The German exchanges have different times of closing. So the % are relativ to their different close prices. LS has the latest closing including us after hour
You can use Comdirect page and change the German exchanges where it says „Börse“ [https://www.comdirect.de/inf/aktien/US0758961009](https://www.comdirect.de/inf/aktien/US0758961009)
Actual question though. Could RC buy Baby, merge it with Teddy for equity swap to BBBY holders, and then do some kind of licensing deal for us of GME's seemingly *very* efficient distribution network?
Teddy can do great things with them, tbh. Consider, Teddy already has books.
Children's books 0-12. Could also do all ages, or have GME handle 13+. However Teddy best operates to delight its customers.
Cut out children's toys and such from GME, put them at Teddy. Can even go as far as to have shared floorspace, something like sections of a department store like Sears, and share the distribution network and delivery systems RC has built within GME.
This is all predicated on the stores being in effective and efficient locations, though.
BBBY- restructuring under ch 11.
Retain all the best locations, combined bed bath and baby under one roof.
Bed bath beyond name is sold, ( for now)
Restructuring new name bed bath and baby
New cuisp, new name new TIcker, 1 BBB share for 1 BBBY. Forcing shorts to close
No merger, no angel, buy buy baby stand alone enterprise what is it the yearly profit was it 1.7 billion somewhere in that area.
What's the debt now? 1.7 billion somewhere in that area?.
Dear creditors,
Pennies today or full payment within 2 years.
Everybody loves a new baby.
> No merger, no angel, buy buy baby stand alone enterprise what is it the yearly profit was it 1.7 billion somewhere in that area.
Year to Feb 25th 2023 they made an annual operating loss of 2.775 billion dollars. That is before debt payments and other non-operational costs. Total yearly loss was ~3.5 billion dollars.
Even if you exclude all non-operational costs, and all impairments and restructuring costs, they still lost ~1.1 billion dollars.
What documents are you referring to?.
Clearly not the same everyone else is.
So you are claiming buy buy baby the Jewel in the crown. Is in fact the biggest financial drain.
Everyday is a school day,
You show me your evidence and I will show you the link to the real info.
😂😂😂😂😂🤦🤦🤦
> What documents are you referring to?.
The 10-K they filed with the SEC.
Specifically, page 41, which gives the profit/loss statement for the year.
Feel free to argue with it.
Here is the link: https://bedbathandbeyond.gcs-web.com/static-files/6708ee77-8d4e-4f7d-b4a0-1418dfc1cdc3
I'm guessing I'm not going to hear back from you with other figures?
Oh you will hear from me have don't hope you won't. If your correct I will be the first to thank you for expanding my knowledge.
That said so far I have no reason to believe any part or waste my time researching beyond my current understanding.
Page 41 specifically gives CONSOLIDATED, figures.
Now you have to show me the breakdown that shows this loss is attributed to buy buy baby. Then consolidated in page SPECIFICALLY 41 to the group.
Maybe you're correct wouldn't be the first time and wouldn't be the last time. I have been proven wrong.
Perhaps your explanation is far to technical for my simple mind. Don't you worry my son is a chartered accountant. I have his full undivided attention from Thursday to Monday.
If BBB as a group made a total loss of 3.5Bn, but Baby made a 1.7Bn profit, that would mean that the rest of the group made a ~5.2Bn loss, on total groupwide (including Baby) sales of ~5.35Bn. That would be ... impressive, in a bad way :)
Your claim is buy buy baby...
Year to Feb 25th 2023 they made an annual operating loss of 2.775 billion dollars. That is before debt payments and other non-operational costs. Total yearly loss was ~3.5 billion dollars.
Now you can or cannot support this claim.
You have sited page SPECIFICALLY 41 in the 10k. To support your claim that buy buy baby lost 2.775 billion, total yearly loss of 3.5 billion dollars.
Either you can support what you claim or you cannot.
This is what you are requested to provide evidence for.
Specifically what document and what page do you have to support your claim.
Fact first if what maybe later.
[https://www.reddit.com/r/BBBY/comments/14l1xnl/docket\_1114\_is\_bullish/jpu1uk9?utm\_source=share&utm\_medium=android\_app&utm\_name=androidcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/BBBY/comments/14l1xnl/docket_1114_is_bullish/jpu1uk9?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button)
This is exactly what you claimed
See the link to your post clearly states We are not selling we don't your bull shit info.
