We got ta talk about bed bath and beyond, maybe better known in your mind, as b b b y may be better known as the thing in pre-market trading that is currently up. 92, at one point, was up over a hundred percent, and the golden question is: how high is it gon na go and also what in the world is going on? I want to dive into that right now, so just to give you some of the metrics just so you know bbby, yes, it is being heavily shorted. It has a short interest of 28.6, a utilization of 57 shares on loan of almost 32 mil, and just so you know, the free float is in the realm. I have it right here of 93 million shares, so it's not a low float, but it also doesn't have that many shares a little bit more than gamestop, and the reason why it's so interesting to compare to gamestop is because well check this out.

This is why it's up gamestop, chairman ryan coleman, reveals a 150 million dollar stake in bed bath and beyond and urges its bosses to explore a sale of the company. Gamestop chairman ryan cohen, disclosed a 9.8 stake in bed bath and beyond, almost 10 percent. Definitely an activist investor, the activist investor urged the retailers bosses to refocus and explore a sale of the company cohen, push for compensation changes and a spin-off or sale of the bye, bye, baby division. Now, if you recently seem to watch the hbo max documentary on carl icahn, this verbiage is really making me think that ryan cohen is potentially the new carl icon.

Uh really coming in activist investing shaking up the board, which we're gon na get into more of those details and in the process, tends to make a lot of people a lot of money. Cohen's investment, firm, rc ventures owns about 150 million dollars worth of bbby shares. Those are probably now valued at 300 million, based on their closing price on friday. Once again, rub 100 easy just multiply by two: nothing like making 150 million dollars.

Over the weekend, the activist shareholder called out the retailers recent sales declines, shrinking market share, slumping stock price supply chain issues, bloated executive compensation and unrealistic plan to revive growth. The issue at bed bath is that it is highly publicized and scattershot strategy is not ending the tailspin that has persisted before he said in a letter to the wall street journal and once again that letter technique of writing. What's going on and giving it to big news outlet, that's exactly what carl icon did i'm telling you if you haven't watched that documentary it's on hbo max and you're gon na see a lot of similarities between carl icahn's legacy and really what he did and right Now, what we're seeing ryan cohen, not only what he did with gamestop, but right now, what he's doing with bbby cohen, recommended that retailers focus on modernizing its supply chain and technology, managing its catalog of core products and making sure it has the right inventory mix for Customers in the face of supply constraints, so this supply issues is something that is really affecting many many companies, not only in the us, but throughout the world. Uh supply chain issues are very, very big right now.

The investor called for bbby to unlock the value of its bye-bye baby division by spinning it off or selling it. Moreover, he recommended bbb wise bosses, explore a sale of the entire company to a private buyer, as that could allow shareholders to pocket a significant premium and the retailer would likely have more cash, fewer costs and greater flexibility as a private company. And the final thing right here is what i've really caught my eye. Finally, cohn suggested: bbb wise bosses tie executive compensation more closely to performance and personally hold more shares of the company to give them a stronger ownership mentality.

I love that he's calling out the board. Um, this is one of these things that the more and more you look into it. You are not going to be impressed with what boards do just generically across america fortune 500. You look at the boards.

They are heavily overcompensated a lot of the times they don't own, much of the stock that they're allegedly representing the stock within the company that they're, allegedly representing. So the fact that ryan cohen is coming in putting his money where his mouth is dropping 150 mil owning almost 10 percent and saying hey, here's all the things that you should fix. If you actually care about really providing more value for your shareholders, man. Oh man talk about a mic drop moment, so this should just come out right here.

Bed, bath and beyond shares more than double after gamestop chairman reveals, big spake pushes turn around bed bath and beyond surge after gamestop chairman ryan cohenman revealed he had nearly 10 9.8. This came out on friday, um cohen, who also co-founded online pet retailer. Chewie wrote in a letter to bed bass board that he believes the retailer is struggling to reverse market share losses and to navigate supply chain woes. He said the company should explore selling itself to a private equity and spinning off the bye-bye baby chain.

We will carefully review their letter and hope to engage constructively around the ideas they have been put forth according to bed bath uh this. I can only imagine the extreme frustration that this statement from bed bath was written in to get so publicly called out like this man, oh man and as you can see by the giant jump in bbb wise price right now, you can tell that um, really whether It's institutional, retail or most likely some amalgamation of the two man man. Oh man, you can tell that they're just lining up and they're in agreement with them. I mean you're now seeing how much weight ryan, cohen's name really carries and you're shooting up from 16 to 30.

uh. This is obviously before the bell goes: diggity ding, ding ding, but i am more than excited to see how this one plays out, and obviously i got ta know your thoughts on bbby at this point at thirty dollars, are you bullish or bearish? You got ta. Let me know, and just so you know i currently have no position but i'm very interested in creating one i'll. Let you know if that changes you.

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