Why Investors are Angry About Bed Bath & Beyond ($BBBY)
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- Опубліковано 19 сер 2022
- Today's video is targeted at explaining why people are mad at Bed Bath and Beyond, and what investors should take away from it.
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DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
It's nice to see these very quick unscripted "breaking news" type of videos
and BlckCro0k investments👿
Definitely breaking news for investors
He does well off the cuff .
I enjoyed going to Bed, Bath, and Beyond. They didn’t have any stores near me in Alabama until the early 2000’s. About five years ago, I noticed a decline in store displays which became messier and haphazard. I think the neat and “mid-tech” sort of vibe is what made shoppers browse. They tried to be more like Wal-Mart, losing their identity in the process. That’s exactly the same strategy that destroyed K-Mart and Sears.
I think they were overpriced to begin with. But they had decent items and a forever warranty.
Then. They put dates on the coupons.
Then, they got rid of most coupons.
Abd then, they started stocking greatly overpriced crap (a 140.00 pink PLASTIC SMEG toaster, that never worked ONCE!) and they get rid of the forever warranty.
If I had stock there. I would have got rid of it a long time ago.
The displays are just to attract thieves, and I don't go to stores that do that. Lowlifes steal everything in the sale boxes, like total garbage.
This is just obvious. Duh.
Yeah, they should be the place to go when you want to buy good sheets/dishes, not where you go to buy a cheap vacuum.
I ALWAYS get Bed Bath and Beyond confused with Bath and Body Works. The stores are different, but the names are so similar, that my brain has to take a moment to process it.
that because your brain is slow
Omg I just realized for like 6 years every time I heard bed bath and beyond I thought it was bath and body works
😂😂😂
Imagine your investment strategy being, “please tweet something to make us money man, cmon” 😬😂
Uhhhh no. BBBY will merge, thats why he sold. All profits go to BBBY, per SEC Insider rule.
But you woulndt know that.
Stock is still going strong
That's basically anyone relying on hype to drive the stock lol.
@@sor3999 lol no
It's pathetic that people argue about not wanting to be corporate slaves, yet they kowtow for mercy in other's speech just to win a gamble.
Between the two, I'd rather be confined to a boring job but not confined in speech.
musk bois
I loved the quote: "They don't love you". That sums up the whole stock market.
The stock doesn't know you own it - Buffett
@@crepituss9381 If your stock is with a broker you DON'T own it. Fixed it.
@@brianwilliams9997Still applies to direct purchase and registration. Point is that people humanize their holdings. They get attached to a company that’s done well for them or they think a fallen stocks owes it to them to recover.
It doesn’t work that way, you have to be a little detached and think more like “if someone today offered me this company at this price, would I buy it?” and if not, maybe it’s a sell.
I bought into BBBY a few weeks before the run up at a cost basis around $4.50. When I saw it start to go up, I bought some Aug 19 17.00 strike calls for $25.00 a piece and immediately set a limit sell order on half of them at double my cost basis. The next morning, the market opened and half my calls sold for $88 per call. I sold everything else over the coming days, though perhaps a bit too early, but hey, I guess I was lucky to take my gains and run when I did.
That Jake Freeman was actually very smart. The many of us could only have hope that they have a wealthy uncle who is a hedge fund manager to loan us 20 million of cash.
sounds like a "rat hole" to buy and sell the stock not related to someone who has insider info. something about it just doesnt sound legit, would be interested to see where that money is right now.
Oh just a small loan of 20 million
If i had 20 million dollars i wouldnt have to risk any of it.
@@carefree85a that’s exactly what it was don’t kid yourself
Does he even exist?
I enjoyed the "I'm not mad, I'm just disappointed" vibe he throws at meme stock "investors."
Im an investor that got a bag on meme stocks. Im not shamed one bit.
@@jahjoeka I'm glad you're seeing success. Just don't yolo stocks just for the logic of "but wouldn't it be funny if this suddenly went up?"
@@jahjoeka You’re not an investor, you’re a gambler.