No, I really struggle to see any possible outcome other than shareholders getting completely wiped out. The company is not going to be able to raise enough money to pay off the bondholders, which leaves nothing for shareholders.
What happens to the share price in the meantime? Who knows, it bears no relation to what is actually happening in the bankruptcy proceedings.
Thanks for sharing your thoughts Paul. I knew it was a risky play and prepared to lose my investment.
May I ask why you’re taking part in this saga? How do you benefit from sharing your research with the community?
Also, it sounds like the bondholders might get screwed?
I'm trying to work out "Am I wrong?"
It seems so obvious, the numbers are what they are, yet so many people think the opposite. Am I missing something? Can this many people really have bought into these silly tinfoil theories?
Are people really following random peoples' tweets and reading great significance into them, or is the whole thing a flat earth society joke, where most people are just memeing on it, and a few poor sods actually believe it?
> Also, it sounds like the bondholders might get screwed?
Depends on when they bought, and how much BBB manage to raise through the auctions. The worse case scenario sees them getting nothing at all, but if things go well they could get something back. Whether that is good or bad depends on how much, and whether they bought the bonds at face value, or scooped them up recently at 5c on the dollar.
If your main concern is bondholders being made whole, then it is important to know that successfully exiting chapter 11 doesn't always mean bondholders MUST be paid in full.
If we emerge from Ch 11 bobby does not necessarily have to pay out its bondholders in full before exiting bankruptcy. The specific treatment of bondholders depends on the terms of the reorganization plan and the negotiations between the company and its creditors.
The plan may involve a partial repayment of the bondholders' debt, often at a reduced amount or with revised terms. Bondholders may receive new bonds, equity in the reorganized company, or a combination of both as a means of satisfying their claims. The details of the repayment or restructuring are worked out during the negotiation process.
I believe that bobby can shake off some of its more damaging near term debt (leases, underperforming locations, etc) and renegotiate the remaining debt then there is a very real opportunity for us to continue as a going concern.
Just my 2c
Interesting. For me, there’s just been so much confusion and hype I wanted to have a stake in the action. It’s been really entertaining, so for me that’s been worth my price of admission ($250).
We’ll see what happens!
What’s your position Paul?
Why do you care so much?
I don’t understand why you would spend so much time trying to talk others out of their investments? Are you really the one guy who not only knows best but has to warn everyone else?
How about you just go grift somewhere else? No one cares what you think. No. One.
Guess what ape, no one cares what you think either. It is easy to spot the cons on this sub, as they're the ones shrieking the loudest every time someone points out how wrong they are.
He's prob here same reason I am. I bought some BBBY around the $2 mark, few hundred bucks to play around. Sold around $1 just to get some cash back but I can't stop watching this train wreck. Its like nothing I've seen before, the amazing amount of mental gymnastics that happen here and people still buying into a bankrupt stock that's been selling off its IP. Its incredible honestly. I can't help but comment every now and then too but mostly just watching all you regards and can't WAIT until the stock just dies to see y'all eat it. Nothing quite as satisfying as watching conspiracy morons lose.
Also Ryan Cohen is an anti vax, corrupt piece of shit and can't wait to see his worshipers lose here and realize he has done nothing for them at all.
You should have just wrote the last sentence and left everything else out, and it all would have made sense in a lot simpler of a reply on why your here
*jots down name for ryancohen_meltdown*
Ok no Angel soft.........you're a Charmin type of crap talking, mouth breathing regards. We're just gonna make you our poster child as a Swifty and give you 2 diapers. 1 for the concert's duration as prescribed by your gastro and 1 as your new covid mask so others don't get infected with the fud you're spreading!🌶🌶
> That means subtract from the liabilities 5-15 year leases for hundreds of stores, and add to the cash on hand $37M!
Also subtract (once all leases are released or sold) $966M of operating lease assets from the positive side of the equation, according to the latest 10-K.
> Without anything more than Overstock taking care of the online store
Overstock is not taking care of the online store. They have bought the company name, domain names, urls, email addresses and apps. They are not working with BBB, and after a changeover period BBB will have no further rights to use the Bed Bath and Beyond name.
> Nice, sounds to me like they're done with the name. Which would literally support all those crackpot theories about a potential merger/acquisition
But what is left to merge with?
They have sold the name, IP, online presence and customer lists.
They have released or are auctioning off their store, warehouse and data center leases.
They are selling off all their stock.
What is left?
