This week we've seen two executives that have acted in ways that seem completely irrational and frankly a little bizarre, however with a little understanding it actually might make a lot sense.
What would you do if you were sitting on a fortune in stock that you had a strong reason to believe could be almost worthless in 6 months, if you only had some way to force someone to buy that stock from you at todays price so that you could invest in something durable? You worked your entire life and want to provide yourself and family a comfortable retirement. What would you do?
Hy-Vee is a private company the executives wealth are primarily held in private stock which has restrictions on how it be sold.
If you've been paying attention you might have seen the phrase 'food crisis' appear in the news, there are several factors at play that have the potential to make food itself be the next covid as in something that totally wrecks your perception of what life is and should be, food is something that is life giving but also it's absence has historically been used as a we---n of war and to force submission in an difficult populace.
It's possible that by this fall we could see grocery stores on life support, worst case scenario is some type of federally controlled food rationing, grocery stores operate on razor thin margins already, if most of their customers are using ebt or food rations it's basically impossible to make money with them.
In summary, it's possible we've got a couple of guys that are clowning and trying to force a buy-out of their stock so that they can get their assets into a safer vehicle like an underground bunker in the desert.
No one can really know for sure what is happening but it does provide at least some substrate that a cogent theory can be attached to.