/biz/ - Business & Finance

>>22486053
what you have to realize is that Gamestop just has to cut off its corporate bloat (like stop wasting $32 million in bonuses for its executives the past 2 years) and it's instantly back to double digits. It doesn't have to do anything revolutionary because it's already making billions of dollars in revenue annually, and 20% of its revenue was ecommerce this quarterly (~$200 million).

Is that the kind of revenue you expect from a 400 million market cap company? Like I don't know if a massive short squeeze is still possible, but GME is actually less riskier than all the other shit in the market just because of how undervalued it is and that it now has a bunch of activists that are butthurt mad at its board (Permit and Hestia's been bagholding since 2011 and they put in 2 of their people into the board to get their shit together). The CEO and CFO still seems to be retarded judging by the webcast call on Q2, the CFO in particular I have no fucking idea why they didn't jump on paying off the 2021 bonds immediately while they were at a 30% discount. most retarded shit ever. They've basically just "lost" like $20 million or something because they sat on cash instead of shuffling their debt better. they are so fucking retarded.

I'm sure they're going to be an obstacle to Cohen as well. Even Burry got so fed up with GME not listening to them he just decided to give up and be a passive investor now, he reduced his shares to under <5% around April/May.