Tuesday - February 21, 2023

Today's newsletter will take 3.03 minutes to read.

DRS UPDATE: 59.48*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• GameStop NFT update

• Did you know?

• The Benefits of the Bankruptcy News

Good Morning! This is Mother Squeezer, the newsletter that welcomes you to a new year and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Welcome back after a long weekend. It appears we've been on Reg SHO for the 33th consecutive day. As a reminder, back in 2021, GME started moving on day 34. It climbed from a close of $9.78 on day 33 to $86.88 on day 38 (after reaching an intraday high of $347.52).

If history repeats itself, we're in for an exciting week!

Friday Recap: BBBY traded between a low of $1.75 and a high of $2.01 before closing at $1.81. Trading volume was 75.89 million shares.

Cost to borrow: There were 750,000 shares available to borrow this morning and as of now, 250,000 remain. The cost to borrow has dropped to 98.1%.

Pre market: Bed Bath and Beyond is trading down $0.06 to $1.75 a decrease of 3.31% on over 2 million volume.

Max pain: The current max pain for BBBY has remained at $2.00.

Friday Recap: GME traded between a low of $21.15 and a high of $22.07 before closing at $21.99. Trading volume was 2.85 million shares.

Cost to borrow: There were 700,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has dropped to 13.4%.

Pre market: GameStop is trading down $0.19 to $21.80 a decrease of 0.86% on around 20 thousand volume.

Max pain: The current max pain for GME has dropped to $20.00.

GameStopNFT tweeted:

In-game, own-able NFTs are becoming a thing and GameStop is leading the way!

Did you know?

Once upon a time, Cinderella's slippers were actually made of gold or fur. In the modern version of the story most people know and love, her slippers are made of glass. Glass slippers sound beyond uncomfortable but modern-day Cinderella made them work!

In older versions of the story where she wore slippers made of gold or fur, the story still went the same. She lost one of them and had it returned to her by the prince.

The Benefits of the Bankruptcy News

Yesterday on ThePPShow, PP interviewed a woman whom he met at buybuy Baby a few weeks earlier. For the sake of anonymity, he affectionately referred to her "Gradma PP". He approached her while shopping because she had a full cart and he was curious what she thought of the store.

She went on to tell him that she had 11 grand babies that she enjoyed buying things for and that buybuy Baby was the best place to shop providing the best deals. She feared it would be closing and wanted to stock up while she could.

She went on to say many of her friends were also grandparents and they were doing the same thing. She had seen the headlines that the company would soon be filing for bankruptcy and believed they wouldn't be around much longer. She went on to say that fearing their demise had her making larger purchases than she normally would have made otherwise.

It'll be interesting to see how these sales numbers affect the fourth quarter results. Late last year, CEO Sue Gove forecast a "cash flow neutral" projection that would be an incredible outcome in this Cinderella turnaround story.

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: ThePPShow

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.