I suppose it's a fun curiosity to hear the detail of somone's speculation, but it shouldn't be taken for much and it shouldn't be a surprise that there is some. There always is.
People aren't "speculating". WeWork has said outright that is exactly what they're doing, and that is the entire purpose of Chapter 11 bankruptcy, to allow a company to shed some debt, and in return equity holders lose everything and some debt holders take stakes in the reorganized company.
It's almost entirely false if you're talking about a business that's turning a profit, especially over years or (better) decades.
Also, there's an obvious difference between day trading and long-term investing.
Bagholders never lose hope. Even if "We" comes out ahead, the equity holders will be wiped out.
Sometimes now is the right time to move in ... but I'm typing this from an apartment so don't listen to me.
Doesn’t mean they’ll be successful of course.
Oh, and you keep personal ownership of 'We' as a trademark, so they have to lease that too.
And then, when it all starts to crumble, walk away with a multi-hundred-million dollar exit package.
I can't imagine how this guy still walks free and isn't being sued into the ground by investors.
edit: Also, given that startup investments are way down right now, tech is in a recession and there are recessionary tail winds this is a great way to get out of leases to downsize to a smaller footprint. Either way I don't have their stock or any ties to them and all of this could be wrong, but it is an interesting theory.