@@TheSteinbitt i have my long term investment and roth IRA, my crypto, i just used the bit of money in my options account to make a bag. A 300 risk and made 1500. It was a risk well worth it. There's many ways to invest. I saw an opportunity to make money and i did. Next time don't be a pussy. Have money in your options account ready to go.
@@kagakai7729 nah i have an options account that's self contained. No yoloing all my money because NOTHING is a sure thing. I made a small risk of $300 and it popped. A great feeling.
Greetings from Boston, MA, USA! Just subscribed. Your channel is a great mixture of sensible information sprinkled with a touch of humor! Very enjoyable and educational. 😻 Looking forward to more.
Thanks for explaining.... Appreciate your channel! 💯💯
The only people that fall victim to "pump and dump" scheemes are people who don't know anything about investing and are just following investing trends. I agree, that people with substantial share ownership shouldn't be making public statements about the health of the company or speculating about the stock price.
Not always. Take Enron for example, there was no way for normal investors to see it coming since they bribed the auditor
@@samsonsoturian6013 . That's not a pump and dump scheme. Enron was a firm with a real product and revenues. What happened at Enron was accounting fraud. Nobody is safe from risk but not all risks are "pump and dump" schemes.
@@MrSupernova111 This goon is defending Enron just to feel less bad about being in the red. Don't feel like you need to "win" in the comments
@@samsonsoturian6013 . Don't make false comparisons.
@@MrSupernova111 You shouldn't flatly lie just to shift blame off yerself
I love this store. Good quality products. I will definitely miss this store. Bless the owner and the employees. 💌💌💌💌
Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
How can one find a Fiduciary Financial Advisor, that can help me make good gains during this bear market and also position my portfolio for better gains when the bull finally arrive? I would not mind looking up the pundit that helped you, I will be retiring early. Don't want to take any chances of accruing loses...
Hi, I looked up Theda Helene Jackson and she actually looks really familiar, think I’ve come across her on Tv or somewhere…Anyhoo thanks for sharing.
Haha you got these bot messages everywhere
Unfortunately, Theda Helene Jackson was arrested on Christmas day for murdering nuns. She is not accepting new clients.
my favorite quote as of late :::
Its not what you buy.But, when you buy it and when you sell it.
I cannot tell you how much myself, ( and obviously, thousands of others) enjoy your calm,
rational, and above all informative) analysis of economic issues
This has nothing to do with investing but,
I recently witnessed a robbery at a Bed Bath & Beyond when traveling
A man with shorts falling off down, revealing his own ass, hauling like 9 comforters to his car while his wife steps on the gas
He right beforehand had scoped out where to park, I had offered him marijuana as he passed me by
Like the flash updates, very topical!
Appreciate the straight to the point video, no clickbait, no nonsense, no shilling brands or merchandise.. Love it. Subscribed
The 20 million dollar student article was defo some kind of psy-op....
Just toir average 20 y.o. student
He did reddit ama, ppl called him out even at 5 dollars that he is suspicious.
@@filipstehlik007 That's because he was. you come in with that kind of money, people know it's being backed from "interested parties". It's suspected he was tied to hedge funds (not necessarily shorting ones). Then he buys 5% of the company, makes a proposal to BBBY on debt restructuring which would, mostly, benefit his backers (who were identified to own BBBY bonds). Everything about his actions made it seem he was in there to make money for him, and make bank for those backing him. That's exactly what he did but everyone else is now holding the bag and RC took the fall because of his actions of selling a day or 2 later.
You want a finger to point the point and dump, look no further than Jake Freeman. Buys 5% of BBBY at like $6 average and in a span of a month or so, it runs up to $30, he sells for a massive profit.
There's a saying: if it smells like shit and looks like shit, you don't have to taste it to believe it's shit.
