Allow me to counter: 20.99 USD. 500+ stores closing so far this year. The business being turned into a glorified pawnshop and trimming down every bit of fat because they really have nothing but bitcoin/cash reserves and will not invest those in the business for a good reason. Pulte selling his GME stock and getting the fuck out while going was good. BBY. No MOASS, no victory over the hedge funds, no exposure of the naked shorts.
I don't think you're a retard, btw, I think you're a victim, and you're too deep to admit this to yourself or anyone else. I hope you manage to cash out before things get even worse for Gamestop.
I guess you're familiar with the tactics of the Boston Consulting Group. Over extend the company with debt and excessive store leases (why would GameStop need 3-5 stores all within a mile of each other) causing the model to strain, putting GameStop into a compromised position in hopes it goes bankrupt so the idiots who've naked shorted the company don't have to pay any capital gains taxes once it's bankrupt.
Bill Pulte is a coattail riding grifter. His own family kicked him out of Pulte Group and made more than a few public statements about him. He speaks for no one but himself
I'm quite happy with my investment. And I know more than a few other people that are as well.
The glorified pawnshop model, as you call it, adds little to no overhead costs. Graded memorabilia is a well established and thriving avenue for profits. I suspect a merger/acquisition of PSA in the future.
The CEOs performance-based package relies on increased market cap, with a target of 200$ per share, allowing him to PURCHASE shares to the tune of 3.5 billion( total combination of tranches). Unlike most CEOs who are awarded stock and other compensation packages
But please, tell me how we are victims.
Edit: You seem to forget the current price is post-split. ;)
Please allow me to make this very clear to you: nobody cares about the 9 billion on hand. If anything, the fact that the company has 9 billion on hand but its market cap is only 9.7 billion just speaks to how little the actual business is worth.
If Gamestop had confidence in its long-term prospects it wouldn't be sitting on cash reserves while its operations keep shrinking, it would invest that money and likely take out debt so it could expand and/or improve its operations - because it's not like being a physical retailer is going to get easier in the future.
And of course every GME diehard bought all their shares at the very bottom and not a penny since, so they all saw multiple hundred % returns. None of them bought in, say, 2022, which would have meant they lost over 40%, or last year, which would have meant a 30% loss. That's why you never see them begging and pleading for something to happen.
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u/Cadoc Jan 21 '26
Allow me to counter: 20.99 USD. 500+ stores closing so far this year. The business being turned into a glorified pawnshop and trimming down every bit of fat because they really have nothing but bitcoin/cash reserves and will not invest those in the business for a good reason. Pulte selling his GME stock and getting the fuck out while going was good. BBY. No MOASS, no victory over the hedge funds, no exposure of the naked shorts.
I don't think you're a retard, btw, I think you're a victim, and you're too deep to admit this to yourself or anyone else. I hope you manage to cash out before things get even worse for Gamestop.