Bed Bath & Beyond Inc (fka BBBYQ)

[shajandr]

Amazon is irrelevant. BBBY is going bankrupt. The only open question is whether it can pull off a Chapter 11 reorg or it will go to Chapter 7 liquidation.

Either way, existing common stock will be cancelled or virtually worthless. Yet some poor souls are buying this turd for $4 or so when the fundamental value is either zero, or in a best-case Chapter 11 reorg, maybe $0.001 per share of common stock.

Amazon could do great or terrible and either way BBBY ends up bankrupt. The die is already cast here. The open question is the exact date that the bankruptcy petition gets filed. They will start with a Chapter 11 petition and then we will see if it gets approved or if BBBY gets liquidated. Either way, the common stock is worthless or virtually so.