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Bed Bath and Beyond files for bankruptcy

nytimes.com

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Re: Bed Bath and Beyond files for bankruptcy

#81

Post by wincy »

Animats wrote: post #45
bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

I want to buy a mattress. Mattress review sites are all phony. Amazon is all phony reviews. Mattress FIRM is hugely overpriced. Bed, Bath, and Beyond's brands were just names they'd acquired. That entire industry has managed to shoot itself in the foot. Probably better to order from an actual manufacturer on Alibaba.

During the pandemic I bought a $500 mattress from Amazon but didn’t like it. So they just gave it to me for free and refunded my purchase. So now I’m sleeping on a free mattress that I don’t really like but it was free.

Re: Bed Bath and Beyond files for bankruptcy

#82

Post by malfist »

HDThoreaun wrote: post #77
itake wrote: post #64

Earlier quoted context omitted.

My understanding is buybacks are better than dividends for tax purposes, because with dividends you pay income tax and buy packs you pay capital gains.

Dividends pay the exact same tax rate as selling stock which is how you make money from buybacks. The difference is that buybacks allow you to take the income in the future and shift the tax burden timing. Both dividends and stock selling are normal income tax rate if you've held the stock for less than 6 months and capital gains rate if you've held for more.

Selling stock isn't entirely how you make money from buybacks.

Buybacks inflate the stock price, making what you're holding more valuable, even if you don't sell. More valuable assets are useful for all sorts of things, including leveraging them for other activities, or selling them for capital gains.

Re: Bed Bath and Beyond files for bankruptcy

#83

Post by menage »

cratermoon wrote: post #62
bombcar wrote: post #42

Earlier quoted context omitted.

You know those Prop 65 warnings you see on everything? It's the difference between a company sticking it on everything "just in case" and a company with the CancerTron-9000™ rebranding as "edible low-fat sweets" with that label on it. Every single filing with the SEC contains language that is basically 'holy shit we could go bankrupt tomorrow because billions of reasons' - that's different from "we know we're going d…

My favorite of the moment is 'gluten free'. Seen on things that physically cannot have gluten in them, unless it's contaminated somehow.

But cross-contamination in a shared production facility can happen fairly easily (and is important for folks who are sensitive to a few parts-per-million of gluten), hence why lots of packets have that warning in the small print. An obvious "gluten-free" label means that the producer is asserting that this cross-contamination hasn't occurred and you don't have to search the small print.

Re: Bed Bath and Beyond files for bankruptcy

#84

Post by dragontamer »

BaseballPhysics wrote: post #75
gizmo wrote: post #15

Earlier quoted context omitted.

Bed Bath followed the email scammer strategy of making their scam so obvious only the most financially illiterate people could fall for it. Hard to pull of, but once you've got an investor base that's willing to believe anything you can dilute them repeatedly and they'll still believe it's 5D chess.

Eh, frankly, I think that does a disservice to the people buying the stock. Were a bunch of people buying into the meme stock hype? Sure. Does that make them financially illiterate? Well, the folks who bought Hertz sure look pretty damn smart in hindsight even though at the time they were being described in similar ways, so... who's to say if they are illiterate or just have a different view of value and risk?

You can be right for the wrong reasons. You can be wrong for the right reasons. You can be right for the right reasons, you can be wrong for the wrong reasons.

The problem with being "right for the wrong reasons", is that your logic fails to apply to future situations.

The "wrong reasons" in this case, is the obvious ego-tickling / ha ha the other people were wrong that's obviously intrinsic to the gambling / meme stonk trading culture. I'm sure it feels good when you're right for the wrong reasons, but I don't think it leads to long term success. ("Royal You", not you in particular, if you don't mind).

But yes, it does feel good to be a contrarian and win due to dumb luck. But I'm not sure how many times "Hertz" situations will pop up in the future. I think this ego-tickling / contrarian mindset is at the root of this behavior, at least based on the discussions I have in my social circle / meme stock traders I'm aware of.

-----------

There's also "wrong for the right reasons", which is my preference in general. You generally want to be wrong today, if it means that your logic holds for most future cases.

Re: Bed Bath and Beyond files for bankruptcy

#85

Post by treeman79 »

cjohnson318 wrote: post #65
zackmorris wrote: post #38

I have no great love for BBB, but they saved me countless times when I was looking for last-minute gift ideas. The store closest to me was always packed, and prices were just enough higher than other stores that I figured they were making bank. As the #1 place people think of for just about anything domestic, I don't know how they could be mismanaged so badly that the whole chain goes under?! On the flip side, they r…

> 19 Kids and Counting I think the birthrate in the US has been falling consistently for years and years. After people have one kid, they realize how expensive childcare is, and usually don't have more than one more.

