Oh no, no, no. How could they even be struggling? They ignore all of their customers and try to rip them off repeatedly. That’s just good business, brick & mortar style. /s
I’ll never forget my brother heading to GameStop to grab me a copy of Halo 3 for like $15. Dude in front of him in line was trading in a steel book edition. Got offered like $4 and thankfully my brother is an extrovert and went “I’ll give ya $20” which is what I’d sent him with.
They’re doing alright with positive cash flow. They have $9B cash on hand because of some long 0% interest convertible bonds they sold to probably an institution on Wall Street. They’re going the Carl Icahn strategy, and I thought they said they were going to do a “multiplie Berkshire” so I guess I’d be surprised if eBay were the only M&A they are considering.
FWIW, Michael J Burry from that “the big short” movie bought GameStop a few times recently and supports the “Warren-Icahn multi-Berkshire” plan they have.
Oh no, no, no. How could they even be struggling? They ignore all of their customers and try to rip them off repeatedly. That’s just good business, brick & mortar style. /s
I’ll never forget my brother heading to GameStop to grab me a copy of Halo 3 for like $15. Dude in front of him in line was trading in a steel book edition. Got offered like $4 and thankfully my brother is an extrovert and went “I’ll give ya $20” which is what I’d sent him with.
Are they struggling? Last I checked they had like a full literal billion in cash on hand.
They’re doing alright with positive cash flow. They have $9B cash on hand because of some long 0% interest convertible bonds they sold to probably an institution on Wall Street. They’re going the Carl Icahn strategy, and I thought they said they were going to do a “multiplie Berkshire” so I guess I’d be surprised if eBay were the only M&A they are considering.
FWIW, Michael J Burry from that “the big short” movie bought GameStop a few times recently and supports the “Warren-Icahn multi-Berkshire” plan they have.
For a company the size of GameStop, I feel that $1B isn’t as much as it sounds like.
You would be surprised…
More than Spirit had.
Bad dum tss