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.
Since I am @jamo1966 has nominated me for the #bestworst challenge, I now have to follow suit and make my posts.
My best investment apart from everything was of course my Audi R8 - simply because of the driving fun (ROI > 1000%).
In terms of stocks, the following were my best investments:
best:
Bought in Corona before the big hype was $GME (-3,69%) definitely by far my best investment. Whopping 2.796,71% I have to date 🚀
worst:
Recently I wanted to take the next train towards Renditetown with $BBBY but that has not yet really departed. Until today, unfortunately, 25.05% loss. Let's see what still comes.
Since I was nominated I now also nominate two. Once @Andreas1991 and the other @Anna11
I thank you for the nomination 😅 Yes so I would see the Audi R8 as an investment only if the Ironman suit is in the trunk🤣. No is a nice car I have never dealt with meme shares but find Clover Health quite interesting. But whether it's what will🤷
Evening all @markusnowak Was wondering what my best v.s. worst investing was, so I thought I'd share.
Worst:
$VOW3 (+0,12%) Volkswagen: I got into VW at 179 and managed to get out at 230. I then had them on the watchlist until 175 and then invested. At the moment I have a total performance of -25%. Learning - "Never catch a falling knife
Best:
$XPEV (-2,82%) Xpeng: In Summer 2021, Tesla had super gains and I thought to myself, what else is there. Then I came to Xpeng where I sold with 63%.
I still hope for a 100% return, but may it also be safe to be, let's see what happens the next few years so.
What about you @oliverplass ? Do you have other investments besides bitcoin? And with you @_Gonzo $BBBY?
I feel like early 2021 when Gamestop went through the roof because of the Wallstreetbets crazies. If you look at Reddit, it's at least the same. Crazy what is currently going on there 🤯🚀
