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Re:GameStop CEO gets 170M-payday after Reddit market frenzy by Traster on Tuesday April 27, 2021 @05:06PM (#26961562)
> If the bet fails, you are left with a profitable stock, as it does have solid fundamentals

Could you explain to me what these fundamentals are?

Re:GameStop CEO gets 170M-payday after Reddit market frenzy by exclusiv on Tuesday April 27, 2021 @07:26PM (#26963362)
Well it's wiping out debt and recently raised 550M+ in ATM offering. Close to $1B in cash. Removing underperforming locations as they have some favorable leases.

They have the known brand in a huge and growing industry.

They have a revenue sharing agreement on digital sales.

Will sell more PC gear and expand product selection. Invest in better customer support like Ryan Cohen did with Chewy.

On the financial side recently - "The gaming retailer's global e-commerce sales increased 175%, representing 34% of the company's total net revenue during the quarter. During the same period last year, e-commerce made up just 12% of total sales." [1]

So still a long way to go but people are mostly betting on Ryan Cohen, the team he's assembled and shifting to be more e-commerce heavy.

[1] https://www.cnn.com/2021/03/23/tech/gamestop-earnings-q4-202...