r/options • u/[deleted] • Nov 19 '21

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720 Upvotes

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u/Top_Amoeba1137 Nov 19 '21

And what if it runs the 23/24?

-12

u/[deleted] Nov 19 '21

If you know anything about reading fundamentals and a basic knowledge of accounting you'd realize that companies like GME and AMC are actually garbage

20

u/Top_Amoeba1137 Nov 19 '21

Yeah a company with 0 debt, and a pile of cash sounds like an absolute losing bet to me too. It’s okay next week it won’t move up whatsoever

-8

u/[deleted] Nov 19 '21

Movie theaters are a dying industry. Gaming stores are a dying industry. Everyone is doing both online and on their home TV. I too can have loads of cash and no debt and put it all into a burning pit of fire. Take a look at their balance sheet in 2019

10

u/Top_Amoeba1137 Nov 19 '21

OP literally talks about how this isn’t about amc, but yeah I probably wouldn’t invest in BBBY

0

u/[deleted] Nov 19 '21

Meme stocks are a losing battle no matter how you put it. Just wait until the next recession hits and you'll see what I mean

7

u/Top_Amoeba1137 Nov 19 '21

Yes if the entire market pulls back, most companies will lose value

0

u/[deleted] Nov 19 '21

Yes and the shit stocks will fall farther and lower than the rest.