BBBY CFO Suicide

Very sad.

The 988 Suicide & Crisis Lifeline (formerly known as the National Suicide Prevention Lifeline) is a United States-based suicide prevention network of over 160 crisis centers that provides 24/7 service via a toll-free hotline with the number 9-8-8.

 

Great for posting the crisis hotlines. It's pretty disgusting how quickly Forbes and several other publications just leapt right to churning out slam pieces on BBBY relating to the CFO. Something feels weird about this whole thing but I am not sure what.

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 
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The insider trading suit is such a blatant sham and will go absolutely nowhere. From what I understand, the numbers they cite for the gains made by Ryan Cohen are incorrect and they neglect to mention that as part of the insider seller rule a big chunk of them actually go directly to BBBY. The insider trading claim against the CFO is stupid because he only sold a puny portion of his own shares during the run-up last month as part of a trade which had been registered months in advance due to his position, maybe if he'd sold out entirely they'd have a case. Look up the reviews of of the law firm involved, they've filed multiple frivolous suits for companies that were going through financial difficulties and being targeted by seemingly coordinated media campaigns (and potentially shorting activity). Multiple publishers over the weekend were auto-generating articles on how BBBY is a dead company thanks to this latest development so fast that they didn't even bother to check that their bots had the right ticker (some mentioned Best Buy instead). Something stinks.

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

I don’t know what he did or didn’t do, but he made a permanent decision to a temporary problem.

Worst yet is how the news and comments are coming. CNBC said the stock took a dive after his demise. Like really!?

 

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