On: The United States of Bed Bath & Beyond

[jmye]

Interesting and unsurprising to read about Cohen’s role, and the intent to take advantage of the low-information meme investors.

Weird to read how far some folks will go to defend Cohen, though - it reads like a sort of cognitive dissonance.

[dirtwolf22 → jmye]

'low-information meme investors'. Unfortunately, true for many. Would be great if the CFTC would revert the financial reporting requirements for bank swap dealers (https://www.cftc.gov/PressRoom/PressReleases/8746-23). Specifically: https://www.law.cornell.edu/cfr/text/17/23.105

As for 'defend Cohen', He wrote a letter to the board specifically calling out the company’s executive compensation structure as noted in the article. They ignored him. He held through a 50% loss then when finally profitable filed his paperwork to sell. Any informed investor looking at the fundamentals would know the risk of this vs just reacting to noise on social media.

[_teyd → jmye]

Nobody wants to believe they've been made a fool