Tag: liquidation
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Why investors gamble on shares of bankrupt companies — Bed Bath & Beyond, for example
[ad_1] The recent movement in Bed Bath & Beyond Inc.’s stock has shone a spotlight on the attraction that bankrupt companies hold for some investors. Bed Bath & Beyond’s shares BBBYQ, -8.01% have risen 30.7% in the last month, outpacing the S&P 500’s SPX, -0.29% gain of 2.9%, despite the bankrupt home-goods retailer’s well-documented woes.…
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Bed Bath & Beyond: from home-goods behemoth to bankruptcy
[ad_1] It’s the end of the road for Bed Bath & Beyond Inc., a company that was once a shining star of U.S. retail. The troubled home-goods retailer BBBY filed for chapter 11 on Sunday, after spending several months teetering on the brink of bankruptcy. The company said it aims to achieve an orderly wind…