Bed Bath & Beyond Inc (fka BBBYQ)

[Prudent Capitalist]

ROTFLMFAO!! How could BBBYQ ever reemerge as anything? It auctioned off/sold its brand name and all IT and IP (Intellectual Property) for a pittance and has now sold off all of its best leases, and it is liquidating and shutting down. And, as for the laughable notion that "debt is disappearing"? Look at the Monthly Operating Report filed June 23. Assets barely cover half the secured debt. Unsecured debt holders get zero. When the shares are cancelled, shareholders will, of course, get absolutely nothing. The secured creditors and bond holders will not even come out whole. SMFH

Debt is disappearing fast, CFO says this is a $5 Billion dollar company recently, Chapter 11 success story for an iconic brand which will reemerge stronger financially and more nimble , e-commerce powerhouse.