Monday - August 29, 2022

Today's newsletter will take 3.23 minutes to read.

DRS UPDATE: 50.022*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• Speculative Fun

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that, besides attempting to solve these riddles, 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.

We visited a Bed Bath and Beyond store over the weekend and wore our GameStop hoodie, nice! We're happy to report the inventory looked plentiful and the store temperature was very comfortable. The AC was running nicely on that 91 degree day!

In case you weren't aware, some articles were published a few weeks ago talking about how dire things were for Bed Bath and Beyond that "they weren't running their air conditioners" in order to save money.

Not only was that not the case, they actually sells air conditioners!

We decided to buy one since some were on sale, however, we opted not to purchase the warranty. But, it'd be cool if we did. /joke

Exploring the new product offerings from GameStop and Bed Bath and Beyond is exciting! As our portfolio increases, we'll be able to continue upgrading our lives. That brings us to today's life hack. If your air conditioner goes out, consider making one yourself:

Hey, just add some vanilla to that ice for a scented air conditioner!

Friday Recap: BBBY traded within a range of $10.10-$11.42 on 57 million volume. It closed at $10.70. This was a great performance considering the broader market was down so much on Friday.

Cost to borrow: There were 1,100,000 shares available to borrow this morning and as of now, 15,000 remain. The cost to borrow has dropped to 15.8%. 

Pre market: Bed Bath and Beyond is trading up $0.93 to $11.63 an increase of 8.69% on around 4 million volume.

Max pain: The current max pain for BBBY has dropped to $10.50.

Did you notice the DRS % crept back up over 50%? Congratulations!

Friday Recap: GameStop traded between $30.63 and $32.28 on 4.29 million volume. It closed at $30.94.

Cost to borrow: There were 400,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has dropped to 12.6%.

Pre market: GameStop is trading down $0.50 to $30.44 a decrease of 1.62% on around 100 thousand volume.

Max pain: The current max pain for GME has dropped to $33.50.

 GameStopNFT tweeted:

Last week we told you Betty Boop would be launching on GameStop NFT, now it has launched! Such a cool collection!

Did you know?

The first air conditioner wasn’t designed for comfort. In 1902, Willis Carrier, who worked for a publishing company, decided enough was enough with his paper from expanding and ink from running during the summertime. He came up with the ideas for the first widely known factory-scale cooler!

That air conditioner may require an air conditioner to keep it cool

Speculative Fun

Let's have some fun speculating on what will be unveiled at Wednesday's announcement, shall we?

At one end of the spectrum, the speculation is that the Bed Bath and Beyond announcement is simply letting the world officially know about the loan that can help keep it afloat. 

At the other end, something much bigger where Ryan Cohen, Dragonfly, Catterton and/or Volition unveil what they've been working on for quite some time. This may involve other names we've seen included in some of these theories such as Blockbuster, Koss, Tower Records, Toys R Us, and Sears. Now how would that be to stun the financial world?!

What do we think?

We believe there's a 99% chance the announcement will involve Ryan Cohen.

We believe there's a 99% chance it'll involve an acquisition of buybuy Baby or Bed Bath and Beyond.

Beyond that (no pun intended) we don't know exactly what to expect, but love playing the guessing game!

Ryan Says

Back in January of 2021, Ryan tweeted this:

Is the announcement from Bed Bath and Beyond going to shine some light on some of the other cryptic tweets we've seen over the past few years? We sure hope so!

There's speculation that Blockbuster is involved. Blockbuster Twitter account came back to life on July 22, 2022 with a tweet about NFTs. Hmmm...

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

Why GameStop?

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.