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- Tuesday - December 20, 2022
Tuesday - December 20, 2022
Mother Squeezer
December 20, 2022
Today's newsletter will take 2.03 minutes to read.
DRS UPDATE: 48.07%* (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
10th Day of Christmas
Monday recap
Did you know?
Good Morning! This is Mother Squeezer, the newsletter that delivers the buzz and brings you gift ideas, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
As expected, Bed Bath & Beyond extended the bond exchange offer once again. This time it goes until January 4, 2023 (Happy Birthday TP!). Guess when Ryan Cohen's standstill agreement ends with BBBY? Yep, January 2, 2023. It seems things are lining up for an exciting start of the year.
10th Day of Christmas
Nespresso - Vertuo Chrome by Breville
It should come as no surprise to learn that we love coffee. Some things we love almost as much are coffee gadgets. Nespresso has partnered with Breville to produce this sleek machine capable of producing quick, hot, tasty coffee and espresso drinks. The included milk frother will expand your barista options and you'll be sipping on enjoyment in a buzz with a 20 second brew time.
It's true, we consider coffee as part of our daily grind.
Monday Recap: BBBY traded between a low of $2.73 and a high of $2.94 before closing at $2.78. Trading volume was 7.59 million shares.
Cost to borrow: There were 80,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has dropped to 5.2%.
Pre market: Bed Bath and Beyond is trading up $0.01 to $2.79 an increase of 0.36% on over 90 thousand volume.
Max pain: The current max pain for BBBY has dropped to $3.00.
Monday Recap: GME traded between a low of $19.59 and a high of $20.89 before closing at $19.92. Trading volume was 3.70 million shares.
Cost to borrow: There were 300,000 shares available earlier this morning. Currently there are 300,000 remaining. The cost to borrow has remained steady at 7.8%.
Pre market: GameStop is trading up $0.06 to $19.98 an increase of 0.30% on 20 thousand volume.
Max pain: The current max pain for GME has dropped to $22.00.
Did you know?
Breville, founded in Melbourne in 1932, is an Australian manufacturer of small kitchen appliances, and they have been on the scene for nearly a century. They began with radios in 1932 and moved into mine detectors during WWII.
The Breville name came from its co-founders – Bill O’Brien and Harry Norville.
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
BBBY: Ben - Mr. Business
GME: Richard Newton
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.
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