The Rise and Fall of Bed Bath & Beyond
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- เผยแพร่เมื่อ 12 ก.ค. 2024
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0:00 - 1:12 intro
1:13 - 2:06 moomoo
2:07 - 3:50 Business model
3:51 - 4:40 Decline
4:41 - 6:53 Mark Triton
6:54 - 8:08 Cohen investment
8:09 - 9:59 Short squeeze
10:00 - 11:42 Cohen dumps stake
11:43 Jake Freeman
#Wallstreetmillennial #bbby #bedbathandbeyond
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the CFO just died by suicide…your video was just a day off. Wow!
Fu*K Ryan Cohen. Dude needs to go to jail and retail will NEVER…NEVER! trust this idiot again. F off Cohen!
in hindsight, an unfortunate title for this video given the CFO just a day later fell to his death
Maybe just a little lol. Could have been worse.
BBB takes the plunge.
He didn't fall, he jumped...then he fell.
Quite frankly, their inventory turned to crap. You can’t win customers with the same junk as Walmart
BBBY bagholder copium. The price was going up while Cohen was selling. Lets completely ignore the other institutional investors that were dumping their shares and actually caused the price to crash.
That’s not entirely true when he announced he’s dumping the next day the stock crashed
Intelligent retail was also dumping/shorting. Only the clown crew at Wallstreetbets were buying I think.
Y’all are stupid when you buy a overvalued stock that’s what happens
You are correct but let me add. Cohen was the catalyst to drive up the stock and drive it down. Yes most of the volume came from institutions but their influence happens over time cause their transactions are too big. You get news like Cohen all bets are off.
@@incremental_failure lol that’s a super cope
A video on this freeman kid would be more interesting in my humble opinion.
The CFO of BBY just committed suicide…there is more to this story that we don’t know yet.
That is why i came here to know whatz up.....sad.
@@tungsten1979 yeah. Too bad our fellow humans are disgusting. It’s like they are happy a human being died. Am hanging on by a thread to continue to believe in humanity. 🤦♂️
Imo.... It could be as simple as it looks. He was being investigated for SEC violations for dumping millions In stock days before the closure announcements....
They can't prosecute him if he's dead. The wife and children get to keep the money. No matter what his career is pretty much fucked. It's a dark way to look at it, but it's very possible he found this way out to be the best for him and his family in the long run.
Or there could be a shit ton we don't know lol
@@Error_404-F.cks_Not_Found maybe viewing it as simple is the issue when it may be more complex. Who says he wasn’t thrown out the window they claimed he jumped from at the top of the tower
You mean BBBY. BBY is Best Buy.
Ryan taught these bagholders a valuable lesson. You invest in the stock market to make money first and foremost.
I thought it's to save dead businesses, according to WSB. Every dead business will create some lame NFTs and make trillions.
RC did what all good wealthy people do. He took money from idiots and put it in his pocket and the pockets of others that are better at handling money. The ones holding the bag deserve what they got. Don't trade, invest.
Trading is fine, bagholders are not traders, they just make up wild theories and lose everything. Actual traders were shorting BBBY, at least I was, not great timing but still profitable.
It was still going up when he sold his position
It's called scamming and you amount to nothing more than an asshole who defends scammers, that is clear from how you view and treat people, you are a danger to any cultured and good society, an immoral taint. If you think that good people think of others as idiots who need to be robbed then you are confuse goodness with evil. And I will take it upon myself to educate a cynical jerk like you: evil is not goodness, you are confusing them. And evil people are not good and good people are not evil.
It is quite sad seeing that this comment with immoral, incorrect and quite frankly fundamentally fascist view got so much support. Remember how you yourself treated others when injustice is going to be done to you, because you deserved it as they are just treating you with the same medicine.
I used to think that trading=investing until I got in this rabbit hole, with stuff like puts, pulls, calls, shorts, longs, holds, full houses and grand slams, so you can earn mad bread even on falling stocks as long as you make the right call. And a bad call not only vaporizes your "investment" but you also have to pay them extra because you did the wall street equivalent of a double dog dare.
This is rigged lottery at this point.
You may want to read the documents. This wasn’t “good investing”.
What do you think the recent suicide of the BBY CFO has to do with anything? He was being sued by shareholders for 1.2B for something to do with manipulating stocks. I was hoping to hear more about this. That is a huge red flag about what may be going on.
Word is he was forced to delete, allegedly. This is a huge rabbit hole I don't want to fall into.
Somebody at the company had to take the fall...so the others could walk away clean
The ticker symbol is BBBY, not BBY. BBY is the ticker symbol for Best Buy. Details matter.
