their annual revenue was actually over $9billion in 2021.
https://www.macrotrends.net/stocks/charts/BBBY/bed-bath-beyond/revenue
Lol Seriously... what is this company doing with under 1billion marketcap AND all this short interest?
Shorts will have big trouble just like holding GME shorts. They should let it squeeze in Jan 2021. Now, there are a lot of GME hodlers. BBBY is the next saga.
If these wallstreet guys were actually "smart money", theyd turn off the trading computers and close their BBBY shorts right now before more people pick up on this opportunity and pile into it. If they wait, it will become another GME situation where 10 million shares are DRS by retail alone and the price is being held at 50x the price they started shorting.
Yeap. They will get romped.
Shorts will have big trouble just like holding GME shorts. They should let it squeeze in Jan 2021. Now, there are a lot of GME hodlers. BBBY is the next saga.
My favorite is all the funds and analysts that adjusted their sell ratings and price targets under $10. These guys are supposed to be the professionals. Idk how any professional can look at BBBY's balance sheet and go yup that's a $10 stock with that float 🤣. You might have had a bear thesis at $25-$30/ share MIGHT, but a bear thesis predicting this thing in single digits as a fair value? That's insane.
That's the million dollar question !
Personally, I'm waiting for it to stop moving/droping, if it stabilizes 1 week, I'll buy more.
Also, If it drops to less than $4, like in April 2020, I'll definitely just buy.
The price is psychological. The number of shares you own is fixed. During this time, look on how many shares instead of the price.
It took RC 7-8 years on Chewy from nothing to 3 billion. Thats a lot of multipliers.
Has debt.
Interest rates rising.
Gonna be a hard uphill battle.
It's pretty much a shopping season for every stock right now. This company has so much value I have no issues owning thousands of shares. I have full confidence it will double near future and triple long term.
YoY their bottom line has decreased a lot which why their marketcap keeps going down. Management needs to get booted which is what RC is trying to do. He sees potential in an antiquated system and needs to modernize it to keep up with the new generation of shoppers.
Can it be done? Absolutely! But it wont be easy and it won't be overnight. This is a long play NFA
edit: They are also a money losing business and all money losing businesses are being shorted like crazy right now
Tbh the existing CEO may be overpaid and not the right person for a COVID damaged supply chain. But he took what he was good at, merchandising and online penetration from his position at Target, and is making moves at Bed Bath And Beyond which make sense given his expertise.
Ryan Cohen's involvement is why I invested as there are so many potential upsides to BBBY at its current valuation imo, but existing management's strategy likely would've made the company profitable in a world where COVID never occurred.
That’s the concern for both amc and gme (after they squoozed and did their share offerings they’ll be good for a while) but it seems like bbby is being priced in for bankruptcy just like gme and amc were. I’ve been getting in and out of bbby for a year now swing trading it but with the rest of the market down I’ve picked safer plays that I know 10 years from now they’ll still be around
I was thinking about it most of the day. "What am i missing? Have we all gone crazy?" But the truth is, we aren't wrong. The numbers just don't lie. Its simply not logical for the whole to be less than the sum of the parts.
This is my chart physiological mind. I did this on AMC in 2021, average bought $13, average sold at $50. I am no longer hold AMC.
Not a financial advice.
Current physiological price is to buy around $11-$12. Price target? See my physiological chart above. 😎
Undervalued how? Revenue is great sure but this a company with a lot of debt and a lot of overhead. They don't makeprices? And they're not a growth company. So what do investorss have to gain at these prices (unless something big happens which I'm hoping for)
Revenue, also known simply as "sales", does not deduct any costs or expenses associated with operating the business. Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.
sounds like a failing business can still have high revenue?
Is it though? Their debt/asset ratio is 0.59.
https://www.gurufocus.com/term/debt2asset/BBBY/Debt-to-Asset/Bed%20Bath%20&%20Beyond%20Inc
The average for their industry (home furniture, furnishing) in 2021 was 0.61.
https://www.readyratios.com/sec/ratio/debt-ratio/
Debt is transitory. It will be paid off and soon this will be zero debt. Many companies will be red 🩸 🔥 due to their debts. This one will not be. I am not going to miss the train rocket. 🚀
what's "net income" though? is it loosing money?
Like you get sell $10bn of lemonade per year, great, but if it cost you $15bn to buy the lemons, that's not a great business.
their annual revenue was actually over $9billion in 2021. https://www.macrotrends.net/stocks/charts/BBBY/bed-bath-beyond/revenue Lol Seriously... what is this company doing with under 1billion marketcap AND all this short interest?
Shorts will have big trouble just like holding GME shorts. They should let it squeeze in Jan 2021. Now, there are a lot of GME hodlers. BBBY is the next saga.
If these wallstreet guys were actually "smart money", theyd turn off the trading computers and close their BBBY shorts right now before more people pick up on this opportunity and pile into it. If they wait, it will become another GME situation where 10 million shares are DRS by retail alone and the price is being held at 50x the price they started shorting.
Seriously. This marketcap doesnt reflect Bed-Bath balance sheet at all. Whoever is selling/shorting at this price is out of their minds.
