Michael Burry Is 'Out' If GameStop Buys 'Any Version' of Bed Bath & Beyond

3 weeks ago 18

Michael Burry took to societal media connected Tuesday to laic retired a caveat connected his GameStop Corp. (NYSE:GME) holdings—if CEO Ryan Cohen decides to bargain immoderate information of struggling retailer Bed Bath & Beyond (NYSE:BBBY), Burry would merchantability his shares.

Burry was abbreviated and to the constituent erstwhile expressing his view:

"If Ryan has GME bargain immoderate mentation of BBBY, I americium out," helium said connected X.

If Ryan has $GME bargain immoderate mentation of BBBY, I americium out.

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Hours later, Bed Bath & Beyond CEO Marcus Lemonis responded to Burry's jab.

"Good quality @michaeljburry We wouldn't bash it. I bash nevertheless person a important magnitude of respect for you and your perspective," Lemonis said successful a station connected X.

Good quality @michaeljburry We wouldn't bash it. I bash nevertheless person a important magnitude of respect for you and your perspective. https://t.co/bVqvqn8qBn

In January, Burry disclosed that helium was accumulating GameStop shares and likened Cohen’s strategy to Warren Buffett‘s aboriginal Berkshire Hathaway playbook.

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Cohen besides scooped up 1 cardinal shares successful January astatine astir $21 apiece, lifting his holdings to astir 42.1 cardinal shares, oregon astir 9.3% of the company.

Then, successful a precocious January interview, Cohen told The Wall Street Journal helium wants to crook GameStop into a $100 billion-plus conglomerate via a “big” acquisition of a nationalist user oregon retail company. He warned the stake could beryllium “genius oregon totally, wholly foolish.”

Photo: Stefano Chiacchiarini ’74 / Shutterstock

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