Here's Thursday's AAII taking the pessimistic view:
AAII Investor Update:
Thursday, April 13, 2023 |
Dear Member, |
Yesterday, The Wall Street Journal discussed the high volume of trading incurring in Bed Bath & Beyond Inc. (BBBY). The newspaper attributed the activity to “retail investors' interest” in the beleaguered retailer. Bed Bath & Beyond is one of the so-called meme stocks, so it is possible these meme investors are staying active in the stock. This said, Bed Bath & Beyond was not listed among the most mentioned stocks in Reddit's Wall Street Bets forum yesterday. At the same time, Tupperware Brands Corp. (TUP) finds itself in hot water with its creditors. In a press release issued last week, Tupperware Brands concluded that there is “substantial doubt about its ability to continue as a going concern.” |
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Since April is Financial Capability Month, let's talk about warning signs of financial distress and bankruptcy. |
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