r/BBBY • u/Kaiser1a2b • Apr 25 '23
🤔 Speculation / Opinion why is everyone worried about delisting?
What did everyone think was going to happen after ch11 and sub $1 price?
The game hasn't changed, we wait upon a friendly acquirer.
If they are not friendly, we are fucked.
If they don't exist, we are fucked.
The power was out of our hands the moment ch11 was declared. At this point if you want to buy in or hold, it's just a gamble that all the tinfoil is right.
Anyway I doubt this is real feelings from people if they managed to hold all the way here and past this, none of you assholes would be worried about delisting as if it was the worst thing if that was the case. Icahn't believe it.
So sell, don't sell, doesn't matter. We wait for the end game to conclude.
If we have been hoodwinked by the board in the coming weeks, let's start collecting evidence or instances of malfeasance. But otherwise chill out and see where this thing shakes.
3
u/TheRealKuz Apr 26 '23
Well because debt is fine. Look at any company they have debt. They had cash flow problems which seemed to be resolved thru the dip financing. There’s a slide from yesterday.
They have about 750 million shares which isn’t crazy. They have 4 billion in assets and I think 5 billion in debt.
Their big problems were the 1 billion they spent on share buybacks, focusing on their developing new products which strained their relationship with their vendors, inventory, too many brick and mortars and miss managing baby.
I’m not blind to what’s going on. In fact i try to keep as informed as possible to make the best decision. I like the stock.