Let's assume tomorrow's announcement is nothing, just lukewarm guidance and info about the loan. Let's also assume bankruptcy is off the table. How good is BBBY as a long term play without a squeeze? I'm talking years from now when the memes have died out.
The financials don't seem too hot, lots of debt and a hemmoraghing of money. But I have a couple of things that make me feel like it could be changing. For one they have said they want to sell Buy Buy Baby for awhile now, which would clear up most if not all of their debt.
The new CEO along with the fact they hired a restructuring law firm could mean they could start seeing some profit soon. The last CEO (Tritton) was known to be financially irresponsible.
It seems to me like BBBY is at a huge discount since it's being priced as a store going bankrupt. Any thoughts?
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