GME caught my attention lately, since the CEO (Ryan Cohen) has been buying millions worth of stock almost daily for the last two weeks. (I think he likes making money, so maybe he knows something is coming).
He also seems to be looking at take-overs, or at least investing with the huge almost 10 Bilion dolar cash pile he has.
But thats all speculation (Although GME has a big stake in Ebay now).
The fundamental business now also makes profit. I don't think it's a lot, but the YoY change is spectacular at 77%. Also its just 100M short of the most profit it's ever recorded in a quarter, and that for a second quarter of the year, I think is not bad (as it's not a quarter wherein gaming retail does really well)
The cash GME has on hand is almost the same as the total marketcap of GME, so basically it's now priced in, that GME won't turn that cash into more, but just stays flat.
I think all this together makes for a great opportunity, and when they do something with that cash, the company would suddenly be priced a lot different, and we could see the stock price increase rapidly.
The underlying business is ok, but I don't think thats the focus, I see GME now as an investment vehicle, or SPAC if you will. And the CEO who doesn't take a paycheck is willing to put his money in there too.
It seems to me like an investment with not a lot of downside, and massive upside potential, correct me if I'm wrong.