Bed Bath & Beyond’s Stock-Sale Deluge Lures Retail Investors

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Bed Bath & Beyond’s Stock-Sale Deluge Lures Retail Investors

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Bed Bath & Beyond’s Stock-Sale Deluge Lures Retail Investors – WSJ

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The distressed home-goods chain has been flooding the market with new shares that it says will likely be worthless if it files for bankruptcy

Bed Bath & Beyond has warned it could file for bankruptcy if it doesn’t raise at least $300 million from selling new shares.

Photo: Scott Olson/Getty Images Updated April 11, 2023 5:10 pm ET

Kais Maalej, a 49-year-old Uber driver and amateur investor active on social media, is a proponent of the theory on Reddit forums that distressed retailer Bed Bath & Beyond Inc. will soon be acquired by a holding company associated with billionaire Ryan Cohen.

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