@@filipstehlik007 that makes no sense though because there were tons of people on the sub YOLOing their savings into BBBY at $3 and $5. BBBY was a long time coming and has been in the happening since July. Looks like he really just paid attention to what a bunch of internet apes were doing considering WSB created Millionaires with GME
@@T-Bone99 We are not in disagreement. I was there too, i bough when it fell on 5 dollars. Still, he came, did reddit ama after buying at 5 dollars, deleted comments after, ppl called bs. They still were buying, but called sus on him. (One comment i remember was saying he will not stay for long and he was right).
Good summation. My only disagreement is with the part where you say investors chose bbby in Jan 21 because it was highly shorted.
My understanding is it's part of a basket of stocks all shorted with the same instrument (and all retail companies. Movie theatre, used game store, towels) and when GME went parabolic the covering that occurred on that single security pushed up the whole basket. I can't talk for other investors but very little of the rest of the basket was mentioned on Reddit prior to the last week of Jan 21.
Sure, since becoming bagholders people think it's a movement but to start with it was a value play. When I went long gme was $9.18 pre split with $12 book value. When I went long bbby it was $4.98 with huge call option interest at $5 and Ryan Cohen had skin in the game.
It's fine playing meme stocks but I suggest getting in when the chatter is low and if Ryan Cohen is involved make sure your cost basis is less than his 😉
isnt there an eft containing these small market cap companies?
Love your channel!! Cheers from Israel 😊
I sold my initial stake when they popped 100 percent the other day. Hoping they’ll have one more pop before I liquid out.
I bought some puts based on the technicals, and lack of news of this pump and dump, one of my best trades so far.
It was a gamble from the beginning for me. Was up big but ended up selling when we came back down to $13 bucks for a fraction of the profit i was in. Learned a valuable lesson about taking gains when they're available.
Good! You always need to take profit when a stock goes on a run up. If it's not based on fundamentals. Then take profits. Because you need to ask yourself at what point is x% not enough ?
If you were up 100%, 200% or even 300%. And you still didn't take profits. Then no amount wouldve been enough.
Are you going to learn the valuable lesson to not buy individual stocks and not buy into meme stocks?
Same here. I made money but also covered my butt with puts which made me break about even. A lot learned
I was up like more than 100% it's an easy sell. Turned 300 into 1500.
I learned this lesson when I bought amc at 15$ and it ran to 70$.. I held all the way back down because I believed in the apes and youtubers pumping the stock. I got greedy, no one to blame but myself.. I bought bbby at 9$ and sold at 26$. Never looking back
Yo bro I see the gains... we need a "The Plain Bagel Workout Protocol" video lmao. Thanks for the content
I purchased a couple put options when it was rising. Then it tanked! When high PE stocks get bad news, they tumble like a house of cards. Works everytime!
I’m trying to learn more about options trading, just curious how far out did u place ur deadline and how much did u make?
You must had bought them before the IV was insanely high.
When Bagel said, “short” man he not wanting that smoke.
That was funny
@The Plain Bagel, I’m genuinely curious as to what’s going on here. Why are there no shares to borrow, the borrow rate is more than double the share price (idk the rebate), the percentage off exchange is over half, short percentage is often >50% daily (even with the ability to mark shorts as longs because it’s self reported), and volume has been ridiculous over past few days? I know they had an ATM offering more than likely to cover debt but it seems to me like something funky is going on here. Sometimes the price jumps like crazy in pre market but it gets drowned out by crazy high volume in the first few hours. I have an idea but I wanted your take on it. My sources for info are stonk-o-tracker and chart exchange.
Thank you if you see this and thanks even more if you reply.
I could have told them the store was not making money over a year ago.
Great video, in your inimitable style :)
If he has to report owning a percentage of the company then why would it be a P&D?
I could understand if he was going around to investors or Twitter and hyping it up, but to say that a legally required document is the cause I think that might be too far.
I'm not an economic anything, just not sure where the actual problem lies.
Ryan sold on the 16th. The stock went down on the 18th. So, it was not Ryan causing the fall. The chart shows this at 5:26.
He filed for selling on 16, executed it on 17, and announced it on 18. If you know nothing, ask.
He is VERY MUCH the cause of the fall and the one that stopping the movement from gaining any more momentum.
