So this db buys a ton of stock, demands changes like booting the CEO, adding seats to the board and in the blink of an eye sells all of his shares and makes a ton of money while the ship is slowly sinking. RC doesn’t care about anything except getting richer. Nice job as----e now a bunch of people will be without jobs. Maybe you can lend them some cash to buy groceries.
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"more weirder?'. Tsk tsk tsk
He is an INVESTOR..that is what he does
Our CFO dumped some just in time to make a cool 1.4 million. Shocked the rest of the C suite was not dumping the $5 shares they bought. However, if they were smart we might not be going out of business.
“Why did u wreck this company?…
Because it was wreckable “
That sadly is in the end of this tale we all know quite well
And yes luv or hate…well played Mr Cohen
Uhhhh. He's BEEN a billionaire for years, so not a "millionaire once again".
He brought at $15 hoping for more. The stock fell to $5. He has a following more weirder than Elon Musk and demanded his minions to rise the stock. Once they did where he’d be profitable again…he ditched it.
These greedy corrupt investors NEVER lose money. Only the stupid people who try to follow them.
Buyer Beware as the saying goes
Sounds like you were expecting RC to be your savior riding in on a white horse. Why? He's in the business of making money. We don't know what he was thinking when he bought into the stock. He probably had every intention to try to turn things around. But it's possible that after some time, he realized that the business is too far down the wrong path and he decided that it was better to pull out and wash his hands of BBBY and make some money. Makes sense to me.
Stop holding on to hope that things will change for the better. It's damn near over. Do yourself a favor and look out for what's best for you. Even if BBBY pulls through miraculously, they still don't pay you enough and certainly don't care about you.
To the second poster in this. RC bought a lot of shares back in Jan.. not sure what the stock price was then but it didn’t drop to $4 until after MT was ousted. And of course he bought more. If you want to call it smart ok but getting the new CEO ousted then buying up shares then selling for a quick buck sounds a little scummbaggish to me. Look at his history also did it with another company…
what a joke that post was op needs to read a business lesson,,,,, he bought the stock at 4 BUCKS A SHARE That is SMART BUSINESS!