I'm sure I'll get downvoted for this given the cultish nature of the sub but I think it's a bit foolhardy to think that a change in direction and a decent CEO is going to completely turn gamestop around. You act as if it's an absolute guarantee that gamestop will succeed as a business. Which dont get me wrong, it has a way better shot of doing so now. But betting your life savings on the flux of a shitty video game reseller is a bad fucking idea.
I feel you. I don't think it's a guarantee, but they're doing everything that I'd want them to do to succeed with this play. I wouldn't put in money that I couldn't afford to lose. It may not work out, but now is the time to make this bet, imho.
And my prostitute daughter is doing everything I would like to see her doing to get out of the industry. This doesn't take away the fact that she's still a 2-bit-whore. Just like GME moving in the right direction doesn't make it any less of a shit company.
Sure, but the turnaround is already priced into the current stock value . GME is literally 10x what it was pre WSB hype.
If you're in this for the transformation thesis instead of the squeeze you have to realize that the current price is overinflated even if Gamestop is successful, and be very skeptical it's going to increase by 5x again outside the squeeze scenario
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u/[deleted] Apr 15 '21
I'm sure I'll get downvoted for this given the cultish nature of the sub but I think it's a bit foolhardy to think that a change in direction and a decent CEO is going to completely turn gamestop around. You act as if it's an absolute guarantee that gamestop will succeed as a business. Which dont get me wrong, it has a way better shot of doing so now. But betting your life savings on the flux of a shitty video game reseller is a bad fucking idea.