Bed Bath & Beyond Inc (BBBY)

[Prudent Capitalist]

Hello what? Not the ticker that anyone here used to own that went bankrupt and then the shares were cancelled and extinguished. There is a BBBY now, but it is the former Overstock which bought all of the assets and IP from the old Bed Bath and Beyond out of its bankruptcy at auction, including the rights to the old name and ticker symbol. The only holders benefiting are the Overstock shareholders, and it only made sense after a time for Overstock to convert to the name and ticker symbol to which it bought the rights out of the bankruptcy, along with the old BBBY assets.