Am I right in thinking that it isn't BBBY deciding to add these changes into the deal, but instead would be coming directly from the negotiating bondholder who wishes to have these things added in???
Much appreciated mate!👌Very reasonable conclusions given the changes that were made. Still like the stonk! Sounds like it's time to shift the accumulation into overdrive! 🚀
The fact that the fundamentals for the bond exchange are unchanged (i.e., equity price, bond interest rates, etc.) sounds like it's NOT a case of BBBY needing to "sweeten the pot".
To OP: Wonderful and terminally boring job. In you're opinion, if the company is sold soon, like January or February, and the stock price is near the present stock price, what is the new buyer (JC or Ichan presumably) likely to offer? If the offer is, say, $7.00 or under, is the management likely to accept?
Nowhere near $7. I mean, they had revenue of less than $10B two years ago. Then they went and did some highly regarded things such as wrong awful inventory mix, idiotic share repurchasing when their revenue loss hadn't stabilized,they were late expanding their e-commerce and they did their own crappy brands that few wanted (like 12 brands LOL).
400 mil eh? So do these notes allow the ability of Baby to be sold without having to pay back all the bonds at par first? I know the ABL was tied into it somehow as well.
Imagine, AA‘s shithouse spiked to around 70 with nearly 5.5 bn debts in summer 21… now whos fudding with us, motherfuckers? We will literally exolode !
Am I right in thinking that it isn't BBBY deciding to add these changes into the deal, but instead would be coming directly from the negotiating bondholder who wishes to have these things added in???
Pretty sure it’s exactly this, that’s the feeling I got anyway.
Completely awesome write up. I can definitely see negotiations happening and this is the reason especially with the small changes.
Wow, thanks dude! You put some serious effort into this. Respect. 🙏👏
LETS FKN GO
Much appreciated mate!👌Very reasonable conclusions given the changes that were made. Still like the stonk! Sounds like it's time to shift the accumulation into overdrive! 🚀
Thanks for this well composed list of changes mate. You are a legit rockstar.
Why would they even choose bankruptcy if they have an offer to sell?
There are plenty of executives that have huge egos or chips on their shoulders thinking they need to prove themselves.
From the bottom of my heart, I thank you, sir, for the time and effort you put into this research and post. Gives me hope for the future.
Excellent tit jacking material here..no seriously, this was an incredibly well researched writeup. Thanks!
Much respect and appreciation for your post.
You're doing the lord's work. May Keanu smile upon you this holiday season
The fact that the fundamentals for the bond exchange are unchanged (i.e., equity price, bond interest rates, etc.) sounds like it's NOT a case of BBBY needing to "sweeten the pot".
Going private does not trigger a share recall. Shorts are cash settled for the buyout price per share (see: Twitter)
To OP: Wonderful and terminally boring job. In you're opinion, if the company is sold soon, like January or February, and the stock price is near the present stock price, what is the new buyer (JC or Ichan presumably) likely to offer? If the offer is, say, $7.00 or under, is the management likely to accept?
Nowhere near $7. I mean, they had revenue of less than $10B two years ago. Then they went and did some highly regarded things such as wrong awful inventory mix, idiotic share repurchasing when their revenue loss hadn't stabilized,they were late expanding their e-commerce and they did their own crappy brands that few wanted (like 12 brands LOL).
I guess my $80 Calls R Fukt! 😮😆 I still believe!!! 🙌🏼💎
Thank you for sharing.
Awesome dd thanks!
wow
Reading...
TITS 👉 JACKED
400 mil eh? So do these notes allow the ability of Baby to be sold without having to pay back all the bonds at par first? I know the ABL was tied into it somehow as well.
Good news all around.
Imagine, AA‘s shithouse spiked to around 70 with nearly 5.5 bn debts in summer 21… now whos fudding with us, motherfuckers? We will literally exolode !
iCahn buying up all the bonds? Fake Jreeman is a mythical character made up by SHF.
Too tier shit here man/women!! Kudos
Curious timing to complete these bondholder agreements positioning for acquirement around the 2 year anniversary of the sneeze.
thorough DD
Icahn has a huge shot position on GME...
Link to fillings of this short position?
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀☀️