The big loss here is Buy Buy Baby. They really had a nice market niche that they were filling but Bed Bath and Beyond wrecked it. Now I have no idea where you will go to see and buy nicer baby items in person.
Bed Bath and Beyond files for bankruptcy
251–260 of 336 posts
Re: Bed Bath and Beyond files for bankruptcy
#252Earlier quoted context omitted.
Everything has been fundamentally detached from reality, from stocks to housing. Houses can sit empty without tenants for years but they’ll only go up. Companies can be unprofitable for literal decades but they’ll keep finding funding and buyers. Commercial properties can bleed tenant but the prices will only be up. In a world of shrinking growth , stalling productivity, and dying demographics, the market behaves lik…
Is the market acting like infinite growth is baked in, or is inflation simply out of control? And I’m not talking about CPI over the last three years. Stocks have been insane over the last decade. Real estate has been insane over the last decade. Neither of which is measured by CPI. So yea… the market is pricing things like the Fed will keep printing money to prop up assets it explicitly ignores in its inflation calc…
Real estate and stocks are both inflated from the 2008 money printing. Why didn't the QE from the '08 crisis cause visible CPI inflation? The money went directly to billionaires and banks who bid up prices on assets that banks and billionaires enjoy: stocks, yachts, and real estate. The C-19 stimulus money went to the pockets of ordinary citizens, who then increased demand for products regular people spend money on, causing inflation readily captured by CPI.
Re: Bed Bath and Beyond files for bankruptcy
#253The big loss here is Buy Buy Baby. They really had a nice market niche that they were filling but Bed Bath and Beyond wrecked it. Now I have no idea where you will go to see and buy nicer baby items in person.
Nordstrom has a small selection of high-end baby stuff. There's also Pottery Barn Kids if you really hate your wallet.
Re: Bed Bath and Beyond files for bankruptcy
#254Earlier quoted context omitted.
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.
Consider the Foam Factory. We've bought a mattress and separately a foam topper from them and they've been great. You can tell they're legit because their products are listed in tables and because the styling on the website is completely out of fashion. https://www.thefoamfactory.com/mattress/memorymattress.html
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Re: Bed Bath and Beyond files for bankruptcy
#255Earlier quoted context omitted.
Does this mark an end for our society's principles? Are we do for a dark age? Are we in it or will there be an enlightenment or renaissance?
If anyone honestly feels this way, I invite them to read The Republic for Which It Stands [1] by Richard White which is about the post-Civil War era and the Gilded Age. Everything from the political division to the growing income inequality looked a lot like today - worse even! - and the author specifically points out the similarities throughout the book. This has all happened before, and it will all happen again. [1…
So say we all!
Re: Bed Bath and Beyond files for bankruptcy
#256Earlier quoted context omitted.
The whole stock market in 2023 makes no sense to me, not just Bed Bath and Beyond. So many companies no longer pay dividends. So many classes of stock are now non-voting shares. Common stock shareholders usually get nothing if a company goes bankrupt and liquidates. So if I don't get dividends, can't vote, and am not entitled to a share of the company's assets, what is the actual value in owning stock? Do I just wait…
When a company liquidates, bondholders are paid out before stockholders. This is to prevent moral hazard from companies going deep into debt and running off with the cash by liquidating the company.
This is not always true and depends on the structure and terms of the bond. For example in the credit suisse takeover several classes of bond were wiped out while some classes of shares were not.
Re: Bed Bath and Beyond files for bankruptcy
#257Earlier quoted context omitted.
The whole stock market in 2023 makes no sense to me, not just Bed Bath and Beyond. So many companies no longer pay dividends. So many classes of stock are now non-voting shares. Common stock shareholders usually get nothing if a company goes bankrupt and liquidates. So if I don't get dividends, can't vote, and am not entitled to a share of the company's assets, what is the actual value in owning stock? Do I just wait…
Everything has been fundamentally detached from reality, from stocks to housing. Houses can sit empty without tenants for years but they’ll only go up. Companies can be unprofitable for literal decades but they’ll keep finding funding and buyers. Commercial properties can bleed tenant but the prices will only be up. In a world of shrinking growth , stalling productivity, and dying demographics, the market behaves lik…
The market is acting very rationally. If you print trillions of dollars out of thin air every year, there is more money and more demand. So everything else goes up in price.
Everything still costs the same relative to the amount of US dollars that exist. Wages just aren't keeping up with printing press.
Re: Bed Bath and Beyond files for bankruptcy
#258Re: Bed Bath and Beyond files for bankruptcy
#259I find the whole situation fascinating. Bed Bath continued to sell hundreds of millions of shares while they were preparing for bankruptcy and retail investors (or meme stock investors) continued to buy them. I assume Bed Bath did all the paperwork that is necessary (like calling out risks, that the raised capital will go to creditors first, etc) for such a stock sale. But it is clear they were doing it out of bad-fa…
The whole stock market in 2023 makes no sense to me, not just Bed Bath and Beyond. So many companies no longer pay dividends. So many classes of stock are now non-voting shares. Common stock shareholders usually get nothing if a company goes bankrupt and liquidates. So if I don't get dividends, can't vote, and am not entitled to a share of the company's assets, what is the actual value in owning stock? Do I just wait…
The "non-voting shares" thing is just SUPER bananas to me. Like, you could hold a billion dollars of META shares and have no vote. In what sense is that "ownership?" Why do people go along with it?
>So if I don't get dividends, can't vote, and am not entitled to a share of the company's assets, what is the actual value in owning stock?
EXACTLY.
Re: Bed Bath and Beyond files for bankruptcy
#260Earlier quoted context omitted.
Why would an empty house not go up in value? If anything, if its unused, it'll likely require less upkeep/repairs.
Abandonded houses are often stripped of copper, etc and have squatters, vandals, problems from not being maintained or lived in...
These are usually gated areas where it's mostly huge model homes and they since few live there, outsiders would be be obvious.