“Bust Out 1” seems basically OK to me. Everyone hates stock buybacks, but they’re economically very similar to dividends, and seem like a reasonable way for a fading company to return cash to shareholders. Could BBB have survived if they spent $4B on a new initiative instead of returning it to shareholders? I doubt it.
“Bust Out 3” seems pretty sleazy, selling stock in a failed company to retail investors. But hey, that’s what they said about Hertz, so maybe there’s some universe where this could have worked out OK?
I agree “Bust Out 2” was just a scam. Ryan Cohen is a grifter.
“Bust Out 3” seems pretty sleazy, selling stock in a failed company to retail investors. But hey, that’s what they said about Hertz, so maybe there’s some universe where this could have worked out OK?
I agree “Bust Out 2” was just a scam. Ryan Cohen is a grifter.