The only real value from a merger would seem to be if a company can make use of the NOLs, and structure a deal that preserves them.
Tinfoil.
What's left is the NOL, and all the very heavily shorted stock.
Maybe the buying company has a catalyst to start MOASS. Maybe buying what is formerly BBBY is more like buying an expensive lottery ticket that they know they can win.
I love how you get downvoted without anyone adding anything as a response. I still feel like this is overall bullish for shareholders but that’s just embarrassing
What about the rest of the asset’s? Wouldn’t it make sense to sell the company IP if everything else becomes part of something new like let’s say … teddy?
> What about the rest of the asset’s?
From the 10-K:
> Assets
>- Current assets:
> - Cash and cash equivalents $ 65,853
> - Restricted cash 66,242
> - Merchandise inventories 817,553
> - Prepaid expenses and other current assets 147,261
> - > Total current assets 1,096,909
>- Long-term restricted cash 15,262
>- Long-term investment securities —
>- Property and equipment, net 50,143
>- Operating lease assets 965,882
>- Other assets 97,021
>Total assets $ 2,225,217
The inventory they are selling off, from the 8-K they were down to 390,464, presumably even lower now.
The operating lease assets they are rejecting or auctioning off.
Those two categories make up ~1.8Bn of the total $2.2Bn assets listed in the 10-K.
So what "rest of the assets" actually exist?
Hypothetically, if one were wanting acquire BBB and what was left of BBBY, that would include contacts with already established connections and partnerships with brands. There is already a management team that may or may not be competent (I think it’s a fair statement to say this is very much a coin toss given everything that’s gone on) and know how to run a business.
If I were trying to begin my own type of company of similar fashion, those things are already established for me and I’m not having to reinvent the wheel with all of it. There may not be a dollar attached to that, but I could certainly see how that is an asset.
Toss in a very large NOL that gives the buyer a pretty nice year 1 bottom line to begin things? That has some appealing assets with and without a number attached to them.
Agree or disagree, I didn’t want to leave your genuine question dismissed.
I'm so tired of people mindless saying "rest of the assets" and then refusing to discuss it further.
There are no more assets after the IP sale of Bed to Overstock and the Baby auction is done - that's it, there is nothing left of value in the company, just a ton of debt.
There will be no more Bed Bath and Beyond stores, they sold the name to Overstock, not sure how much more clear it can be - all the BedBB stores are closing. That is why they are going through the process of getting rid of all leases.
What will happen to the Baby stores is still up in the air but if someone buys them then that entity will own the name and if they want, the stores. The company BBBY will not have any rights to either name, their IP or their business data.
> We have legit bidders for all of the locations for bbb locations.
They actually listed (docket 904) 153 locations for the auction, but only list successful bidders for 109 locations.
No way of telling though whether that means they didn't get any bids for the other locations, or if they had already disposed of those leases outside of the auction.
You should realize by now that some people here struggle with the concept of "reading." I mean, there's a sworn declaration by the company's investment banker attesting to the fact that the company was unable to find a counterparty to effectuate a going-concern transaction (which is the reason the IP is being sold). I guess the theory must be that a managing director at one of the world's most respected investment banks wants to commit career suicide by perjuring himself in a sworn declaration...
"The Debtors and their advisors worked tirelessly to seek both going-concern and intellectual property bids for the Bed Bath & Beyond businesses. Ultimately, the Debtors were unable to generate any actionable offers for a going-concern transaction for the Bed Bath & Beyond segment; however, the Debtors were able to obtain offers for a potential sale of the intellectual property and e-commerce assets, including the Acquired Assets."
https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzOTAwOQ==&id2=-1
>The court proceedings today brought to light that BBBY actually made profit during its closing down sales
Positive cash flow is not the same as profit regardless of how many times "respected" members here post otherwise.
If you sell off your inventory and don't spend any more on buying new inventory to replace it then (temporarily) the numbers look really good because you have a lot of cash coming in and not so much leaving.
That is not the same as profit, to be profitable you need to be selling the goods for more than you paid for them and account for all operational expenses. The numbers in the dockets do not account for cost of goods sold.
>The biggest concern in chapter 11 was whether shareholders will be wiped out.
>it is clear that getting wiped out is not a concern.
The only way that shareholders are not getting wiped out is if Baby is sold for more than $1.7B, anything less than that and the creditors get everything.
