According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, [...]
This morning Alibaba (BABA) announced that they are playing musical chairs with the leadership group, as existing members within the company are swapping roles. All of this comes as the company works towards its restructuring goal of splitting the businesses into 6 distinct groups. Long-standing CEO and chairman Daniel Zhang is going to transition [...]
Alibaba (BABA) reported earnings for the first time since the company split into six separate units - and the first time since China’s full reopening. While this report was highly anticipated by shareholders and prospective investors alike, it fell short of expectations. The company grew revenue by a modest 2% year over year to [...]
Welcome to part 4 of our 7-part series analyzing Michael Burry’s latest additions to Scion Asset Management. We’ve already unpacked BKI, COHR, and BABA - three stocks that make up 41% of the portfolio. But today, we’re going to determine whether you should fade or follow Burry’s decision to take a long position in [...]
Boxed - an e-commerce retailer specializing in bulk pantry products - announced today that they are exploring strategic alternatives. Usually, this means the company is looking to be sold and acquired. But, the company continues to look into fundraising initiatives as well. The goal is to announce additional funding in the next 45 days. [...]
