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- Wednesday - January 4, 2023
Wednesday - January 4, 2023
Mother Squeezer
January 04, 2023
Today's newsletter will take 1.87 minutes to read.
DRS UPDATE: 49.55*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Tuesday recap
Did you know?
Beyond Uranus
Good Morning! This is Mother Squeezer, the newsletter that is awaiting the bond exchange outcome and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
The latest bond exchange offer from BBBY expires tonight just before midnight. We're not expecting this one to get extended again. We're hoping to learn the outcome in the coming days and see if the theories of Carl Icahn being involved were accurate.
The table has been set for an fireworks to ensue. Borrowable shares have decreased, the cost to borrow has increased, the earnings report is due in a matter of trading days, Ryan Cohen's standstill agreement has ended and the options chain is primed.
Buckle up!
Tuesday Recap: BBBY traded between a low of $2.25 and a high of $2.74 before closing at $2.31. Trading volume was 18.33 million shares.
Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained at 12.5%.
Pre market: Bed Bath and Beyond is trading up $0.04 to $2.35 an increase of 1.73% on over 195 thousand volume.
Max pain: The current max pain for BBBY has remained at $3.00.
Tuesday Recap: GME traded between a low of $17.09 and a high of $19.26 before closing at $17.20. Trading volume was 5.13 million shares.
Cost to borrow: There were 150,000 shares available earlier this morning. Currently there are 150,000 remaining. The cost to borrow has remained steady at 21.1%.
Pre market: GameStop is trading up $0.28 to $17.48 an increase of 1.63% on 20 thousand volume.
Max pain: The current max pain for GME has remained at $20.00.
Did you know?
A standstill agreement is a contract that contains provisions that govern how a bidder of a company can purchase, dispose of, or vote stock of the target company. A standstill agreement can effectively stall or stop the process of a hostile takeover if the parties cannot negotiate a friendly deal.
Beyond Uranus
There's a new stream on Youtube devoted to BBBY. It airs each Wednesday evening at 8pm EST. If you're free tonight, tune in for some more insights and theories:
Spread the Word
We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!
Some of our Favorite Resources
BBBY: Ben - Mr. Business
GME: Richard Newton
For errors, omissions or if you have something to share? Let us know!
Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.
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