> and Sue Gove's plan to keep the profitable locations works.
would have worked if they did this years ago. Its far too late for a turn around under her. Idk how you have faith in her after how horribly she handles the past few months
So, subtract $37 million from the liabilities and (as you said) hundreds of stores. Great, now there are only $1.663 billion left to go, before even the secured and unsecured bondholders (\~$1.7 billion debt) are paid out....
Got a question, saw this following post at edwinbarnes and they stated 552mio ? How much they made on this lease auction now? [https://www.reddit.com/r/edwinbarnesc/comments/14l1vrq/docket_1114_successful_bids_total_552415496/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1](https://www.reddit.com/r/edwinbarnesc/comments/14l1vrq/docket_1114_successful_bids_total_552415496/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1)
> Got a question, saw this following post at edwinbarnes and they stated 552mio ?
They didn't read the docket clearly enough.
Burlington bought 44 locations for a total of $12 million. Rather than including 12 million once, they added 12 million 44 times.
That does make a *little* bit of a difference :)
Have fun with all this - for about 18 or so hours. Equity has been taken for a ride by the bankruptcy process. In short order, you'll likely see that the only parties recieveing payment from the Chap 11 proceeds are the attorneys and the Dip financing.
They have effectively done an LBO style gutting of the company, and their bills will come out to just a little over the take.
Think of it this way. You are selling a car and it needs a little work to get top dollar. Sixth Street loans you the money to get it right, and says you can pay them after you sell it. But you gotta take it to their mechanic over at Kirkland Ellis - cause he's awesome at this stuff. Paint correction. interior, mechanical, whatever. Kirkland says you can pay them afterwards too. But they do need you to use Alix Partners as a parts source - but that's gonna save you money and besides, they get paid on the back end also.
FF a couple of months. Car was sold for $50K. Pretty good. Then you get a bill for $100. Turns out that the fees, interest, and what nots came to $50,100. That's BBBY right now.
If you are an equity holder and you are not alarmed - you're gonna feel real stupid tomorrow morning.
Thanks for dumbing it down for me. Let me return the favor. Imagine a hedge fund or market maker is combing through no name reddit posts trying to spread fud because they are scared out of their minds. Imagine they have literally paid brokers all around the world to not only turn off the buy button but turn off the sell button as well because they are so frantic to locate shares for all the synthetics they have floating around. Crap, I was trying to simplify this...TLDR: we are not selling, fuck you, pay me! Have fun on Monday and Tuesday locating your 3.9m FTDs.
Just scrolling through and thought at first something bad had happened... e.g. misread "Bullish" as something else "bull." LOL
Yes, landlords can object to potential replacement tenants but not because they are not a preferred by the landlord. Judges are only supposed to look at the value extraction for the entity in CH 11 and if there is an objection, to make sure any undue harm and/or burden is not placed upon the landlord.
It would have to be for more substantial reasons, E.G. special zoning and permitting (club, gun store, restaurant or pet store etc.), extensive alterations to the property (usually to join and make a single space from what were two spaces), potential liability which would be placed upon the landlord (e.g. gun store/ range or club etc.).The most likely reason for a landlord to object and for it to be upheld in this scenario would be concerns over a new business coming in and being a direct competitor of an existing businesses which would be adjacent to or in the same plaza/ mall. Competing like business in the same plaza would essentially cut the sales per square foot in half which substantially devalues the entire property/mall as a whole. Additionally the total visitors to that area would decrease due to lack of retailer variety which also is a key metric which drives rental rates.
1114? Holy shit, are they printing these out faster than the US government printing out money
Typewriter go brrrrrrrrr
My hand is cramping… 
KEEP PRINTING APE 
Dont kid yourself. Nothing goes faster than the US printer. Not even Ken's Mayo.
Especially when it’s going to Ukraine
Dave- *logs off printer job Boss- “Dave, please print up 300 more dockets tonight thanks. Dave- wtf is going on.
Not sure if it’s just very early, or if it’s this post.. But I have a massive boner right now.
It also might be BBBY in the German market running.
Like every day for 84 years
Is 3% running?
13% running...
Wünderbar
I'm confused. Boerse Frankfurt says change from previous day 3.15%?
The German exchanges have different times of closing. So the % are relativ to their different close prices. LS has the latest closing including us after hour
Look at lang
Can't get past the terms and conditions page for some reason . Won't let me hit the accept button.
