BBBY filed for Chapter 11 bankruptcy protection : https://finance.yahoo.com/news/bed-...s-collapse-dooms-home-retailer-114602455.html " Bed Bath & Beyond (BBBY) filed for Chapter 11 bankruptcy protection on Sunday after a years-long decline in sales doomed the home goods retailer. [...} "
It's about damned time. Let's see if the WSB fools try to shake out the shorts this time. Meme me baby! HAHHA!
Have you ever been inside a BBY? It's a clusterfuck mess of retail merchandising and organisation. Truly bad. It reminds me of a Home Depot but without the blaring orange color. Shopping there is NOT pleasant.
It's worse than Home Depot... at least Home Depot sells useful stuff; tools, lumber and whatnot. Shopping at BBBY is like rummaging at the estate sale of a recently deceased cat lady. Lots of different bar soaps, scented candles, kitchen shit no one in their right mind needs, and overpriced shower curtains. I'm not clipping coupons out of the Sunday circular to save 15% on shower curtains. TGT and WMT ate BBBY and shit it out for breakfast.
The apes on BBBY Reddit are saying it’s bullish. 20% coupons that expire in three days, that’s bullish too! “The market mechanics behind why the Chapter 11 filing - and the prospect of BBBY becoming BBBYQ - really could set up a Short Squeeze situation for *current* shareholders”. Reddit BBBY
BBBY filed for a chapter 11 bankruptcy - there shares are worthless now, the stock is likely to get delisted. The shorts already won this. The retail brick & mortar apocalypse grinds on. Who will be next?
And those foolish investors would talk about short squeeze because the foolish investors were hoping and hoping for the white knight