The meat riding is crazy
Stocks don't fall immediately after selling. They fall after a disclosure of a huge sale
Ah, BBBY, yes, thank you. I threw in a little bit of money and ended up tripling it. Thank you.
I am too wimpy to go "big", but I am happy with the small win. Never throw a large sum into something this volatile.
Just do puts lol. Bought puts before the crash last week worked out fine.
Whoever sees an increase of 30-35% overnight would sell his possition also! After a so huge increase, always comes an dicrease...
Not everybody lol. Didnt you also hear about Gamestop, some people became millionaires overnight & waited to sell. Waited too long.
@@GPGOLDENTEE *With at least a single braincell
What goes on with the meme stocks seems pretty clear... What is a bit tougher to disentangle might be what goes on with things like MEGL and HKD. Can you see if you can explain the mechanisms behind that price movement for people?
If what's goin on with meme stocks is pretty clear to you then gz, don't think there are too many that fully understand what's goin on lol
As a guy in the finance industry I greatly appreciate your content. One of my favorite UA-camrs out right now
I had this video in my Watch Later list, but I just read on Reddit that the CFO commited suicide in NY, had to come and watch it right now.
From what brand is your polo shirt? Looks nice
2 videos 2 consecutive days, impressive!!
Hey great job man! i dig your engaging style of delivery of a complex subject made easier to grasp...good on ya. mate!
Ryan Cohan had bought those calls in April, and never told the public “hey let’s all buy BBBY” if people bought because he did, that’s on them, people are individual investors.
People in finance need to get a "real" job. The majority of them are either worthless arbitrage money movers, traders, speculators, or gamblers. They do nothing for the real economy.
With yesterday’s news. This is sad.
It's funny to see people say RC abandoned retail investors when BBBY literally ran 400% in just 1 month.
The cultist in r/superstonk say it was a 4D chess plan from Ryan Cohen lmfao
Great video! Touched on all the key points and was easy to follow!
Very informative and entertaining video. Keep up the good work.
If you lost money on BBBY, you have no one to blame but yourself.
If you lost money on Anything, you have No one to blame But yourself
@@likemysnopp no necessarily. Fraud and acts of God excluded
@@halohaalo2583 👍 👍
@@halohaalo2583 If you worry about fraud don't invest into the stock market lol
Watching this after hearing about the CFO’s passing
Nice analysis. Glad I never got involved with the meme stocks. Will continue to not do so.
Great video, keep them coming!
Love this format Richard
unrelated to video but I like that shirt, where can i get one?
Lesson learned is to not invest in something you can’t accept losses on!
So, should I wait for the "Going out of business" sale before shopping there to finish decorating my apartment? 😅
What brand shirt is that? I can't seem to find it anything of similarity anywhere, thanks.
I've just gotta wonder where personal accountability starts if they're accusing him of being duplicitous and pump and dumping because he... filed legal documents that it sounds like he has to file.
Not to mention he said Ryan Cohen joined GameStop in January 2021… maybe do just a tad bit of research…
It was more the fact that if he sold his shares as an insider within 6 months, all profits would go to BBBY. Im still not sure how exactly it all works tho.
Bro that representive bias is hitting me so hard I actually know the kid that made 110 million. his name’s Jake freeman and I used to do robotics with him. To see some one you know make so much money over night rly makes u feel like shit
Well yeah. Assuming you work an incredibly high paying job (160,000 a year) you will never make close to that amount of money your entire life.
The world is just incredibly unfair. We need to learn how to be happy with what we have, or eat the rich
@@willswain7144 If you make 160,000 per year and invest 80,000 of it per year in the S&P500 with dividends reinvested, after about 45 years you'll make close to 110 million assuming historical average returns. But that does require sacrifice of course.
...what if I just like beds and baths?
What’s the float and how many shares traded last week?
what about bed bath and beyond say?
personal responsibility
your my favorite party breaker ! ,
Please do one about Avaya
If you keep making these, I will be very informed on market events.
I disagree with what you said: my stocks really do love me.