I actually enjoy Retail Archeology 💪👌
It's a great channel
I’ve been watching RA since basically the beginning. He does great stuff, and yeah, with his BBBY videos you can’t tell me there’s something sustainable there.
The rise and fall… Literally 😂😂
This was the wind-up I was waiting for!! Can't express how much these breakdowns make me look good when I talk to other founders 😁👌
It wasn’t “Jake Freeman” it was the family’s firm using his name. Yes, they are all complicit in my opinion. Either that …or Ryan Cohen doesn’t understand how to read consolidated financials (before he invested) and then manipulated his way out when he realized his mistake.
I can smell the 2nd GameStop gamma squeeze 👅
This right here. Apes see the crime and fud campaigns
@@oOZanlanOo put all your money in it
@@oOZanlanOo Apes also sling shit at one another, so I'd hesitate to give much credence to their perspective.
some retail investors idolize Ryan like a God
There is a whole r/superstupid dedicated to worshipping him like a deity
No we don't. We just like the stock.
The idiot retail investors and their greed will put a lot of them in the poor house.
Excuse me, I was in the poorhouse long before I started trading. Margin is a bitch, but you can't draw blood from a stone 😂
The Gamestop Retailers just want to end the crime.
DTCC COMMITTED INTERNATIONAL SECURITIES FRAUD AND ADMIT IT!
BUY OR BE HOMELESS!
Good, fuck 'em.
You should ask their CFO if Bed Bath and Beyond has any future...
Yeah, in this case I feel like BBB investors mislead themselves a little. It seems that Cohen filed honestly and people interpreted his fillings poorly. I personally doubt he really knew that wsb was going to get involved at all until after the price pumped. And when the price pumps like it did, you would have to be pretty dumb not to sell. Also, this is a good reminder that these people aren't your friends, aren't on your side, aren't necessarily people who's investments you should follow(due to risk tolerance and other factors), and probably are not fully aware of their influence over you. To Cohen, this probably seemed like retail degens randomly deciding to buy BBB for no good reason until people started throwing accusations.
He didn’t tell anyone to buy the stock. People interpret too deeply thinking that every tweet he makes and every place he visits is a hidden message. Like guys, I was just trying to make some quick cash.
He knew fully what his tweets would do. WSB follow everything he does closely and hang on to every word he says and every filing he does.
I mean put yourself in his shoes. 68% in one month ? Bro you take the money. 😂
Ha ha, "investors."
Cohen has never even talked to Reddit. Never addressed them.
Gustavo Arnal CFO of BB&B has committed suicide
It's every man for himself. Why would he buy and hold as the stock squeezed up. Then he would be the one holding the bag of the retailers'.
Someone stated that Cohen, "filed honestly". OK, but did he sell honestly? Did he sell legally? My question is did he act on material non public information? For example, it was reported that Kirkland and Ellis, the well known law firm that specialises in bankruptcy, was hired. That report was on 18 August. Cohen had already sold. That might be sufficient to make the sale illegal.
He sold legally.
I went to a BB&B store in my town. The experience was so bad, as if the employees were going out of their way to be rude. The place has a narcissistic vibe that borders on hostility. Never shopped there again.
I had a different experience at my local BB&B. The employees are always helpful and friendly. As always I save a lot of money using the coupons. Tbh, the pandemic hurt. And add the convenience of one stop shopping at Walmart and Target AND online shopping with delivery through Amazon definitely hurt them. Also, location... It's near a makeup store and shoe store.. One can buy makeup at Kohl's and Target. And shoes can be bought at Kohl's, Target, Shoe Carnival and online. A once busy store is now a ghost town. Very sad.
Employees can ruin a business
The uncle of that kid must be ecstatic that he made that kind of money lol
That's what happens when you alienate half your customers for betting on politics.
You're a clown if you think RC manipulated the market. All he did was buy, held, and sold for a profit. He never once told anyone to invest in BBBY too. Not his problem if Redditors overanalyzed his every move and copied his trades.
He didn't manipulate the market, he manipulated the WallStBets clowns because they're an easy target. You should read what garbage they write and claim it's "due diligence".
Perhaps you should read the documents first. Your comment will not age well.
What if he knew that the suppliers had halted shipments, before that was made public the week after he sold.
What about the tweet saying he purchased significant OTM call options one day before the squeeze
you said he has't publicly commented on the stock sale but cohen totally has talked about the sale and what he was thinking.
If this company was not publicly traded, would it do well as a privately owned biz? I say yes.
It might have a healthier distribution, like maybe Nordstrom rack.
Pump and dump is the *definition* of meme stocks.
CFO JUST KILLED HIM SELF
Always these people that just invest because someone else does it.
He can be the stars of stars, but at the moment he got a 9% stake and just wrote a letter to the board, he was not further involved. So who can blame him for selling when he saw the greatest opportunity to get out of a seemingly failing business with profit?