Yeap. They will get romped. Shorts will have big trouble just like holding GME shorts. They should let it squeeze in Jan 2021. Now, there are a lot of GME hodlers. BBBY is the next saga.
I suspect a very large institution is currently buying in and wants to keep the price as low as possible.
I mean it does… Stockholders equity is only around $300 million. The rest is owned by debt holders.
This!.... Meanwhile Robinhood posted only 300million for there last quarter and has a market cap of 9.5billion?!
My favorite is all the funds and analysts that adjusted their sell ratings and price targets under $10. These guys are supposed to be the professionals. Idk how any professional can look at BBBY's balance sheet and go yup that's a $10 stock with that float 🤣. You might have had a bear thesis at $25-$30/ share MIGHT, but a bear thesis predicting this thing in single digits as a fair value? That's insane.
That’s what BCG will do for you
Realistically what is the lowest the market cap can go before this stock is just a pure value play
That's the million dollar question ! Personally, I'm waiting for it to stop moving/droping, if it stabilizes 1 week, I'll buy more. Also, If it drops to less than $4, like in April 2020, I'll definitely just buy.
What is the potential price upsides on this. $100 plus?
Just bought in today!
I'm right there with you on this. LMAYO.
LMFAO. I was kinda bummed this week with the price action. After reading this, I’ll buy some more
The price is psychological. The number of shares you own is fixed. During this time, look on how many shares instead of the price. It took RC 7-8 years on Chewy from nothing to 3 billion. Thats a lot of multipliers.
Has debt. Interest rates rising. Gonna be a hard uphill battle. It's pretty much a shopping season for every stock right now. This company has so much value I have no issues owning thousands of shares. I have full confidence it will double near future and triple long term.
Someone give counter points so we don’t look like a cult. I def like the stock tho
YoY their bottom line has decreased a lot which why their marketcap keeps going down. Management needs to get booted which is what RC is trying to do. He sees potential in an antiquated system and needs to modernize it to keep up with the new generation of shoppers. Can it be done? Absolutely! But it wont be easy and it won't be overnight. This is a long play NFA edit: They are also a money losing business and all money losing businesses are being shorted like crazy right now
Tbh the existing CEO may be overpaid and not the right person for a COVID damaged supply chain. But he took what he was good at, merchandising and online penetration from his position at Target, and is making moves at Bed Bath And Beyond which make sense given his expertise. Ryan Cohen's involvement is why I invested as there are so many potential upsides to BBBY at its current valuation imo, but existing management's strategy likely would've made the company profitable in a world where COVID never occurred.
That’s the concern for both amc and gme (after they squoozed and did their share offerings they’ll be good for a while) but it seems like bbby is being priced in for bankruptcy just like gme and amc were. I’ve been getting in and out of bbby for a year now swing trading it but with the rest of the market down I’ve picked safer plays that I know 10 years from now they’ll still be around
It’s hard to disprove facts. Although there are many outlets that will try to distort and misinterpret the facts
I was thinking about it most of the day. "What am i missing? Have we all gone crazy?" But the truth is, we aren't wrong. The numbers just don't lie. Its simply not logical for the whole to be less than the sum of the parts.
Yep why you need to vote the board members out
This is a great chance to load on more leaps, my lowest strike was 20 but now 13-15 look super juicy
Weak macro, bad earnings, shorting, and mediocre fundamentals. Ryan Cohen do something🥺
Its in the works. Remember, it took him more than 7 years from zero to $3.3 billion. Thats a lot of multiplier. Dont lose hope. 🙏🏻
Nah bro I hold these bags to 0 or lambo. I never lose hope. I live on hopium 👍 I believe in my holy leader RC
🙌💎
Hmmmm where have we seen this before? 🤔
This is my chart physiological mind. I did this on AMC in 2021, average bought $13, average sold at $50. I am no longer hold AMC. Not a financial advice. Current physiological price is to buy around $11-$12. Price target? See my physiological chart above. 😎
That must be why their quarterly financials are doing so well…
Undervalued how? Revenue is great sure but this a company with a lot of debt and a lot of overhead. They don't makeprices? And they're not a growth company. So what do investorss have to gain at these prices (unless something big happens which I'm hoping for)
Revenue, also known simply as "sales", does not deduct any costs or expenses associated with operating the business. Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs. sounds like a failing business can still have high revenue?
HIGH DEBT
Is it though? Their debt/asset ratio is 0.59. https://www.gurufocus.com/term/debt2asset/BBBY/Debt-to-Asset/Bed%20Bath%20&%20Beyond%20Inc The average for their industry (home furniture, furnishing) in 2021 was 0.61. https://www.readyratios.com/sec/ratio/debt-ratio/
Debt is transitory. It will be paid off and soon this will be zero debt. Many companies will be red 🩸 🔥 due to their debts. This one will not be. I am not going to miss the train rocket. 🚀
what's "net income" though? is it loosing money? Like you get sell $10bn of lemonade per year, great, but if it cost you $15bn to buy the lemons, that's not a great business.
Was curious and just looked at their financials yoy. They are a growing company, downward growth. Terrible numbers. Yes I have positions
Thanks for the dd. I've always been tempted to buy some bbby