Sometimes the most revealing part of an investment thesis is not what an investor does when a stock is climbing, but how they respond when it takes a serious beating. That distinction is especially relevant in the case of Michael Burry and Build-A-Bear Workshop (BBW).
Burry purchased Build-A-Bear’s shares between Tuesday, Aug. 18, and Thursday, Aug. 20, just days before the company released its Q2 FY2026 results. The retailer, best known for letting customers create and customize stuffed animals, was already enduring a difficult year as the company faced softer sales, heavier promotion, and rising pressure from tariffs and occupancy costs.