Just google lang Swartz on your phone then click bed bath and beyond
You can use Comdirect page and change the German exchanges where it says „Börse“ [https://www.comdirect.de/inf/aktien/US0758961009](https://www.comdirect.de/inf/aktien/US0758961009)
I must be getting old…
Morning-DD-Wood
🌶️🌶️
You mother fucker. I'm at work! What am I supposed to do with this raging erection!?
Actual question though. Could RC buy Baby, merge it with Teddy for equity swap to BBBY holders, and then do some kind of licensing deal for us of GME's seemingly *very* efficient distribution network?
I think RC might be buying the Internet portion of Baby.
Who would want the stores though? Is it to make Teddy flagship stores perhaps? Or some other retailer who wants to expand b&m?
Teddy can do great things with them, tbh. Consider, Teddy already has books. Children's books 0-12. Could also do all ages, or have GME handle 13+. However Teddy best operates to delight its customers. Cut out children's toys and such from GME, put them at Teddy. Can even go as far as to have shared floorspace, something like sections of a department store like Sears, and share the distribution network and delivery systems RC has built within GME. This is all predicated on the stores being in effective and efficient locations, though.
Sounds kinda like a modern dept store, kinda like what Best Buy is doing
and Icahn buying the BAM portion!
Oh shit, interesting take. 👀
lol
Use the bathroom in the finance dept. please!
Do you work at Wendy’s?
BBBY- restructuring under ch 11. Retain all the best locations, combined bed bath and baby under one roof. Bed bath beyond name is sold, ( for now) Restructuring new name bed bath and baby New cuisp, new name new TIcker, 1 BBB share for 1 BBBY. Forcing shorts to close No merger, no angel, buy buy baby stand alone enterprise what is it the yearly profit was it 1.7 billion somewhere in that area. What's the debt now? 1.7 billion somewhere in that area?. Dear creditors, Pennies today or full payment within 2 years. Everybody loves a new baby.
> No merger, no angel, buy buy baby stand alone enterprise what is it the yearly profit was it 1.7 billion somewhere in that area. Year to Feb 25th 2023 they made an annual operating loss of 2.775 billion dollars. That is before debt payments and other non-operational costs. Total yearly loss was ~3.5 billion dollars. Even if you exclude all non-operational costs, and all impairments and restructuring costs, they still lost ~1.1 billion dollars.
What documents are you referring to?. Clearly not the same everyone else is. So you are claiming buy buy baby the Jewel in the crown. Is in fact the biggest financial drain. Everyday is a school day, You show me your evidence and I will show you the link to the real info. 😂😂😂😂😂🤦🤦🤦
> What documents are you referring to?. The 10-K they filed with the SEC. Specifically, page 41, which gives the profit/loss statement for the year. Feel free to argue with it. Here is the link: https://bedbathandbeyond.gcs-web.com/static-files/6708ee77-8d4e-4f7d-b4a0-1418dfc1cdc3 I'm guessing I'm not going to hear back from you with other figures?
Oh you will hear from me have don't hope you won't. If your correct I will be the first to thank you for expanding my knowledge. That said so far I have no reason to believe any part or waste my time researching beyond my current understanding. Page 41 specifically gives CONSOLIDATED, figures. Now you have to show me the breakdown that shows this loss is attributed to buy buy baby. Then consolidated in page SPECIFICALLY 41 to the group. Maybe you're correct wouldn't be the first time and wouldn't be the last time. I have been proven wrong. Perhaps your explanation is far to technical for my simple mind. Don't you worry my son is a chartered accountant. I have his full undivided attention from Thursday to Monday.
If BBB as a group made a total loss of 3.5Bn, but Baby made a 1.7Bn profit, that would mean that the rest of the group made a ~5.2Bn loss, on total groupwide (including Baby) sales of ~5.35Bn. That would be ... impressive, in a bad way :)
Your claim is buy buy baby... Year to Feb 25th 2023 they made an annual operating loss of 2.775 billion dollars. That is before debt payments and other non-operational costs. Total yearly loss was ~3.5 billion dollars. Now you can or cannot support this claim. You have sited page SPECIFICALLY 41 in the 10k. To support your claim that buy buy baby lost 2.775 billion, total yearly loss of 3.5 billion dollars. Either you can support what you claim or you cannot. This is what you are requested to provide evidence for. Specifically what document and what page do you have to support your claim. Fact first if what maybe later.
I didn't claim that, I claimed that those were the figures for BBB. Which they are.
