Desperate times call for desperate measures

[The beef 675] [I'm an image] “Hide yo kids, hide yo wife.” - Jason, regarding Bed Bath and Beyond’s savage new CEO [Read The Beef Online - Click Here]( Hey there carnivores, Markets rose on Monday despite the uncertainty in the Middle East. And today we’re diving deep on Bed Bath and Beyond’s latest shakeup. Keep raging, Jeff & Jason [Image] [I'm an image] Desperate times call for desperate measures Bed Bath and Beyond CEO Mark Tritton: *Attends Eddie Lampert's Retail Real Estate Seminar* Also Mark Tritton: "Hold my beer." Bed Bath and Beyond [announced a deal]( yesterday to sell roughly half of its real estate portfolio (approximately 2.1M sq. ft.) to private equity firm Oak Street Real Estate Capital for an expected $250M. If you listen closely, you can hear Taylor Swift complaining about PE. The company will lease back a portion of its 1.5k retail outlets that include Buy Buy Baby and Harmon drugstores. See: Eddie Lampert's playbook. The move will give BBB the capital it seeks to revitalize its business under the leadership of its new CEO Mark Tritton who is the hero Bed Bath and Beyond needs... not the one it deserves. On the Mark If you need to know one thing about Mark Tritton, it’s that this guy fuchs. This is Tritton’s [second big move]( since becoming CEO of the preferred brick and mortar outlet for everything from meat thermometers to scented candles after he fired six executives just before the holidays like an absolute savage. It appears that following his successful stint as Chief Merchant at Target, the board of BBB has given him free rein to shoot first and ask questions later. The sale and leaseback strategy has become common among struggling retailers. Sears (which still went bankrupt) and Macy’s (only for select stores) have tried to leverage their real estate portfolio for cash. Of course, the downside to the move is that some of that capital is locked up in long-term leases and this is a hand you only get to play once. The bottom line... The new capital is expected to be used to pay off debt, buy back shares, and kick off other operational initiatives (read: hiring a bankruptcy advisor). Whether or not that is enough to turn the company around remains to be seen. News of the deal [sent BBB’s shares up]( as much as 5% on the day before closing up 3%. The stock has risen nearly 40% over the last 12 months. [I'm an image] Cancel your lunch plans... Two-for-one anytizers at Applebees will be around next week, kemosabe … But Jeff William’s Profit Prism event is going down [TODAY at 2 PM EST](. What’s better, microwaved fajitas… or learning how to identify tomorrow’s biggest market movers TODAY? That’s what I thought. [RESERVE MY SPOT]( [I'm an image] ☑️ Par for the course. Topgolf is doing its best Happy Gilmore impression when it comes to its looming IPO. The driving range on steroids has secured banks to help take it public at a [valuation of close to $4B](. Morgan Stanley, JPMorgan, and Bank of America will caddy Topgolf’s debut on the public links. It's a sh*tty day to be one of those "cool" bowling alleys. ☑️ Alexa, start my Lambo. Amazon [announced]( that Lamborghini and electric car startup Rivian will be next on its list of partners that integrate Alexa. Lamborghini’s $200k Huracan Evo and both Rivian’s R1S, and R1T (the Tesla Cybertruck killer) will come fully-equipped with the new copilot starting this year. Nothing screams "I am overcompensating" quite like ordering Dom Perignon via Alexa in your Lambo. ☑️ Paying it forward. American Airlines worked out a deal with Boeing to get compensated for lost revenue due to the grounding of Boeing’s 737 Max. The 737 Max hasn’t been cleared for takeoff in more than 10 months following two crashes in late 2018. Boeing will be paying AA [$30M dollars](, which AA said will go into the employee profit-sharing program. The sum will payout to employees in March, and there is a chance that payments could continue, considering AA is still missing out on revenue. *AA employees pray more planes go all 'Lost'* ☑️ Got milk? Elsie the Borden Dairy Cow has been milking it for more than 163 years, but [on Sunday,]( Borden Dairy, her owner, filed for bankruptcy. The company owes more than $225.8M in secured loans and owes a pension fund a settlement of $33.2M. According to the firm, falling milk consumption, an uptick on raw milk costs, climbing freight costs... and those f*cking millennials and their almond milk... were cited as reasons for the Chapter 11 filing. ☑️ Set ‘em up to knock ‘em down. Xerox is claiming it’s secured funding for its takeover offer of HP. Citigroup, Mizuho, and Bank of America have agreed to pony [up $24B]( to help Xerox make its move. Xerox already tried to buy HP once in a cash-and-stock deal, but it was rejected by HP. Xerox claims that by combining firms, the companies could save more than $2B dollars. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](