224. Hot Takes - Bed Bath & Beyond Bankruptcy

sinclair | April 25, 2023

A new podcast is up! Check out the YouTube version HERE or The Winning Momentum Podcast on all major platforms.

In this Episode, in response to several listener questions, I provide my hot takes on the Bed Bath & Beyond Bankruptcy.

Observations relevant to the methodology we discuss on this show include:

– Bankruptcy does not necessarily mean the end. It is a tool for debtors to buy some time, raise some financing and facilitate a restructuring, sale or liquidation.

– There is a priority order to stakeholders’ claims on the assets of the bankrupt. The shareholders of BB&B will likely get zero.

– Turnarounds are always about Leadership. BB&B is on their third turnaround leader in less than a year and it’s not going well.

– BB&B bought back $1B in stock between 2020 and 2022, while going insolvent.

– and.. the most ridiculous court filing quote of the year.

Great Scott! Let’s get this ball rolling.

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