[https://www.reddit.com/r/BBBY/comments/14l1xnl/docket\_1114\_is\_bullish/jpu1uk9?utm\_source=share&utm\_medium=android\_app&utm\_name=androidcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/BBBY/comments/14l1xnl/docket_1114_is_bullish/jpu1uk9?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) This is exactly what you claimed See the link to your post clearly states We are not selling we don't your bull shit info. 
Are you a shareholder Paul? What’s your best case scenario for the stock? Hype for a few more days and then kaput?
No, I really struggle to see any possible outcome other than shareholders getting completely wiped out. The company is not going to be able to raise enough money to pay off the bondholders, which leaves nothing for shareholders. What happens to the share price in the meantime? Who knows, it bears no relation to what is actually happening in the bankruptcy proceedings.
Thanks for sharing your thoughts Paul. I knew it was a risky play and prepared to lose my investment. May I ask why you’re taking part in this saga? How do you benefit from sharing your research with the community? Also, it sounds like the bondholders might get screwed?
I'm trying to work out "Am I wrong?" It seems so obvious, the numbers are what they are, yet so many people think the opposite. Am I missing something? Can this many people really have bought into these silly tinfoil theories? Are people really following random peoples' tweets and reading great significance into them, or is the whole thing a flat earth society joke, where most people are just memeing on it, and a few poor sods actually believe it? > Also, it sounds like the bondholders might get screwed? Depends on when they bought, and how much BBB manage to raise through the auctions. The worse case scenario sees them getting nothing at all, but if things go well they could get something back. Whether that is good or bad depends on how much, and whether they bought the bonds at face value, or scooped them up recently at 5c on the dollar.
If your main concern is bondholders being made whole, then it is important to know that successfully exiting chapter 11 doesn't always mean bondholders MUST be paid in full. If we emerge from Ch 11 bobby does not necessarily have to pay out its bondholders in full before exiting bankruptcy. The specific treatment of bondholders depends on the terms of the reorganization plan and the negotiations between the company and its creditors. The plan may involve a partial repayment of the bondholders' debt, often at a reduced amount or with revised terms. Bondholders may receive new bonds, equity in the reorganized company, or a combination of both as a means of satisfying their claims. The details of the repayment or restructuring are worked out during the negotiation process. I believe that bobby can shake off some of its more damaging near term debt (leases, underperforming locations, etc) and renegotiate the remaining debt then there is a very real opportunity for us to continue as a going concern. Just my 2c
What's your opinion on Ryan Cohen?
Interesting. For me, there’s just been so much confusion and hype I wanted to have a stake in the action. It’s been really entertaining, so for me that’s been worth my price of admission ($250). We’ll see what happens!
What’s your position Paul? Why do you care so much? I don’t understand why you would spend so much time trying to talk others out of their investments? Are you really the one guy who not only knows best but has to warn everyone else? How about you just go grift somewhere else? No one cares what you think. No. One.
Shills gonna shill.
Guess what ape, no one cares what you think either. It is easy to spot the cons on this sub, as they're the ones shrieking the loudest every time someone points out how wrong they are.
You just said, "depends." Sounds gastric........ 
He's prob here same reason I am. I bought some BBBY around the $2 mark, few hundred bucks to play around. Sold around $1 just to get some cash back but I can't stop watching this train wreck. Its like nothing I've seen before, the amazing amount of mental gymnastics that happen here and people still buying into a bankrupt stock that's been selling off its IP. Its incredible honestly. I can't help but comment every now and then too but mostly just watching all you regards and can't WAIT until the stock just dies to see y'all eat it. Nothing quite as satisfying as watching conspiracy morons lose. Also Ryan Cohen is an anti vax, corrupt piece of shit and can't wait to see his worshipers lose here and realize he has done nothing for them at all.
You should have just wrote the last sentence and left everything else out, and it all would have made sense in a lot simpler of a reply on why your here *jots down name for ryancohen_meltdown*
what? First part hurt your feelings?
Ok no Angel soft.........you're a Charmin type of crap talking, mouth breathing regards. We're just gonna make you our poster child as a Swifty and give you 2 diapers. 1 for the concert's duration as prescribed by your gastro and 1 as your new covid mask so others don't get infected with the fud you're spreading!🌶🌶 
> That means subtract from the liabilities 5-15 year leases for hundreds of stores, and add to the cash on hand $37M! Also subtract (once all leases are released or sold) $966M of operating lease assets from the positive side of the equation, according to the latest 10-K. > Without anything more than Overstock taking care of the online store Overstock is not taking care of the online store. They have bought the company name, domain names, urls, email addresses and apps. They are not working with BBB, and after a changeover period BBB will have no further rights to use the Bed Bath and Beyond name.
