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GameStop Is Toast

5 pointsby apozem10 months ago

2 comments

ilikenwf10 months ago
You didn&#x27;t really cover any fundamentals here. The business itself is changing and the investors generally are buying into Ryan Cohen, not Gamestop at face value, &quot;MOASS&quot; or not.<p>They have $4 billion in liquid assets, which if they desired would allow them to purchase new businesses to roll into their model or buy back all of the existing free float shares left.<p>No debts except a low interest covid loan from France.<p>They are branching out and selling consoles, PC gaming gear, board&#x2F;card games, and sports cards in addition, amongst other things.<p>While you&#x27;re right about a lot of what you say with digital downloads and such, you don&#x27;t paint the full picture, but you can&#x27;t be blamed because the Jim Cramers and hedgefunds of the world don&#x27;t want people to know any of these facts.<p>Do some digging and you can find all this to confirm, and a lot more. r&#x2F;superstonk is cultlike but they do have good fundamental research.
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floydnoel10 months ago
&gt; As a gamer, I cannot over-emphasize how much more convenient it is to buy digital.<p>some really bad takes here. do people really think like this? i guess convenience trumps reliability or user freedoms like privacy for most?
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