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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

#71

Post by bb123 »

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.

Ikea is a good option in this market. And generally for household basics.

Re: Bed Bath and Beyond files for bankruptcy

#72

Post by justinpombrio »

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.

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

Re: Bed Bath and Beyond files for bankruptcy

#73

Post by Animats »

pseg134 wrote: post #58
Animats wrote: post #45

Earlier 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.

The only place to get a new mattress these days and not get ripped off is Costco

They're still 5x more expensive than Alibaba. Which is where most mail order mattresses come from. Making a mattress costs under $100.

Re: Bed Bath and Beyond files for bankruptcy

#74

Post by pavon »

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 greatly preferred JC Penny Home Store as it had better prices than BBB but better selection than general stores like Target/Walmart (and I often liked the bedding/curtain patterns they carried better). Unfortunately their financial troubles caused them to consolidate the Home Store into their main stores, and the selection is now no better than those later options, and I've thus been going to BBB more often.

I hope this is a restructuring and not a shutdown. It will be crummy for there to be no stores filling the gap between Target and William Sonoma.

Re: Bed Bath and Beyond files for bankruptcy

#75

Post by BaseballPhysics »

gizmo wrote: post #15
humanlion87 wrote: post #8

I 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…

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?

Re: Bed Bath and Beyond files for bankruptcy

#76

Post by [deleted] »

fullshark wrote: post #21
humanlion87 wrote: post #8

I 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…

What was the premise behind buying a stock for a company headed for bankruptcy?

[deleted]

Re: Bed Bath and Beyond files for bankruptcy

#77

Post by HDThoreaun »

itake wrote: post #64
neurobama wrote: post #52

Earlier 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…

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.

Re: Bed Bath and Beyond files for bankruptcy

#79

Post by hef19898 »

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.

It started with vegan and then lactose free. But hey, free marketing for a ton products, right?

Re: Bed Bath and Beyond files for bankruptcy

#80

Post by treeman79 »

goostavos wrote: post #55
Animats wrote: post #45

Earlier 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.

Also, FYI, with mattress firm, your warranty is null and void if you ever spill anything on your bed. I bought a mattress from them and within a year, in the literal use of the term, came apart at the seams. One night I woke up and my elbow was... in the bed rubbing against a spring. I assumed such a structural failing would be under warranty, but they rejected it because of a roughly 2" stain on the mattress. Appare…

Small claims court.
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