Bed Bath & Beyond, about to go to sleep. The famous chain of products that we all know and like because we have everything we need to get home, is in crisis.
Yes, this company from the United States is recognized worldwide for the good quality of its products.
However, this was not the reason why it is in all the news today. It turns out that despite being so well-known and most of them loving its products, the company is about to go bankrupt.
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Yes, just like that. They had some time trying to prevent this from happening, and one of their most desperate measures was to sell part of their shares, which resulted in more than 1,000 million dollars being raised. But, apparently, that wasn't enough.
The expert analysts on Wall Street said that this was a desperate measure that would not take more than 3 months to maintain, and that the inevitable was yet to come.
The economic situation at a global level is affecting large companies and small businesses, but this is not the case, and a very good strategy is needed to be able to maintain the fleet.
Las Actions
Given this analysis and the current situation of the company, its shares fell to a 40% this week, total madness, because last week its shares went up to a 92%.
This is rising and falling, due to the fact that the great activist and investor Ryan C. has bought a part of the company and has been pressured to achieve positive changes in it, leading to the shares being worth more than 30 $ dollars. But when he decided to sell them, everything fell apart.
What is happening?
The company Bed Bath & Beyond has a debt of more than 1,000 thousand million dollars, and that, together with the losses of the last year, has been the company's biggest break.
The company is doing everything it can to avoid bankruptcy, but there seems to be no other way. Precisely, they were in a presentation that they acknowledged that they had received several notices of non-compliance with payments from the JPMorgan bank, and declared that they did not have the funds to pay their loans.
Let's hope that soon we will see the company reborn, however, we will continue to do so.
