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- Tuesday - September 6, 2022
Tuesday - September 6, 2022
Mother Squeezer
September 06, 2022
Today's newsletter will take 3.09 minutes to read.
DRS UPDATE: 50.410*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Friday recap
GameStop NFT update
Did you know?
The Dust Will Settle
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that hangs with you under there 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.
We are naturally positive and keep things light around here but wanted to acknowledge the tragic passing of Gustavo Arnal, the former CFO of Bed Bath and Beyond. No matter the circumstances, we were saddened to learn of his passing and feel for his family as they mourn his loss.
Now, on to regularly scheduled events. We're traveling this week so the newsletters will be on the brief side.
We didn't do too much over the long weekend, but did binge watch some old Twilight Zone episodes. Our favorite was "Nightmare at 20,000 Feet".
That was almost 75 years ago! Over the years, William Shatner has branched out of acting to become a business man in various areas. Did you hear he started his own line of underwear? Sales have been slow, not sure if it's the economy or the brand name, he's considering changing it to something else. Turns out “Shatner Panties” may not have been the best name selection. /joke
While we're on the topic of underwear, now would be a great time to bring you today's clever life hack on keeping things safe while at the beach:
Like they always say, diapers are like guns... you always have to assume they’re loaded.
Friday Recap: BBBY traded between a low of $8.17 to a high of $8.75 before closing at $8.63 on over 31.2 million shares being exchanged.
Cost to borrow: There were 1,100,000 shares available to borrow yesterday morning and as of now, 0 remain. The cost to borrow has climbed back up to 17.2%.
Pre market: Bed Bath and Beyond is trading down $1.24 to $7.39 a decrease of 14.37% on over 2.5 million volume.
Max pain: The current max pain for BBBY has dropped to $10.
Friday Recap: GameStop traded between a low of $26.93 to a high of $28.74 before closing at $27.36 on over 4.68 million shares being exchanged.
Cost to borrow: There were 100,000 shares available yesterday morning. Currently there are 0 remaining. The cost to borrow has remained steady at 11.2%.
Pre market: GameStop is trading down $1.16 to $26.20 a decrease of 4.24% on over 280 thousand volume.
Max pain: The current max pain for GME is $30.
GameStopNFT tweeted:
It’s never stale on Fresh Fridays! Were you quick enough to find GMERICA last week? Check back every Friday when we feature fresh new projects on the GameStop NFT homepage!
— GameStopNFT (@GameStopNFT)
2:46 PM • Sep 2, 2022
It's nice to see the GameStopNFT channel keeping things fresh with Fresh Fridays!
Did you know?
Apparently, Bed Bath and Beyond shoppers will appreciate this - before air conditioning, many people had a simple solution for keeping cool: storing their underwear in the freezer.
We've got to ask, did you look under there?
The Dust Will Settle
Let's not dance here, there's a lot of uncertainty, fear and doubt that has been cast at BBBY investors as of late. The unexpected and tragic passing of CFO Gustavo Arnal will most likely cause concern for some investors.
In light of the recent events, we plan to continue to hold strong and let things play out. There are a slew of FTDs coming due in the coming weeks and we're looking forward to seeing how things play out. The company may be near the bottom but we believe there's a whole lot of thumbing up ahead.
Ryan Says
Ryan tweeted this back in June:
Wall Street charges lofty fees, doesn’t risk its own money, consistently underperforms and wins regardless of how the economy does. Meanwhile, Main Street faces inflation and a growing wealth gap. What’s the solution?
— Ryan Cohen (@ryancohen)
10:59 PM • Jun 27, 2022
Ryan is not a fan of Wall Street tactics. Someone asks RC how to change it, RC responds with "Directors should comprise of owners who bought shares with their own money". Enter Sue Gove, interim CEO of BBBY.
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!
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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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