Don’t worry, GameStop won’t be going bankrupt anytime soon
But the company still burns through $460m annually while reporting declining earnings YoY.
So if you think -12% in one day is bad, just remember, GME’s market cap is still at 10.6B. 4B cash on hand taken into consideration still won’t even merit half its current valuation.
Good luck to all opting to dig themselves deeper into sunk cost. Rocket will come any day now!! 🚀🚀
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Paul Anthony : very helpful thanks again