3. No, GME is not acquiring BBBY. And I believe that's a good thing.

No, GME is not acquiring BBBY. And I believe that's a good thing.

Acquiring bath stock would probably suck. That’s a lot of debt to take on. It also waters down any MOASS discussions until the dust settles. Could add another year to this whole clusterfuck.

I always interpreted it as serving multiple purposes. Taking a stake hurt the hedges trying to bankrupt bath stock. It also gave Cohen a logical excuse to discuss the overall stock fuckery in abstract terms that he would have been unable to in his current role as chairman. It might have given him some insider insight into the NuyBuyBaby status. Plus allowed him to communicate future intentions of a merger directly with their board. Paving the way for a smooth purchase of the BuyBuy baby brand.

In the end, he made money on the trade. bbby

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