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doctorpot1 commented on a stock · Sep 29, 2022 19:50

BBBY loss widened but they now have $850m in liquidity and expect to breakeven by end 2022

$Bed Bath & Beyond Inc (BBBY.US)$ net loss was $366.2 million, or $4.59 per share, for Q2.
Bed Bath said its current liquidity is $850 million, following agreements for more than $500 million in new financing, and they sold 3 million shares raising $30 million, to buy more time to steady the ship. However, they burned through $325 million in this quarter.
Even despite all odds, Bed Bath expects to breakeven in terms of cash flow by the end of 2022. Can BBBY turn this around like how other meme stock did?
BBBY loss widened but they now have $850m in liquidity and expect to breakeven by end 2022
BBBY loss widened but they now have $850m in liquidity and expect to breakeven by end 2022
BBBY loss widened but they now have $850m in liquidity and expect to breakeven by end 2022
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doctorpot1
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crawled out of poverty, working towards FIRE!! (financial independence, retired early)
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