Friday - November 11, 2022

Today's newsletter will take 2.93 minutes to read.

DRS UPDATE: 57.33*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Thursday recap

• GameStop NFT update

• Did you know?

• Just How Undervalued is BBBY?

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that honors the veterans and brings you clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Happy Friday! It's been quite a week. Keeping up with the stock and crypto markets can take a lot out of us. We're glad it's the weekend and we can recharge.

What do u call a turtle running on a 9V rechargeable battery? Dura-Shell. /joke

Speaking of recharging, Rebecca brings us today's clever life hack which is great for recharging your phone:

For you Americans - Why can’t American phone chargers walk straight? Cause the USB trippin!

Thursday Recap: BBBY traded between a low of $3.61 and a high of $3.89 before closing at $3.88. Trading volume was 16.18 million shares.

Cost to borrow: There were 350,000 shares available to borrow this morning and as of now, 300,000 remain. The cost to borrow has remained at 7.1%.

Pre market: Bed Bath and Beyond is trading down $0.04 to $3.84 a decrease of 1.03% on over 100 thousand volume.

Max pain: The current max pain for BBBY has remained at $4.00.

Thursday Recap: GME traded between a low of $23.91 and a high of $25.70 before closing at $24.88. Trading volume was 6.10 million shares.

Cost to borrow: There were 350,000 shares available earlier this morning. Currently there are 350,000 remaining. The cost to borrow has remained steady at 9.1%.

Pre market: GameStop is trading up $0.19 to $25.07 an increase of 0.76% on 20 thousand volume.

Max pain: The current max pain for GME has dropped to $25.00.

GameStopNFT tweeted:

Today's the day! Mint your NFTs starting today!

Did you know?

Veterans Day occurs on November 11 every year in the United States in honor of the “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I, known as Armistice Day.

Just How Undervalued is BBBY?

We believe Bed Bath and Beyond is grossly undervalued at these prices, but just how undervalued is it? Today, we'll examine another retailer with similarities to BBBY for comparison.

Williams-Sonoma (WSM) is a comparable company. Let's explore the similarities:

• Store Count/Locations:

  • WSM-614

  • BBBY-899

• Share Price/# shares:

  • WSM-$119.34 per share, 66.71M shares outstanding

  • BBBY-$3.88 per share, 88.15M shares outstanding

• Balance Sheet/Income Statement:

  • Revenue: WSM-$8.58B, BBBY-$6.83B

  • Gross profit: WSM-$3.63B, BBBY-$2,62B

  • EBITDA: WSM-$1.75B, BBBY-$347.43M

• "Analyst" Price Targets:

  • WSM-$160

  • BBBY-$3.00

Now with all that being said, do you REALLY think BBBY is at a fair price right now, with WSM being 2890.98% more expensive per share? We KNOW that Bankruptcy is off the table atleast into the foreseeable future (Cash flow neutral end of fiscal year, which is in Mid February 2023). Yes the company has had its' problems, almost all of which can be attributed to the awful management by Ex Directors who've now either been ousted, or left.

What this shows is that BBBY is just so criminally undervalued (ba-dum-tssss), and that its' current price range could only be a fair value per share, if the company was headed for imminent bankruptcy, when actually, it's on a clearly visible path of recovery which in my opinion will lead onto the path of strong profitability.

(adopted to Mother Squeezer from u/Dan23DJR)

Ryan Says

Ryan tweeted this back in February:

God Bless America and Gmerica!

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

Start Here

BBBY: Ben - Mr. Business

GME: Richard Newton

Computershared.net

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.