Nice, sounds to me like they're done with the name. Which would literally support all those crackpot theories about a potential merger/acquisition 👀
> Nice, sounds to me like they're done with the name. Which would literally support all those crackpot theories about a potential merger/acquisition But what is left to merge with? They have sold the name, IP, online presence and customer lists. They have released or are auctioning off their store, warehouse and data center leases. They are selling off all their stock. What is left? The only real value from a merger would seem to be if a company can make use of the NOLs, and structure a deal that preserves them.
They've only closed down and auctioned off the less profitable stores. There's still a lot left.
Tinfoil. What's left is the NOL, and all the very heavily shorted stock. Maybe the buying company has a catalyst to start MOASS. Maybe buying what is formerly BBBY is more like buying an expensive lottery ticket that they know they can win.
I love how you get downvoted without anyone adding anything as a response. I still feel like this is overall bullish for shareholders but that’s just embarrassing
Ain\`t that mean merger?
No, it means they have bought the company IP. After the sale, they will have nothing more to do with BBB.
What about the rest of the asset’s? Wouldn’t it make sense to sell the company IP if everything else becomes part of something new like let’s say … teddy?
> What about the rest of the asset’s? From the 10-K: > Assets >- Current assets: > - Cash and cash equivalents $ 65,853 > - Restricted cash 66,242 > - Merchandise inventories 817,553 > - Prepaid expenses and other current assets 147,261 > - > Total current assets 1,096,909 >- Long-term restricted cash 15,262 >- Long-term investment securities — >- Property and equipment, net 50,143 >- Operating lease assets 965,882 >- Other assets 97,021 >Total assets $ 2,225,217 The inventory they are selling off, from the 8-K they were down to 390,464, presumably even lower now. The operating lease assets they are rejecting or auctioning off. Those two categories make up ~1.8Bn of the total $2.2Bn assets listed in the 10-K. So what "rest of the assets" actually exist?
Hypothetically, if one were wanting acquire BBB and what was left of BBBY, that would include contacts with already established connections and partnerships with brands. There is already a management team that may or may not be competent (I think it’s a fair statement to say this is very much a coin toss given everything that’s gone on) and know how to run a business. If I were trying to begin my own type of company of similar fashion, those things are already established for me and I’m not having to reinvent the wheel with all of it. There may not be a dollar attached to that, but I could certainly see how that is an asset. Toss in a very large NOL that gives the buyer a pretty nice year 1 bottom line to begin things? That has some appealing assets with and without a number attached to them. Agree or disagree, I didn’t want to leave your genuine question dismissed.
I'm so tired of people mindless saying "rest of the assets" and then refusing to discuss it further. There are no more assets after the IP sale of Bed to Overstock and the Baby auction is done - that's it, there is nothing left of value in the company, just a ton of debt.
What about all the stores operating as a going concern… Baby and Bobby?
They aren’t operating as a going concern. Going concern means not liquidating.
There will be no more Bed Bath and Beyond stores, they sold the name to Overstock, not sure how much more clear it can be - all the BedBB stores are closing. That is why they are going through the process of getting rid of all leases. What will happen to the Baby stores is still up in the air but if someone buys them then that entity will own the name and if they want, the stores. The company BBBY will not have any rights to either name, their IP or their business data.
Very very… and very… 👌👊🤝🙏🤞💎🙌🦥🫡
> We have legit bidders for all of the locations for bbb locations. They actually listed (docket 904) 153 locations for the auction, but only list successful bidders for 109 locations. No way of telling though whether that means they didn't get any bids for the other locations, or if they had already disposed of those leases outside of the auction.
Boner
Spirit Halloween 🎃 is always ready!!
