Apes are expecting too much from tomorrow BBBY news
I've seen some ambitious and wild theories floating around about tomorrow's news. It is possible that we hear nothing about Baby tomorrow and that's OK!
The news I am looking out for is the new debt facility to provide cashflow for Q4 and beyond. This news would be bullish as it would take bankruptcy off the table. The current stock price is priced for bankruptcy, if bankruptcy is off the table, then eventually BBBY will be priced as a mediocre retail business, which would be a 0.88 P/S ratio (source: NYU Stearn) and would mean that BBBY would be $94 per share.
TL:DR: Don't expect to moon tomorrow and don't expect a Baby buyout announcement.
Submitted August 30, 2022 at 09:31PM by Original-Baki