Here’s an interesting twist on the ongoing Bed Bath & Beyond saga. BlackRock, the ginormous investment firm, has doubled down its stake in the retailer and now owns nearly 12% of its shares. BBB has always been an institutional investor play and there are two other big money boys with their hands in the pie, but BlackRock is the biggest dog in this game so this is big news. Do they want more? Do they want to take it private? Or do they want to just sit tight and watch their investment grow as the stock prices does the same?
I’d be Stupid to hazard a guess.
But here’s more information from my new Forbes.com post: https://www.forbes.com/sites/warrenshoulberg/2020/02/04/blackrock-increases-bed-bath–beyond-stake-to-118/#5d43fd94aa44