This morning I was wearing my Caterpillar t-shirt and I could really feel the love; obviously because my shirt knows I own a decent position in this company.
Others have dubbed it 'Blood Bath and Beyond' .
Who did Ryan bring to BBBY?
Thanks
2:48 ".. and he actually owned 1/10 of the entire business .."
i didn't even know about this story trill this video but i can already tell what's going to happen next.
this is exactly it was the antithesis of GameStop scenario. there, people were buying new stock to undermine those who already owned it on margins.
if this cohen guy already had stock then the only rally he needs to get rich is to sell it off when it peaks at his desired level
Been all over finance channels surprised you didn't hear.
Ryan Cohen is worth over $2B, he's en entrepeneur. I don't think he is investing to make a few quick millions.
I made a bag on bbby. It was thrilling! One big as game.
So the reason for this huge rally is most likely wsb subreddit doesn't allow stocks under a certain market cap to be discussed. Once bbby passed that threshold the subreddit was flooded with comments and posts
"They don't love you" You summarized the whole thing neatly. They don't love you back
Serious question from an outsider. What is the point of "holding on forever" ? Isn't the basic point to buy low and sell high? Buy stock at a low price and then sell when you made a profit you are content with? Or is the the nature of meme stock to just buy garbage stock, see it rise, then lose your shirt on it and keep it for the lulz?
If he does get charged it’ll be a small fine relative to the profits he made, in other words -- it was a net win and a great strategy. This is how our system actually encourages corruption.
100%
Lol would be hilarious If he was charged with a 100+ million fine. That would make him think twice about how he invest and what he tweets
Charging him for issuing (I assume) legally required disclosures is probably going to be tricky to start with.
@@tz8785
Watching the video, it sounds like he sold at (or slightly after) a tweet saying he's in it for the long term.
If that's the case, it's very suspicious for him using pump and dump tactics.
He's not obligated to tweet about it at all, and are we supposed to believe he changed his mind in a day?
I think he has to give most of his profits to BBBY
Yeah he made some bucks in a very public way. He could have hired some traders to make the market in BBBY stock, run the price up and down intraday, and scored a hundred thousand a day or more. Different technique, but makes money.
-Diamond- Burnt Hands baby!
I sell before I EVER tell anyone why... only after.
There is a class action lawsuit that has been initiated
Can’t be angry at anyone but themselves
I need to buy some new lamps
I think more than anything the meme stock phenomenon is a protest against the vitriol exhibited towards the retail investor. With that said, I do and like having a small portion of my portfolio reserved for speculation, having made some good money off of picks like AMC and BBBY. It’s small enough where it doesn’t hurt my long term investment goals and strategy, and large enough to “have fun” with. As long as you don’t put more down than you’re willing to lose and fully acknowledge it’s a casino, have fun with it. Just be safe, set your stop limits, and take profit as you go. (Not financial advice, just how I conduct myself)
CFO did the right thing. He knew he was going to prison. The courts will grind you down and give you so much stress you'll wish you were in prison. Especially if you have live a wealthy white collar life. Pure hell!
he's dead... RIP gus
As soon as you read about “this newest stock tip” you better believe smarter people with more money are already capitalizing on it.
Doesn't mean money still can't be made. You might have missed the bottom of the price of the asset but you haven't seen the top of it.
Did you notice that the amount of shares on both of the 13F were same? His percentage of stake went up, because the company had bought more shares in, whilst Cohen was selling. Redditors mistook the 11.8% ownership on the second filing as some kind of increase in his stake, which it certainly was not. Rotten.
Well, it was an increase in equity. But it wasn't a real increase in interest
wallstreet bets posters: I'm shocked, shocked to find gambling going on here
That's why you need to look at fundamentals and not what one person says or does.
That's a good shirt
Those are not investors… but whatever, you can call them whatever you want.
No audio
While RC was for sure a big reason for some retail investors to get into $BBBY I do not think it was the reason for most of them.
I got into BBBY at around 9.50 and followed what was happening quite closely, ofc also on forums like WSB.
