![]() ![]() For example, BBBY had a huge price and volume spike on June 2, 2021, the same day that GME and other meme stocks also experienced massive price spikes and trading. But somehow 84% of the float according to Yahoo Finance?!) and the stock's weird trading correlation with other so-called "meme stocks" like GME, AMC. Of course, no mention of BBBY and Ryan Cohen would be complete without mentioning the short interest in the ticker ( 20M shares publicly reported short, or 25% of total shares outstanding. He clearly has more than a passing knowledge of, and interest in, the current state of the economy. Ryan Cohen has been very vocal on his Twitter account since the New Year regarding inflation, monetary policy, and the Fed. In addition to buying 9.5M shares between $13-17 (~$150,000,000), Cohen also purchased a ton of Jan 2023 Calls (16,701 contracts) with $60-$80 strike prices: BBBY has also bought back $1bn worth of its shares in recent years, and clearly considers its own share price to be very undervalued: This idea has some merit to it, and has been discussed before:Ĭurrently, BBBY is trading at around $8, with a paltry $650M market cap, against annual revenues of approx. Ultimately, Cohen was able to secure 3 Board seats on the company for his hand-picked associates, and now has quite a bit of sway regarding the company's future:īBBY is now trading at about a 0.11x price-to-sales ratio, and Ryan Cohen has announced that he thinks the profitable BuybuyBaby chain should be sold off (for several times more than the company's current market cap) in order to erase BBBY's debt and narrow the parent company's scope. I opened my BBBY position in March 2022 when Ryan Cohen (he of Chewy and GameStop fame) bought his 9.5M BBBY shares for a ~10% stake in the company and then engaged in a very aggressive social media campaign against the company's executives and its "over price consultants". Most information to help you learn and practice can be found in our wiki.ĭisclosure: I hold a modest long position in this ticker, currently underwater by about 25%, no biggie. ![]() Related Subreddits (see the rules above for related subs as well) Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks.
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