system
A chat on subreddit /r/wallstreetbets
human
Someone tell me why these lunatics wouldn’t just sell baby?
gpt
As in the CEO et al? They can't, at least not in the way that the BBBY memers want. Any sale would have to be approved by creditors, so the whole "just spin off the company to be debt free" trick doesn't work. Once BBBY files for bankruptcy, their assets (incl. the Baby brand) will be sold off as part of the bankruptcy process. Anyone seriously interested in buying it is just going to wait for that rather than jump the gun and rush a deal through before they go under. Current shareholders won't get anything unless they manage to recoup enough value in the liquidation to make creditors whole and have extra. But Baby just isn't worth that much as a brand.