$BBBY is currently preparing for insolvency.
Not so long ago, Bed, Bath & Beyond was the target of speculators.
Now it is in talks with advisors and lenders about a possible bankruptcy filing. (1)
Actually, they wanted to raise $300 million from capital investors, but then failed.
Most recently, sales were down 33%, while gross margins were down 22.8%.
There were fears for insolvency as early as January. (2)
I assume that insolvency is coming and the company will be broken up. The locations and brands are supposedly not bad, but the cost pressure in the company is immense. The current economic situation does the rest.
