Bed Bath & Beyond announced plans to raise $1 billion and avoid bankruptcy. The plan ends a short squeeze that had pushed BBBY stock to $5.86 per share on Feb. 6.  The new stock gives shorts shares they can buy but returns the company to a fundamental valuation that may be zero.BBBY stock opened Feb. 7 at $3.11 per share, representing a market capitalization of $400 million.
The troubled home goods retailer believes it has co...