Monday - January 30, 2023

Today's newsletter will take 2.03 minutes to read.

DRS UPDATE: 51.38*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• Did you know?

• What an Eventful Last Few Days

Good Morning! This is Mother Squeezer, the newsletter that twists and turns as developments occur and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Wow - what an eventful last few days. We've had theories surface as to why BBBY opted not to make their ABL payment and why amended Form 4's were filed. One of these theories suggests:

Friday Recap: BBBY traded between a low of $2.28 and a high of $2.83 before closing at $2.55. Trading volume was 55.36 million shares.

Cost to borrow: There were 75,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated 276.7%. 

Pre market: Bed Bath and Beyond is trading down $0.07 to $2.48 a decrease of 2.75% on over 1 million volume.

Max pain: The current max pain for BBBY has remained at $3.00.

Friday Recap: GME traded between a low of $22.35 and a high of $22.31 before closing at $22.82. Trading volume was 11.89 million shares.

Cost to borrow: There were 500,000 shares available earlier this morning. Currently there are 25,000 remaining. The cost to borrow has remained steady around 20%.

Pre market: GameStop is trading down $0.43 to $22.39 a decrease of 1.88% on around 40 thousand volume.

Max pain: The current max pain for GME has remained at $20.00.

Did you know?

After being in a negative cash flow free fall under the previous regime, Bed Bath & Beyond seems to have stabilized and looks to be heading towards being "cash flow neutral" as previously forecasted by CEO Sue Gove.

What an Eventful Last Few Days

Do you remember last week when the BBBY board members opted for cash en lieu of having their shaves vest? Well, on Friday, amended Form 4's were filed, showing each of the board members reverted back to vested shares...except one.

Now this is highly speculative, but it seems one board member won't be a board member much longer. Harriet Edelman, Independent Chair, appears to be relinquishing her duty.

Again, this is highly speculative, but conversations started swirling on Friday that with the recent action of Blackrock recalling their shares, giving them voting rights, Ms. Edelman may have been sharing information with them that would not have been in the best interest of the company (BBBY).

Some have speculated there was a trap setup to determine who was leaking information.

We'll have to see how things play out of course, but that's what has been going on. This journey is getting more and more interesting and confusing at the same time.

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.