Wednesday - August 3, 2022

Today's newsletter will take 2.70 minutes to read.

DRS UPDATE: 51.011*% (Estimated Percent Direct Registered) 

*source: Computershared.net

What’s the best way to make a small fortune in the stock market?

Start off with a big one. /joke

Good Morning! This is Mother Squeezer, the fun newsletter bringing you knowledge and insights about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Tuesday was another exciting one. Both BBBY and GME were up which is always nice to see, but we still know...

BBBY started the morning off strong breaking through the $6 mark, topping off at $6.54 before it appeared that shares were borrowed and aggressively shorted it back down. BBBY closed at $5.79 for a 0.35% gain on the day. Volume once again was very high, almost double the average.

Around noon, there were around 750,000 shares available for the "bad guys" to borrow on Interactive Brokers, where it appeared at leased half a million of those were indeed borrowed. We're monitoring the rising CTB (cost to borrow) of those shares which seems to be an indicator predicting future movement. The CTB is currently at 5.5% which is way up from where it was a few weeks back. We'll keep you posted on this metric and see if we can predict a nice pop.

After the market closed, it was revealed that Loverly, has formed a new partnership with Bed Bath and Beyond. Loverly, a DIY wedding planning resource, and their estimated 20 million users will now be directed to register with Bed Bath and Beyond. This really could not have come at a better time for BBBY. The 2022-23 wedding season is forecasted to be the biggest in the last 40 years with over 2.6 million weddings planned. I DO - really love this collaboration as it makes so much sense for both entities!

What's on the horizon? Going back to the last shareholders meeting, the Bed Bath and Beyond board indicated that something may be in the works and that we could know by the end of August. That's only 3.5 weeks away. Now we know anything can happen at any time, however, it's nice to have an endpoint in mind while waiting on something big. We're speculating that it could be announcing a buyer for the Buy Buy Baby brand. It could also be an announcement that Buy Buy Baby will spinoff from BBBY. Either way, this would be a very exciting development to unlock value for shareholders. Many people think the value of the Buy Buy Baby brand exceeds the current BBBY market cap. Let's not forget, BBBY was trading around $16 back when RC Ventures announced purchasing a 9.8% stake.

What do we think? It's early in RC's Activist Investor career, but reading between the lines has us thinking they'll spin Buy Buy Baby off and keep it. How would you interpret this tweet?

GameStop closed up 3.05% ending the day at $35.84 on lower than average volume. The volume has dried up as of late for GME which, in the past, has occured before a big run up. We don't know what to expect this go round but sure do enjoy watching the excitement each trading day! One thing is for sure - ever since Ryan Cohen got involved, things have been thrilling.

Speaking of our dear chairman, he hasn't tweeted all week. In case you didn't know, Ryan Cohen is limited in what he can share with the public since he's, you know, the chairman and all, but he's been communicating with cryptic tweets, sporadically, since January of 2021. Enthusiasts on Reddit and Twitter race to decipher them. The power of the crowd swarm is strong. That's how we learned of the stock split from his July 19, 2021 tweet shown below:

Chopsticks - splitting...cryptic, right?

You too can play, just follow ol' RC over on Twitter and set your notifications to be alerted when he becomes active: https://twitter.com/ryancohen

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!

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.