/biz/ - Business & Finance

>>24359149
pic related, what kind of conviction do you think an institution (with more access to information than you) would have to have their largest holdings in shares to be FUCKING GAMESTOP
at $10 per share too kek while most of us jumped in from $6-$7

this link doesn't go over everything and sometimes it focuses on the wrong things, but it's ok I guess?
https://thecollective.finance/2020/10/gamestop-gme-a-squeeze-to-44-from-14-can-be-justified-fundamentally-100-of-the-shares-are-short-watch-out/
I don't like that it included leases as part of debt since those are running costs, not actual debt, and the leases are all relatively short-term too. Gamestop has actually had more cash than debt (in bonds) for a while and are paying them off early so bankruptcy is off the table. At worst, it's just a value trap but then you have a new console cycle coming for future growth prospects

though the real reason most of /smg/ is in GME is because of the """"short squeeze""""" potential without the usual risks of holding something with high short interest (e.g. bankruptcy risk from terrible balance sheet) in the first place
/smg/'s been shilling it since fucking $6 because even dumbasses like us could see $20 coming by March 2021 (Q4 earnings)