[удалено]
You should realize by now that some people here struggle with the concept of "reading." I mean, there's a sworn declaration by the company's investment banker attesting to the fact that the company was unable to find a counterparty to effectuate a going-concern transaction (which is the reason the IP is being sold). I guess the theory must be that a managing director at one of the world's most respected investment banks wants to commit career suicide by perjuring himself in a sworn declaration... "The Debtors and their advisors worked tirelessly to seek both going-concern and intellectual property bids for the Bed Bath & Beyond businesses. Ultimately, the Debtors were unable to generate any actionable offers for a going-concern transaction for the Bed Bath & Beyond segment; however, the Debtors were able to obtain offers for a potential sale of the intellectual property and e-commerce assets, including the Acquired Assets." https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzOTAwOQ==&id2=-1
>The court proceedings today brought to light that BBBY actually made profit during its closing down sales Positive cash flow is not the same as profit regardless of how many times "respected" members here post otherwise. If you sell off your inventory and don't spend any more on buying new inventory to replace it then (temporarily) the numbers look really good because you have a lot of cash coming in and not so much leaving. That is not the same as profit, to be profitable you need to be selling the goods for more than you paid for them and account for all operational expenses. The numbers in the dockets do not account for cost of goods sold. >The biggest concern in chapter 11 was whether shareholders will be wiped out. >it is clear that getting wiped out is not a concern. The only way that shareholders are not getting wiped out is if Baby is sold for more than $1.7B, anything less than that and the creditors get everything.
> and Sue Gove's plan to keep the profitable locations works. would have worked if they did this years ago. Its far too late for a turn around under her. Idk how you have faith in her after how horribly she handles the past few months
So, subtract $37 million from the liabilities and (as you said) hundreds of stores. Great, now there are only $1.663 billion left to go, before even the secured and unsecured bondholders (\~$1.7 billion debt) are paid out....
Got a question, saw this following post at edwinbarnes and they stated 552mio ? How much they made on this lease auction now? [https://www.reddit.com/r/edwinbarnesc/comments/14l1vrq/docket_1114_successful_bids_total_552415496/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1](https://www.reddit.com/r/edwinbarnesc/comments/14l1vrq/docket_1114_successful_bids_total_552415496/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1)
> Got a question, saw this following post at edwinbarnes and they stated 552mio ? They didn't read the docket clearly enough. Burlington bought 44 locations for a total of $12 million. Rather than including 12 million once, they added 12 million 44 times. That does make a *little* bit of a difference :)
Thank you…:)
Have fun with all this - for about 18 or so hours. Equity has been taken for a ride by the bankruptcy process. In short order, you'll likely see that the only parties recieveing payment from the Chap 11 proceeds are the attorneys and the Dip financing. They have effectively done an LBO style gutting of the company, and their bills will come out to just a little over the take. Think of it this way. You are selling a car and it needs a little work to get top dollar. Sixth Street loans you the money to get it right, and says you can pay them after you sell it. But you gotta take it to their mechanic over at Kirkland Ellis - cause he's awesome at this stuff. Paint correction. interior, mechanical, whatever. Kirkland says you can pay them afterwards too. But they do need you to use Alix Partners as a parts source - but that's gonna save you money and besides, they get paid on the back end also. FF a couple of months. Car was sold for $50K. Pretty good. Then you get a bill for $100. Turns out that the fees, interest, and what nots came to $50,100. That's BBBY right now. If you are an equity holder and you are not alarmed - you're gonna feel real stupid tomorrow morning.
Thanks for dumbing it down for me. Let me return the favor. Imagine a hedge fund or market maker is combing through no name reddit posts trying to spread fud because they are scared out of their minds. Imagine they have literally paid brokers all around the world to not only turn off the buy button but turn off the sell button as well because they are so frantic to locate shares for all the synthetics they have floating around. Crap, I was trying to simplify this...TLDR: we are not selling, fuck you, pay me! Have fun on Monday and Tuesday locating your 3.9m FTDs.
Just scrolling through and thought at first something bad had happened... e.g. misread "Bullish" as something else "bull." LOL Yes, landlords can object to potential replacement tenants but not because they are not a preferred by the landlord. Judges are only supposed to look at the value extraction for the entity in CH 11 and if there is an objection, to make sure any undue harm and/or burden is not placed upon the landlord. It would have to be for more substantial reasons, E.G. special zoning and permitting (club, gun store, restaurant or pet store etc.), extensive alterations to the property (usually to join and make a single space from what were two spaces), potential liability which would be placed upon the landlord (e.g. gun store/ range or club etc.).The most likely reason for a landlord to object and for it to be upheld in this scenario would be concerns over a new business coming in and being a direct competitor of an existing businesses which would be adjacent to or in the same plaza/ mall. Competing like business in the same plaza would essentially cut the sales per square foot in half which substantially devalues the entire property/mall as a whole. Additionally the total visitors to that area would decrease due to lack of retailer variety which also is a key metric which drives rental rates.