Did Anyone Notice GameStop Reinvented Itself On The Latest Kitty Call? (Rating Upgrade)

Summary:

  • Roaring Kitty’s reappearance with a large GameStop position in May, helped the share quote to rise from $12 to $60+ in quick order.
  • GameStop’s management issued $3.05 billion in new shares during May-June, reshaping the balance sheet with $4.2 billion in cash vs. just $1.15 billion in liabilities.
  • Positive net income and potentially stronger returns on the reinvestment of its large cash holdings could force Wall Street to rerate shares much higher.
  • The reinvented company 12 months from now could be worth materially more than existed in the spring, through timely financial engineering decisions.

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Alones Creative

I am the knucklehead that called for a GameStop Corp. (NYSE:GME) short squeeze time and again for years, before the massive price increase of late 2020 and early 2021. Unfortunately for my brokerage account, I did


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