Lol prior to this happening I saw an option contract with a strike price of $80 for this stock an thought not a very good deal!
It was a great deal for the guy who sold the contracts to those morons.
For me is hard to believe that BBB is struggling when the one in my area is always full of people buying shit
Thats what I said to myself when I went to Toys r Us on times square before it shutdown.
yeh you can't look at one store and make a judgement
Mostly, it is the ungodly amount of debt they have amassed. There are other things . . . poor inventory management and issues with vendors . . . but the biggest thing is debt. The model that many of these types of companies and their investors use rewards, at a certain point in time, the mis-allocation of capital. And they know it even at the time they take the debt on.
Once the bankruptcy happens-and it will happen-the majority of stores will not close in the near term. They may or may not be rebranded, and depending, the service will get worse. But many stores will continue to do fine daily business. Until the cycle begins again . . .
Amazon, Target, Walmart, and perhaps two other semi-regional but still major retailers for such things will survive. Boutique, high-end shops that don’t over-expand and your small mom-and-pop in certain neighborhoods will too. The others chains won’t. With inflation at 40-year-highs and interest rates being dragged up final because of it, servicing of debt is going to finish off what Amazon started.
@@uncomfortabletruth2988 you can’t compare a flagship location in a tourist area to whatever OP is suggesting smh.
@@siryoda8145 BAbsicall is the same history in this channel... Company A is founded.. becomes popular.. and the cEO starts to open stores or buying competitors with debt.. the new stores or business buyed are not profitable and cannot pay debtors.... bankruptcy.. .CEO is fired with a lot of money and then go to another company to do the same bullshit and the company gets destroyed..
Never been this early!
Timely. CFO jumps a day after you publish.. Not saying their is causality there - but yet again you unearth questionable activity. A bricks to clicks success is rare - but buybacks on this scale was daylight robbery. Sad day for the Amal family though..
The BBBY CFO committed suicide by jumping out of a window (04 Sep 2022). Take from that what you will about the dangers of meme stocks to the market.
Thats a fud campaign.
Doesnt change the fundamentals that BBBY is overshorted.
Wow who knew there was a name for this foolishness . “Meme stocks” … what idiot would follow … never mind
@@oOZanlanOo WSB nimrods see even a single share sold short as "overshorted" because they see short selling in and of itself as evil and are too fucking dumb to realize that it brings much needed balance to the market.
the cfo just killed himself a few hours ago
Fud campings started days before that.
fuck man i love this youtube channel
You must be stupid to believe fud about gamestop bbby and cohen
Who is here after Cohen rugged dfv
Pump and dump adventure , criminal strategy
DTCC COMMITTED INTERNATIONAL SECURITIES FRAUD
THEY do pump and dump, not retail. WAKE UP!
A fool and his money are soon parted.
He just off himself, I guess financial disaster can do that to a person.
Title checks out as the CEO had a fall and is now dead 💀💀💀💀
My honest opinion on this is "don't get got"
Well this was short lived
4:16 I think "assuming the total value of the business remains constant" is a faulty assumption. It costs money to repurchase shares which reduces the value of the business. This is offset by the fact there are less shares. In the end, it really depends on how the market perceives the share buyback. Maybe they perceive that the buyback is a signal of strength or maybe they think the company paid too much for the shares.
No. Stock buyback does nothing to market capitalization. As a shareholder, in increases your % ownership. That is it! At first you sounded like a RC culty, but now I understand you are not.
@@natevanderw I'm a CPA by the way and you're so wrong. Assuming perfect circumstances, a share buyback would result in the share price being constant. There shouldn't be value generation out of thin air. If share price is constant but # shares decreased, market cap decreases.
I don't really know what you're talking about with regard to cults. I was merely pointing out a faulty assumption. It doesn't really have anything to do with sketchy investing strategies.
@@ktktktktktktkt
First my apology for accusing you of being a superstonk cultist.
For being an accountant (a CPA nonetheless), you sure don't seem to understand basic financial economics. Share buybacks on the open market increase buying pressure, which changes the supply/demand curve.
Once bought back, shares are either canceled, thus reducing the number of outstanding shares, or they are held by the company as treasury shares.
But more buying pressure = stock higher than what it would have been otherwise. If stock market values ticker XYZ 10 billion company, and that company buys back half its shares for 5 billion and canceled, you really think existing shares will be the same price on open market? No existing shares on the market price will essentially find a equilibrium at double the value, so that the market cap stays at 10 billion.
@@ktktktktktktkt Also, (just copy pasting from some article on Seeking Alpha)
Treasury shares are a portion of shares that a company keeps in its treasury that have been repurchased or never issued at all. Treasury shares have no voting rights nor do they pay out any distributions. These shares can be issued to the public in the event that a company needs to raise capital.