What most ppl over there got going was the mix of hi %SI and especially the monthly options chain which was loaded up on the call side. This is quite vital to any plays when it comes to these small/mid cap "meme" stocks since most of the price movement is just hedging by market makers.
Especially with GME you can just track the GN and you'll notice that the price usually just ends up being at that point.
When it comes to the Jan 21 sneeze then yes, the price movement there was mostly people FOMOing into the stock since it was going parabolic, the actual short squeeze only didn't happen due to APEX clearing disabling the buy side of GME, otherwise god knows what price it would've reached. And while I'm sure that there are more than enough hedgefunds that did profit from GME, most of the ones that were the reason why people got into it got burned a lot (E.g. Melvin Capital).
Overall I'm quite sure this won't be the last time we see a squeeze similar to those happening, there are a bunch of companies still being overshorted and a lot of people that are down to throw money at those just because of pure anger. And while that's not a reason for me to invest I understand why. Seeing over and over what big players get away with is infuriating and the way the SEC mostly just looks the other way makes it even worse.
TL;DR:
From what I've seen most people on forums like WSB mostly invested into BBBY due to perfect setup to squeeze.
Lots of market manipulation going on when it comes to these small/mid cap companies stocks and the SEC likes to just ignore it.
There will probably be more of these kind of setups on either the same stocks or different ones.
Other than that have a good day.
This is a reasonable take.
It's at 6.90 right now. What are your thoughts as of today?
@@jonathansykes4986 I mean a drop had to be expected considering the tragic news :\
And if you're down to play volatility then I still think BBBY is worth having an eye on, just gotta be really careful with your timing of the entrance/exit
@@ProAssassinII 20% is a gigantic downturn.
@@jonathansykes4986 And I said it's a volatile stock tho, up 12% atm
Yes, please explain this!
Loved this video
Their CFO jumped out the window to kill himself after a federal probe.
Always investigate and invest in a great company , not a stock.
Helps to keep your speculation to a very small percentage of your invested assets. The herd mentality with the memes is just leading a lot of people to get burned over the long run vs the few that hit and sell before the crash.
Great video. Appreciate the straightforward content
Is this Kind of day Trading by everyday people similar to the Trading of the 1920s?
Thanks for the coverage! Would like to see more 'Meme Stock' Videos, how they peaked and why. And its crazy that people haven't learned from GME
because the wsb still chasing after the next gme.
as you can see gme was actually a success if you bought and dollar cost averaged correctly people had plenty of chances to buy 40-50 dollars during and after DFV congressional hearings proving robbing the hood was corrupt along with citadel ken griffin lied to congress in their faces without facing jail time.
so GME rallied again to 100-300 dollars and came back down settling at 150-200 dollars again. GME is actually doing fine now settling around 150 level still amazing isn't it.
WSB wont buy another GME but wants another GME to fomo into.
that itself is the problem. GME was shorted 100%+ of total shares outstanding not just free float which was 200+% short.
most of the ones they found so far was 100% free float which isn't the same there is a big difference.
one is systemic risk gme that had the Market makers committing financial terrorism to cover up and lying to congress while paying off the SEC to look the other way.
while BBBY was just 100% free float short and shorts can still cover if people sell.
Ryan wants only baby from BBBY nothing else if you read his letters to the board.
Jake freeman obviously hired by HF to pump and dump bbby he also sent a letter to the board. and was pumping bbby on reddit confirmed. as he bought in at 5-6 dollars average. making more with 1-2 month trade than Ryan Cohen 6 month trade.
Always people out there wanting to try their luck 🤡
It's because gme and amc haven't crashed yet. Still need these rugs pulled.
@@Zaerki AA of AMC working on it Ape stonk intentionally diluting sharehodlers because sharehodlers voted down his proposal to dilute lmao
So are they done for good never to rise again ?
Never been to that store in my life but I did option trade the stock and turned 460 to about 1900. Could have made way more but sold my puts WAY too early 🙃😭 oh well
Loving the frequent uploads! Unreal channel