Bed Bath & Beyond Inc (BBBY)

[MoneyMaker111]

BBBYQ: This is MOABT: ("Mother of all Bear Traps")

1. BBBY had delayed their 10Q for months. When it was finally filed, it showed $5.5B in debt

2. Today, BBBYQ files an 8K showing that they have reduced this debt to $1.7B

3. A vast majority of this debt is owed to bond holders, setting the company up to be LBO'd

4. Bond debt can also be forgiven

5. Raw assets are slated to be valued far-in-excess of $3B. Annual sales were just-recently in the $5B range.

6. Chapter 11 proceedings allowed BBBYQ to negotiate away $3.8B (Billion, with a capital B) in debt in the form of leases and other bad debt

7. This is exactly what a Leveraged Buy Out (an LBO) looks like. What's better, the relatively-small $1.7b still owed in bond debt can essentially be considered nothing if said bond holder uses their position to acquire/merge/spin-off the company.........

"Shorts are currently staring into the barrels [one for each eyeball] of a double-barrel shotgun."

$BBBYQ
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