I don't get the GME bears. I think they're missing the forest for the trees. Behind the short squeeze is a strong value play. Everyone disrespects GME as a B&M company but that's probably their biggest advantage. Their lack of an online presence means this is a growth opportunity. And guess what, Ryan Cohen is a very credible e-commerce merchant, beating Amazon at their own game with Chewy. That's why I say I am betting on Ryan Cohen. The majority of the board are now staffed by Cohen's former colleagues, the company is going through a revitalization, I think it's a grave mistake to evaluate this company based on past performance.
Oh yeah, and memes. Talk about an interesting wildcard to have in your back pocket. We're talking about the second most meme'd ticker behind TSLA.
www.gmedd.com -- worth a read.
Probably wouldn't ever bet anything on CDPR at this point. Nintendo I would consider a safe investment. They run their business effectively and know their audience better than the audience know themselves. They learn very quickly when they do stumble.there are a million better stocks to put your money than gme. Gme was on the brink of bankruptcy last year. Exxon, chevron, Alaska airlines, Disney , live nation entertainment, if you want a riskier pick buy carnival cruise lines as they will no doubt recover in the future.
GameStop is not that different than toys r us, circuit city, blockbuster and Hollywood video, which are all out of business. Heck if you want to invest in video games you can buy stock in Nintendo or Sony or cd project red.
In a letter to the company's board in November, Cohen called for a strategic review to create a credible roadmap for limiting costs, prioritizing profitable retail locations and building its e-commerce wing.
Cohen invested in GameStop again shortly before Christmas 2020, when a company owned by the entrepreneur paid $37 million for 2.5 million more shares, regulatory filings show.
By the end of the month, he owned 9 million shares bought at an average price of $8.43 for a total cost of $76 million at the time.
I think we get that.Some of you seem to think GameStop is trying to continue to be the failing retail GameStop. It is not.
The CEO like the stock.
Amen Brother.I really don't understand all the people obsessing about the profits here. The hedge funds, part of the wider financial industry worth over 10 times the world GDP, were forced to collude with the media, big tech, stock exchanges, financial companies and even government authorities such as FBI and SEC to suppress the price and save their hides. The value of disgracing them and reducing the overall trust in all of these formerly "trusted entities" dwarfs anything that someone might have either pocketed or lost while "investing" in this.
Civil disobedience is neither cheap nor easy, but the rewards are there. They just don't happen to be monetary.
Indeed it was.I kept telling you guys there is money to be made here, had absolutely nothing to do with if you believe GameStop is a viable company or some reddit tendies diamond hands wifes boyfriend meme economy to the moon weirdo loser garbage.
As it stands now a 35% return in one day is pretty nice....