Friday - October 28, 2022

Today's newsletter will take 3.03 minutes to read.

DRS UPDATE: 56.87*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Thursday recap

• GameStop NFT update

• Did you know?

• BBBY Welcome Rewards Surging

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that encourages buckling 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.

These next few weeks with BBBY and GME should be exceptionally exciting. For BBBY, the outcome of the bond offer will be revealed and for GME, quite a bit of FTDs are due.

Yesterday, GameStop closed with a record low volume. We believe this is a direct result of the DRS (direct registering of shares) that has been going on for the past 15 months. You can see the latest % direct registered each morning at the top of the newsletter. Currently, we're around 57%. Tick tock, tick tock.

Zooming out, apparently the Brexit is inspiring other countries to hold their own referenda, and could lead to the breakup of the EU. Could this be The Final Countdown for Europe? /joke

Buckling up while driving or riding is pretty much common sense these days, but what may not be so common is today's clever life hack that could save you from getting another parking ticket:

Wanna hear a joke about a parking ticket? No?? FINE.

Thursday Recap: BBBY traded between a low of $4.97 and a high of $5.43 before closing at $4.98. Trading volume was 16.13 million shares.

Cost to borrow: There were 550,000 shares available to borrow this morning and as of now, 550,000 remain. The cost to borrow has dropped to 8.1%.

Pre market: Bed Bath and Beyond is trading down $0.18 to $4.80 a decrease of 3.061% on over 720 thousand volume.

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

Thursday Recap: GME traded between a low of $25.20 and a high of $26.33 before closing at $2. Trading volume was X million shares.

Cost to borrow: There were 800,000 shares available earlier this morning. Currently there are 800,000 remaining. The cost to borrow has remained steady at 9.1%.

Pre market: GameStop is trading up $0.87 to $26.80 an increase of 3.36% on 60 thousand volume.

Max pain: The current max pain for GME remains at $25.50.

GameStopNFT tweeted:

GameStopNFT is working with some big names...introducing this collection from Lionsgate, hear them roar.

Did you know?

The first car to feature the three-point seat belt was the Volvo PV544, but it was quickly joined by others. Maybe the most remarkable – and most significant – aspect of this invention is what Volvo did with their new technology: they gave it away for free. The company allowed other manufacturers to have the design free of cost, all in the name of safety. At the time of his death in 2002, Volvo estimated that Bohlin’s invention had saved more than one million lives in just four decades.

Bed Bath and Beyond Welcome Rewards Surging

Bed Bath and Beyond has a loyalty program called Welcome Rewards. Over the past month, it has grown by 1.6 million members. It now eclipses 8 million members. That's over 60,000 new members each day!

Bed Bath and Beyond, contrary to what you'll read in the headlines, is shaping up to be the turn around story of the year. Aside from growing it's loyalty program, newly announced CEO Sue Gove announced yesterday that "We don't think there is bankruptcy on our horizon" as part of a release in the WSJ.

Additionally, Sue went on to say that "Our accounts payable are as clean as they have ever been". So even though the stock is priced for bankruptcy, the company is in an upward trajectory.

Oh and don't forget. She previously set the expectation that the company will be cash flow positive by years end. This is what you call value investing. Buckle up!

Ryan Says

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.