![]() You had Ryan Cohen, the activist investor that was involved temporarily with this company, he dumped his stake last year. It has- this is the lowest that it's ever been right now. And just to mention, in case people don't know when this company went public, Bed, Bath & Beyond went public back in 1992 at $17 a share. Bed Bath & Beyonds cash resources have dwindled in the last year and the retail chain reported cash and cash equivalents of only 153.5M at the end of the third-quarter, down 70 compared to the. ![]() Some of the risks that it's talking about right now is that it can't hold these relationships with vendors, unfavorable relationships with vendors because, right, if the ship is sinking, then who wants to make a deal with you?Īlso, even retaining talent, it has been difficult for the company to retain talent. And if it does not receive the funds from this equity offering, then it will have to file for bankruptcy protection. Look, Bed, Bath & Beyond says it needs this money from this offering, equity offering, in order to keep going, in order to afford its inventory, in order to keep operating, paying down its debt. It's trading at an all-time low right now. Remember that back in February, the company had announced that it had made a deal with the hedge fund in order to raise funds in order to keep going.Īnd now, Hudson Bay Capital has walked away from that deal, according to the sources that we spoke with, because of the spiraling downward impact of these stock- of the stock and how it's- yesterday, it closed at $0.80 a share. This is after its deal with Hudson Bay Capital is now no longer. ![]() Bed, Bath & Beyond announcing that it will be selling shares in the open market. The bottom line is that we do not think Bed Bath & Beyond stands out here, and it needs to in order to thrive. BBBY stock plunged about 30 on 5 January on bankruptcy concerns Photo: Juan Llauro / Shutterstock. INES FERRE: Not at all, and right now, it is trading like a penny stock because it is trading below $1 a share, as you were just mentioning.
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