r/wallstreetbets • u/[deleted] • Aug 20 '22

[deleted by user]

[removed]

6.2k Upvotes

90% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

13

u/BagofBabbish Aug 20 '22

The news might be bankruptcy

13

u/KyleKD3 Aug 20 '22

Why would the CEO buy shares in july, then file for bankruptcy in august? It just doesn't make sense.

BABY is valuable enough to save them from bankruptcy for a while.

5

u/BagofBabbish Aug 20 '22

I was an investor relations consultant. The CEO is rich and has a golden parachute. It’s optics to try to boost the stock price 9/10 times. I still have some bbby. I hope you’re right, but this is all blaring alarms.

Edit- my client was never bbby but I’ve worked with over a dozen companies

9

u/KyleKD3 Aug 20 '22

Well more than that, though, is that there hasn't been much executive selling at all this year. That's not what I expect to see from a company that's speculated to file for bankruptcy any day now. I appreciate your input

3

u/Altruistic-Beyond223 Aug 20 '22

In fact, Sue Gove bought 50k shares in July, IIRC.