GameStop: It’s Time To Wave Bye Bye To This Stock Once And For All

Summary:

• GameStop’s stock is likened to a hot craps game, driven by speculative frenzy rather than fundamental business performance or earnings results.
• Despite GME’s $4.1 billion cash pile, its core business continues to decline, rendering earnings largely irrelevant to its stock price.
• The stock’s allure lies in the speculative rush and the potential for sudden gains, fueled by investor mania and notable figures like Keith Gill.
• GME’s situation mirrors historical speculative bubbles, where crowd madness drives prices up without substantial changes in underlying value.

GME expected to release 4Q24 earnings (FY October) on Dec. 10

There seems to be a supreme irony implicit in the possible

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