Tuesday - December 6, 2022

Today's newsletter will take 3.03 minutes to read.

DRS UPDATE: 58.35*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• The BBBY Bond Deal has been Extended...Again

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that is working on patience 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.

Have you noticed that BBBY has closed positively the last 5 consecutive days? Can we make it 6 today? This change in momentum has the makings to turn this into a very Merry Christmas.

The pressure to buy great gifts can be too much at times. My wife told me if I bought her one more stupid gift, she would burn it. So I bought her a candle. /joke

With Christmas only 19 days away, we wanted to keep you safe this holiday season. With today's clever life hack, you may not even need to set your home alarm:

Put Your New Tv Box On Your Neighbor's Side So You Wouldn't Get Robbed

Pro Tip: this works best when your neighbors are out of town

Monday Recap: BBBY traded between a low of $3.53 and a high of $4.18 before closing at $3.61. Trading volume was 21.08 million shares.

Cost to borrow: There were 350,000 shares available to borrow this morning and as of now, 200,000 remain. The cost to borrow has dropped to 6.3%. 

Pre market: Bed Bath and Beyond is trading down $0.05 to $3.56 a decrease of 1.39% on over 300 thousand volume.

Max pain: The current max pain for BBBY has remained at $3.50.

Monday Recap: GME traded between a low of $25.44 and a high of $27.48 before closing at $25.55. Trading volume was 4.49 million shares.

Cost to borrow: There were 550,000 shares available earlier this morning. Currently there are 200,000 remaining. The cost to borrow has remained steady at 7.5%.

Pre market: GameStop is trading up $0.40 to $25.96 an increase of 1.56% on 30 thousand volume.

Max pain: The current max pain for GME has remained at $26.00.

GameStopNFT tweeted:

We're going to check this one out and pick our hero.

Did you know?

Legend has it that the origin of white elephant gift exchanges can be traced back to the kingdom of Siam (modern-day Thailand). The Siamese king would gift an actual albino elephant to anyone who displeased him. Now, that might not seem like such a bad thing, but these rare elephants were incredibly expensive to take care of—so whomever received one had to take on the financial burden of keeping a 6- to 12-ton mammal alive and happy.

The white elephant was also a revered symbol in Thai and Buddhist cultures, so you couldn’t get away with simply letting it go or regifting it. And, seeing as they were considered to be sacred animals, they weren’t allowed to be put to work. So, as you see, it wasn’t a gift at all, but an extravagant burden meant to ruin the recipient’s finances.

The BBBY Bond Deal has Been Extended...Again

In a not-all-that surprising announcement this morning, BBBY put out a release this morning notifying shareholders that the bond deal has been extended again. This time it goes through December 19, 2023.

Although we were hopeful enough bond holders took the offer and exchanged their bonds, we knew the probability of another extension was likely. To recap, BBBY offered existing bond holders a deal to defer their bond redemption payments. In exchange, they've offered a higher interest payment. Once enough of the bonds have been exchanged for the new deal, we'll enter the next phase in the "speculated" acquisition.

Until then, we wait and speculate.

Ryan Says

Ryan tweeted this back in April:

We love that our favorite chairman has such a great sense of humor!

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.