Tuesday - October 18, 2022

Today's newsletter will take 2.57 minutes to read.

DRS UPDATE: 55.98*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• BBBY Valuation

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that makes you salivate by bringing 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.

Happy National Chocolate Cupcake Day! We didn't realize that was a thing but we're glad to be enlightened!

We just got over our addiction to chocolate, marshmallows and nuts. We won’t lie, it was a Rocky Road. /joke

When Ryan tweets - exciting things follow. Some may go as far as having an informal celebration. Some celebrations involve baking.

If you find yourself wanting to bake some cupcakes today, follow today's clever life hack for better results - chill your bowl for extra fluffy frosting:

What's the difference between a baseball cupcake and a baseball muffin? The batter.

Monday Recap: BBBY traded between a low of $4.93 and a high of $5.30 before closing at $5.72. Trading volume was 6.35 million shares.

Cost to borrow: There were 450,000 shares available to borrow this morning and as of now, 200 remain. The cost to borrow has dropped to 9.7%.

Pre market: Bed Bath and Beyond is trading up $0.22 to $5.39 an increase of 4.06% on over 160 thousand volume.

Max pain: The current max pain for BBBY has remained at $6.00.

Monday Recap: GME traded between a low of $25.24 and a high of $26.41 before closing at $25.96. Trading volume was 3.16 million shares.

Cost to borrow: There were 700,000 shares available earlier this morning. Currently there are 30,000 remaining. The cost to borrow has remained steady at 9.4%.

Pre market: GameStop is trading up $0.59 to $26.55 an increase of 2.27% on 40 thousand volume.

Max pain: The current max pain for GME has dropped to $27.50.

GameStopNFT tweeted:

A multi-chain NFT data aggregator? This is new to us, sounds very much needed!

Did you know?

Sometimes you can lose and still win.

In October 1986, Icahn launched an unsuccessful $8 billion hostile takeover for 89% of U.S. Steel; the bid was dropped in January 1987. In 1991, he sold his stake in the company for $1 billion, making a $200 million profit.

BBBY Valuation

We all know that the price of BBBY is wrong. But how wrong is it?

Yesterday we introduced you to Mr. Business. In his video, he presents a comparison, showing what BBBY would be valued at if it traded at the same multiple as other retailers. He used Target, Bath and Body Works, Best Buy and Walmart as comps. Here are the results:

Current: $5.17

Average: $50.39

Median: $51.19

Low: $18.21

High: $105.01

He makes a case that BBBY could be trading between $18.21 on the low end and $105.01 on the high end after Bed Bath and Beyond is cash flow positive.

Guess what? At the last earnings call, Bed Bath and Beyond guided us with favorable expectations stating they are on pace to be cash flow positive by the end of the year!

Ryan Says

Ryan tweeted this last night:

Investors of both GME and BBBY were going nuts to see these two legends in one photo - Carl Icahn and Ryan Cohen.

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.