If one spouse stays home, it’s not much more to have multiple from a day to day perspective.

If you put in the effort to teach kids to manage age appropriate chores, the workload can be kept sane.

Re: Bed Bath and Beyond files for bankruptcy

#86

Post by garyfirestorm »

cratermoon wrote: post #62
bombcar wrote: post #42

Earlier quoted context omitted.

You know those Prop 65 warnings you see on everything? It's the difference between a company sticking it on everything "just in case" and a company with the CancerTron-9000™ rebranding as "edible low-fat sweets" with that label on it. Every single filing with the SEC contains language that is basically 'holy shit we could go bankrupt tomorrow because billions of reasons' - that's different from "we know we're going d…

My favorite of the moment is 'gluten free'. Seen on things that physically cannot have gluten in them, unless it's contaminated somehow.

Yes that’s because they could share same production lines where other products containing gluten could cross contaminate.

Re: Bed Bath and Beyond files for bankruptcy

#87

Post by HDThoreaun »

malfist wrote: post #82
HDThoreaun wrote: post #77

Earlier quoted context omitted.

Dividends pay the exact same tax rate as selling stock which is how you make money from buybacks. The difference is that buybacks allow you to take the income in the future and shift the tax burden timing. Both dividends and stock selling are normal income tax rate if you've held the stock for less than 6 months and capital gains rate if you've held for more.

Selling stock isn't entirely how you make money from buybacks. Buybacks inflate the stock price, making what you're holding more valuable, even if you don't sell. More valuable assets are useful for all sorts of things, including leveraging them for other activities, or selling them for capital gains.

Absolutely can get into all that, buybacks definitely are better for tax purposes, but saying "buybacks are taxed at capital gains rate and dividends are income tax rate" is not correct

Re: Bed Bath and Beyond files for bankruptcy

#88

Post by taeric »

malfist wrote: post #82
HDThoreaun wrote: post #77

Earlier quoted context omitted.

Dividends pay the exact same tax rate as selling stock which is how you make money from buybacks. The difference is that buybacks allow you to take the income in the future and shift the tax burden timing. Both dividends and stock selling are normal income tax rate if you've held the stock for less than 6 months and capital gains rate if you've held for more.

Selling stock isn't entirely how you make money from buybacks. Buybacks inflate the stock price, making what you're holding more valuable, even if you don't sell. More valuable assets are useful for all sorts of things, including leveraging them for other activities, or selling them for capital gains.

For stocks that don't pay dividends, the only way you can make money from them is by selling.

You are right that you can leverage them in all sorts of ways, but that isn't really what anyone means by making money. It is how you drown folks in leveraged debt that they can't pay back later, of course.

Re: Bed Bath and Beyond files for bankruptcy

#89

Post by jandrese »

BaseballPhysics wrote: post #75
gizmo wrote: post #15

Earlier quoted context omitted.

Bed Bath followed the email scammer strategy of making their scam so obvious only the most financially illiterate people could fall for it. Hard to pull of, but once you've got an investor base that's willing to believe anything you can dilute them repeatedly and they'll still believe it's 5D chess.

Eh, frankly, I think that does a disservice to the people buying the stock. Were a bunch of people buying into the meme stock hype? Sure. Does that make them financially illiterate? Well, the folks who bought Hertz sure look pretty damn smart in hindsight even though at the time they were being described in similar ways, so... who's to say if they are illiterate or just have a different view of value and risk?

Just because a risky behavior works out sometimes doesn't make it any less risky.

Re: Bed Bath and Beyond files for bankruptcy

#90

Post by jandrese »

Hasz wrote: post #46
bearjaws wrote: post #31

This is a huge loss IMO, buying kitchen supplies and bedding on Amazon is complete shit. Target isn't much better due to lack of variety and types of bedding. I've bought the same bed sheets for 5+ years, a few months ago I bought new ones since some bleach got spilt on one set, it comes in and I could tell immediately the quality was far worse. One wash later, its ripping & fraying. Thankfully I could return them. S…

IMO, Costco does a good job of balancing quality and price.

But terrible at offering selection. If you don't like the color, well, tough because that's the one they stock. Maybe if you're lucky they'll have a second color or style for sale.
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