting rules) that BBBY has a peak almost every 18 weeks like clockwork.
You can pick up the same calls cohen did for a couple bucks. I personally believe they will sell their baby line before the end of the year for a couple billion. It’s as very cheap play, so why not. just holding a few calls, no commons.
If RC buys his full stake and then influences to do a reverse split, let's be honest the stock is down 85% over 1 year, so a reverse split would every possible and it might kill that short position and make BBBY GME 2.0
I was wondering whether the price so low, and shorting so high, that a reverse spilt might happen. Also wondering if Cohen has been loading up at these prices.
Right now 1/23 $5 puts are $2.04. This doesn't seem like the worst use of some cash that I'm not sure what to do with. Especially considering it would need to be under $3 by January to be considered a loss.
Is it accurate that they have less cash on hand left than they lost in Q1 or am I missing something. Better sell baby or they could be filing chapter 11 by next quarter if that is true.
There is no time or cash left for the Board to deliberate. They’ll need to figure out how they’re going to raise cash before year end bc they just burned more than 300m of their roughly 500m on hand. I’m in it to win it, or I’ll have a tax write off
400M market cap on a 8B revenue company is comical, ofcourse they still need to find a way to get stop their numbers from deteriorating. bring new people on, sell of baby and maybe close the worst performing stores. the company is still a household name and i don't see it going bankrupt so buying some leaps on top of shares can't hurt.
They need to handle their debt. If they do that, I see it rocketing.
Is revenue as important as profit? If I have a company where I give people $100 in exchange for $98, and 80 million people line up for my service, how much would you invest?
Keep baby. sell the rest.
Loading up at 5 dollars. GME is 99 percent of my portfolio, bbby is the other 1 percent
I’m 92% GME and 8% bbby @ 8.21 better than most busy still big oof
If I had money for an award I’d give it to you
Same. Xxxx holding GME. Bought 300 shares for fun @ 7$ Bbby
XXX GME (100% DRSed), XXXX LRC (LoopringWallet), XXX BBBY
Hey me. You are looking sexy today.
Same
I picked up my first 1000 shares today at $5
I'm gonna be assigned another 1000 shares at $6.50 a pop on Friday so I have no choice but to be bullish on it.
I’ll be assigned 500 as well at $6.50 Friday for a total of 1000 shares in my collection. Will make my cost basis about $7 at face value… but I have been selling calls down and taking a position with puts. So cost basis is more like $6ish at this point
I’m getting assigned 300 shares at $20 on 8/17. FML…too expensive to buy back but I was hoping for an OPEX run. Hopefully mid July does it
HEy. In the exact same situation man nice :D
It's definitely gme 2.0 in that I'm holding heavy bags and keep rage buying
wasn’t as interested but at these prices 👀
Ya I'm down over 60% so you could say things are going great. 80%+ short interest according to someone on Reddit.
Man did it get attacked hard. Even a day before earnings there were articles singling it out for cutting back on AC usage in stores.
Not everything is attacked. Yeah, the reports coming out ahead of earnings were bad, but the actual Earnings was abysmal. Nearly 300% worse than analyst estimates.
Yeah I'm getting savaged, but fuck it. Bought more today
Got totally wrecked. Fortune comes to the ignorant? Right, right?
I see BBBY more like if Cohen had stepped in to fix AMC before it's original run up. It needs a serious turn around and firing the CEO seems like a great start. I doubt there's a case for MOASS with BBBY like there obviously is for GME but still highly likely to be one hell of a play.
The BBBY options chain is screwed up and has no gama max. If it breaks free of the put wall it's a big ?? how high it will go.
I saw some possible DD deleted off WSB now (I think it's posted in another sub but idk this sub's cross posting rules) that BBBY has a peak almost every 18 weeks like clockwork.
What date do you predict the next peak will be?
I’ll pass. I can only afford to hemorrhage money on one RC play at a time
When profits
I wish I had this kind of discipline back in April when I bought in at $18
BBBY has a rising RSI with a falling price, divergence is bullish
You can pick up the same calls cohen did for a couple bucks. I personally believe they will sell their baby line before the end of the year for a couple billion. It’s as very cheap play, so why not. just holding a few calls, no commons.
If RC buys his full stake and then influences to do a reverse split, let's be honest the stock is down 85% over 1 year, so a reverse split would every possible and it might kill that short position and make BBBY GME 2.0
I was wondering whether the price so low, and shorting so high, that a reverse spilt might happen. Also wondering if Cohen has been loading up at these prices.
Grabbed 2000 today. Maybe some more leaps tomorrow.
No, but I think it’s undervalued.
Right now 1/23 $5 puts are $2.04. This doesn't seem like the worst use of some cash that I'm not sure what to do with. Especially considering it would need to be under $3 by January to be considered a loss.
Shorts holding till bankruptcy man I dunno bout bbby
That's a long time to hold on. This company still makes billions every year. It isn't going bankrupt anytime soon.
Yup bought a bunch today at discount price
Never know what might pop! If one pops they should all pop! Membaskett ! I own lots of gme I'm for papA Cohen
8000 shares at 6.80 average bullish as fuck. Also have 90 2024 $5 leaps as of today with a $2.95 average. Either make a mint or lose 80k.
I mean it's finally down to a price where I can start selling ccs. So there's that
Picked up 300 shares today
Is it accurate that they have less cash on hand left than they lost in Q1 or am I missing something. Better sell baby or they could be filing chapter 11 by next quarter if that is true.
Yep! It sure is
Options play…….not shares
There is no time or cash left for the Board to deliberate. They’ll need to figure out how they’re going to raise cash before year end bc they just burned more than 300m of their roughly 500m on hand. I’m in it to win it, or I’ll have a tax write off
If that's true, they're gonna need to sell Baby just to survive (assuming RC's board members can get such a deal done).
more like AMC 2.0. im a bagholder lol
I can’t. BBBY is not a play. Just because RC made a play isn’t enough for me.
I don't think he made a play. He used the Icahn method of buying a bunch of ownership to have influence.
Both headed for bankruptcy
Gme 2.0? We have some smooth brains who still have money? Or a diversion from the one and only gme?.