Bed Bath & Beyond (OTCMKTS:BBBYQ) Stock Is Trending On Social Media

Bed Bath & Beyond’s (OTCMKTS:BBBYQ) stock is trending on social media, and it may have to do with the bankrupt retailer’s former executive chair. The stock is slated to be deleted from the over-the-counter market by the end of this week, but investors are still interested in its future. One expert has warned that volatility is likely to continue until the company’s liquidation is complete.

How To Buy BBBYQ Shares

Since Bed Bath & Beyond’s bankruptcy and delisting from the Nasdaq, bbbyq stock has been trading on an over-the-counter exchange. But it’s slated to be deleted by the end of this week, leaving investors with one last chance to cash in on this meme stock. To buy BBBYQ shares, simply sign up for a free account with a stock-trading platform. Once you’ve created an account, search for the stock on your platform and place a market or limit order with your preferred price.

Keep in mind that if the DTCC deletes this stock from the system, your existing position may be deemed worthless and will be removed from your Cash App Investing account. If this happens, you’ll receive notification via email from the DTCC.

What Is BBBYQ?

The end is in sight for anyone holding shares of Bed Bath & Beyond (OTCMKTS:BBBYQ). By this Saturday, the company’s stock will be deleted from the exchange, and the brand will cease to exist. In its place, Overstock (NASDAQ:OSTK) has obtained the right to continue using the name, and one expert advises that investors should expect volatility until the end of trading tomorrow.

The struggling omnichannel retailer of domestic merchandise and baby products filed for Chapter 11 bankruptcy protection on April 23. It later decided to sell its assets, including 360 namesake stores and 120 Buy Buy Baby locations, to OSTK in a process that could see the two brands disappear from storefronts altogether. Despite interest from a few potential buyers, such as online registry platform Babylist and retail investment firm Go Global, the auction ended with little resembling a windfall for shareholders. In fact, with significant debt and lease obligations still weighing it down, BBBYQ has more liabilities than assets to offer to any prospective buyer.

How Much Is BBBYQ Worth?

BBBYQ stock has continued to slide in recent weeks as the firm’s bankruptcy fallout continues. The company was unable to reach an agreement with its creditors and has been forced to liquidate its stores. This leaves shareholders with little to no payout as management oversees the company’s liquidation. The following table presents BED BATH & BEYOND’s net worth in 2022 as compared to GDP (Gross Domestic Product) for various countries. This provides a streamlined structure for understanding the company’s value and helps inform investment decisions.

Is BBBYQ A Good Investment?

BBBYQ shares have been extremely volatile since the company’s possible bankruptcy came to light, but that doesn’t mean it’s a good investment. In fact, it might be a better idea to avoid the stock altogether. The omnichannel retailer has a bleak outlook for the future, thanks to its recurring losses and negative cash flows. Furthermore, its balance sheet is riddled with debt and long-term loans. As a result, the company’s current business model is not sustainable and will likely lead to a liquidation. As such, investors who purchase BBBYQ shares will be left with no value whatsoever. That’s why it’s important to always look at a company’s financials and other metrics before making an investment decision.

BBBYQ’s financials are so grim that it may be difficult to find a buyer for its assets. The company’s balance sheet shows it has $4.4 billion in assets compared to an even more alarming $5.2 billion in liabilities. The company’s cash flow is also negative, with a trailing 12-month free cash flow of -$1.05 billion. That’s why it’s important for investors to understand a company’s business model before buying its shares. That way, they can make an informed decision about whether or not it’s a good investment.

If you’re considering investing in BBBYQ, you should know that the stock is slated to be deleted at the end of this week. That means that if you buy shares now, they will be worthless once the company is liquidated.

Conclusion

Regardless, it’s still worth watching the company’s earnings report next week. Investors are usually looking for a company that can beat expectations when it reports earnings, and BBBYQ’s recent positive earnings estimate revision activity suggests that it might do just that. If you’re interested in watching BBBYQ’s earnings report, you can do so by clicking here. Earnings are scheduled for Thursday, September 13.