Wednesday - December 7, 2022

Today's newsletter will take 2.93 minutes to read.

DRS UPDATE: 58.63*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• GME Earnings Expectations

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that switches things up and brings you gift ideas, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

With the bond deadline getting extended again, we don't anticipate many developments with BBBY until after January 2 when Ryan Cohen's standstill agreement ends. Additionally, since GameStop operates in secrecy, that leaves very little to discuss outside of the speculation that we've already laid out.  From now until December 22, we'll transition to the 12 days of Christmas highlighting gifts you can give from both Bed Bath and Beyond & GameStop.

1st Day of Christmas

Today we'll start with an item that I wear almost everyday. It's soft, warm, comfortable and stylish.

These hoodies will make an excellent gift for both the men and women in your lives. They're currently on sale for $47.98 and will arrive in time for Christmas if you order today!

https://www.gamestop.com/clothing/mens/clothing/jackets-outerwear/products/gamestop-logo-zip-unisex-hooded-jacket/306574.html

Tuesday Recap: BBBY traded between a low of $3.20 and a high of $3.65 before closing at $3.34. Trading volume was 12.77 million shares.

Cost to borrow: There were 150,000 shares available to borrow this morning and as of now, 90,000 remain. The cost to borrow has dropped to 5.6%. 

Pre market: Bed Bath and Beyond is trading down $0.07 to $3.27 a decrease of 2.10% on over 60 thousand volume.

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

Tuesday Recap: GME traded between a low of $23.11 and a high of $25.58 before closing at $23.39. Trading volume was 7.68 million shares.

Cost to borrow: There were 1,200,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has remained steady at 7.5%.

Pre market: GameStop is trading down $0.07 to $23.32 a decrease of 0.30% on 40 thousand volume.

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

GameStopNFT tweeted:

GameStopNFT introduced some new filters for displaying results, check them out!

Did you know?

While hooded garments originated before the common era, the hooded sweatshirt or “hoodie” that we know today was invented in the 1930s by Knickerbocker Knitting Company, which eventually became the brand 'Champion'.

The University of Michigan noticed the durability and functionality of Knickerbocker’s undergarments in 1934 and invited the company to create the first hooded sweatshirt for their sports teams. These sweatshirts were also sold to cold-storage warehouse laborers and tree surgeons to protect themselves from the elements.

GME Earnings Expectations

At this point, GameStop earnings are inconsequential. What we look forward to hearing is the actual DRS numbers that are reported directly from GameStop. You may notice towards the top of each issue of MotherSqueezer, a DRS update. This is an estimate of shares that have been directly registered in a users name, based on member updates posted in the Superstonk subreddit. Each day, you'll see posts like:

where users upload screen captures of their Computershare interface, after moving shares over from their broker.

Over the past year, GameStop began reporting the actual number of shares DRS'd during their earning reports. These figures will trail the estimate that you see at the top of our newsletters because they are the actual numbers, cut off prior to the end of the last earnings report - not the estimates. That means the estimates are about 4 months ahead.

We're excited to hear where things are today after market close.

Ryan Says

Ryan tweeted this a year ago:

Can you believe it's almost been 2 years since this tweet? Where has time gone?

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.