Who is Jake Freeman?

Who is Jake Freeman and how did he do it? An applied mathematics and economics major at the University of Southern California, Freeman bought more than 5 million shares in Bed Bath & Beyond in July.

Does Jake Freeman own Bed Bath & Beyond?

Jake Freeman, who is studying applied mathematics and economics at the University of Southern California, bought 5 million shares in Bed Bath & Beyond in July at just under $5.50 a share. He owned around 6% of the company as a result of his investment. On Tuesday, the stock price soared to more than $27 a share.

How did Freeman advise Bed Bath & Beyond?

Freeman advised Bed Bath & Beyond to cut its debt and raise more capital through a convertible loan issuance, without providing a plan to turn around the company’s declining cash flow or injecting capital.

Why did John Freeman cash out BBBY?

Freeman reflected on his short-lived bet in a Reddit post titled "An Ode to BBBY" on Wednesday. He explained a sharp rise in the retailer's stock price, and the fact he was leaving for school the next day, spurred his decision to cash out.