-si- I don’t think anyone realisitcally thinks that will happen but that doesn’t mean it’s impossible either. Shorters have the potential for infinite losses and it’s happened before with other companies (famously Volkswagon). I’d take a couple of grand per share for sure.
As for fundamentals, Gamestop really depends on which camp you fall into and I think is a reason a lot of boomers fucking hate GME, AMC et al. They’ve spent years making a nice little portfolio making steady gains and then the absolute retards of the internet come in and make hundreds of percent gains in weeks doing the equivalent of putting it all on black in the casino.
Gamestop is doing a complete e-commerce transformation. They have Ryan Cohen who beat Amazon at pet stuff with Chewy, they have poached top level talent from all over and are debt free (and about to annouce another billion in cash reserves), they have a huge global brand and all the stores they can use as fulfilment centers. People may not think it’s going to work but they are trying.
Personally, the crypto tech hires and NFT plans are the most interesting. If they convince publishers to do digital pre-owned (in exchange for a cut), they’ll make gazillions.
We’ll see.