So essentially even in this case EPS raises on outstanding shares, and, potentially, dividend yield. But share price stays the same you say?
Don't CPA, at least for the accounting degree, have to take at the very minimum a macro/micro economics and one or two finance classes? Or did you get yours at one of those online schools?
They can sit at the table with sears and jc penny.
Please stop referring to what happened to bbby as a short squeeze. It wasn't a squeeze. It was just retail hyper. A squeeze would have sent the price much higher.
Nope, a normal short squeeze doesn't even amount to 100% gain, never mind what BBBY had.
@@incremental_failure you have never seen a short squeeze huh?
@@yougosquishnow I've traded for over 15 years now, so yes, I have.
@@incremental_failure Hey, come on now, the other guy I'm sure has traded for over 15 minutes, so hear him out!
@@yougosquishnow have you
The CFO's sad suicide is meaningful, I think. If you are caught manipulating, and selling on non-public info, you would need a good lawyer, and you will be fined and the profits will be disgorged.
If you have used false financial statements to get the loans from Sixth Street Partners, and credit line increase from the not so innocent JPM, you will go to jail.
Defraud investors, you will be ok. Defraud big funds and banks, you will have big trouble.
Does anyone think the loan from Sixth Street and the line increase could be withdrawn? Is an accounting restatement imminent?
Because he offered $400 million and they rejected the offer. Dumbest shit any board members have ever done. Maybe you should do an update with a correction before you get sued.
Didn’t the CFO just throw himself off a building? 😬
Ya he did.
I can’t believe the US allows share buybacks
They allow companies to print more shares and dilute stockholders who've already bought in.
If a company is making money, why can't they buy back stocks?
Fall, literally
RC has blood on his hands. Stay away from anything he is involved with
Wow
RC has the little guys back!
Hope you're sarcastic.
HODL
RC has his own back, as he should.
Bad Breath & Beyond? Never heard of it.
vultures scavenge dead and rotten and decayed useless meat. and those people are the living dead carcass of society. their money is generously donated to others. when you're an adult, you have to take responsibilities for your own decision. influencers are the tools and the worker wallet of corporations, and the fans and followers are the tools of the influencer. if you're a fan of somone, and spend money on the influencer, your a tool's tool, the bottom of the human hierarchy.
I'm not surprised, they've always been overpriced.
Robinhood was famous for robbing the evil riches to pay the poor. But the new Robinhoods rob themselves to pay the rich manipulators.
Update: BBB CFO has commited suicide in NYC after cutting jobs and more.
He decided to party like it's 1929.
If all of the WSB guys are willing to line up to blow this guy they don't have the right to complain when he then proceeds to take them from behind.
Hedge funds lost massive. Citadel cabal wacked CFO, ryan made little to nothing from his short held position, money goes to company
what are the odds the ceo died just hours after this video
CFO
the tears of retail investors who lost their money. love it!
WHy do you have to be an asshole to other people? Would you love if this was done to you?
I think he did everything correct
He did. The funny thing is that the BBBY cult is still alive and strong on reddit.
Ginger literally looks like he has no soul
Oh this comment section is going to be spicy! RC has a huge cult following him, a literal cult. And millions of BBBY bagholders.
He had a "strategic plan" alright ... He cashed in on his popularity using this "plan" 🤣🤣
He was gonna make money from ANYTHING he bought next because of all the FOMO
not the fall 😰😰
typical ashkenazi
Cheers from west Africa
🦅
No idea about investing but Cohen's dog looks remarkably stupid.. They should just call those a cat+..
Dammm
Ryan took a steamy one on retail WSB wont stop pumping it now
WSB? nah that is just the bagholders who spam that sub. 80% wsb can't stand that group.
APES DONT USE WSB. We use r/SUPERSTONK
Too soon. Story is t finished yet
RC to retail carry my water u 🤡s
Lol so much copium in these comments
The cult won't like this one...
Indeed, they will not.
Leave Ryan alone! /s
Indeed, sad you don't want to see that the DTCC COMMITTED INTERNATIONAL SECURITIES FRAUD.
@@oOZanlanOo Never go full reetard Zanlan, too late for that I guess.
he is a fraud, when that comes out it will be inconvenient for him but with a small fine he will enjoy his gains
Kindly I suggest to add subtitles, you have a heavy accent and I really struggling understanding some of your words.
bro it not really that hard to undestand is english not your first language
@Dave Bieleveld True, but WSM doesn't owe those people anything. There are many things in other languages I wish I could understand that don't provide English subtitles, but that's just tough titties for me.
first?
No one cares.
Just another markert manipulation from billonaire