Friday - November 18, 2022

Today's newsletter will take 3.17 minutes to read.

DRS UPDATE: 58.07*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Thursday recap

• GameStop NFT update

• Did you know?

• The Bond Deadline is Tonight!

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that sometimes is forgetful, but still 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.

Aside from the stock price, things at Bed Bath and Beyond look great! Since Ryan Cohen got his people on the board, the company has been making a fast turn around. They previously announced that they expect to be cash flow neutral by the end of the fiscal year. But it's refreshing that it looks like they know when to slow down.

She looks lost. Maybe her GPS just told her to turn around. But then she couldn't see where she's driving. /joke

With Christmas being just over 5 weeks away, we're looking for ways to cut back and save money. Inflation has wreaked havoc on our finances with gas, services and food being much higher than they were last year. Try today's clever life hack to make your food dollars go further:

But be careful if you tell your secret to a taco. They always spill the beans.

Thursday Recap: BBBY traded between a low of $3.33 and a high of $3.49 before closing at $3.45. Trading volume was 8.82 million shares.

Cost to borrow: There were 1,100,000 shares available to borrow this morning and as of now, 150,000 remain. The cost to borrow has begun to climb and is at 11.1%.

Pre market: Bed Bath and Beyond is trading up $0.06 to $3.51 an increase of 1.74% on over 150 thousand volume.

Max pain: The current max pain for BBBY has remained at $5.00.

Thursday Recap: GME traded between a low of $26.15 and a high of $27.76 before closing at $27.76. Trading volume was 2.47 million shares.

Cost to borrow: There were 500,000 shares available earlier this morning. Currently there are 300,000 remaining. The cost to borrow has remained steady at 7.9%.

Pre market: GameStop is trading up $0.60 to $28.36 an increase of 2.16% on 40 thousand volume.

Max pain: The current max pain for GME has remained at $27.00.

GameStopNFT retweeted:

Keep your eye on @KiraverseNFT. It could be one to watch once this market turns around.

Did you know?

Probably the most well-known turnaround success story is the rise of tech company Apple. Apple went into a decade-long downward spiral after CEO Steve Jobs left the company in 1985 and lower-priced products from competitors, like Microsoft Windows, took over the personal computer market. For 12 years its innovation, popularity and sales continued to plummet, almost reaching bankruptcy until Jobs rejoined the company in 1997.

The company was able to turn itself around with a successful rebrand and new technology like the first iMac. Now, Apple is one of the most well-known and valuable companies in the world, raking in almost $300 billion in revenue each year.

The Bond Deadline is Tonight!

Ok, round 2. The bond deadline, which was originally scheduled to commence a few days ago, will come tonight at 11:59pm. We're not exactly sure when we'll hear the outcome of the offer, but we're excited just the same!

To remind you, the bond holders were offered a deal to push the 2024 notes into the future with a 2027 expiration at a higher interest rate. The 2034 and 2044 notes were offered to move forward to 2029.

This has brought a little pain to shareholders in the short term, but it's part of the turnaround plan that has taken bankruptcy off the table. This is the next crucial step in the acquisition process.

Carl Icahn has indicated he's got $5B in reserves to make acquisitions and Bed Bath and Beyond looks like a viable target. Carl already has products in Bed Bath and Beyond through another company in his portfolio. Ryan Cohen has made it very clear he thinks buybuyBaby is grossly undervalued. We think excitement is brewing and fireworks will fly in the coming weeks!

Ryan Says

Ryan tweeted this back in March:

Is Ryan in the midst of turning his first 2 companies around? We think so.

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.