All of GameStop’s nearly $1 billion in cash is now at Ryan Cohen’s unilateral discretion.
RC can now use GameStop’s money to buy stocks of other companies, which may or may not involve any mergers or acquisitions.
What is really interesting and exciting about this, to me, is that it puts “our” money into his hands. It’s our money because we are GME investors, and shareholders are the owners of companies, and GameStop’s money is part of the shareholder equity that belongs to shareholders.
Ryan Cohen has a vision and a strategy, and access to valuable information, and he does not telegraph his strategy to the competition. We don’t know specifically what his intentions are, we don’t know specifically what his strategies are.
What we do know is that our interests are in alignment.
We shareholders are in alignment with the RCEO because he is also a (major) shareholder. If RC makes a move that benefits GameStop, it benefits all GME shareholders including himself and us.
If RC takes a strategic investment opportunity, we are all going along for the ride.
This is pretty great, in my opinion, because assuming that you trust RC, it means all a person needs to do is hold GME, and they will get exposure to whatever strategic investments that RC might make. As for me, I trust that RC has a better capability than myself to wisely invest in any non-GME assets.
I wouldn’t expect him to start telegraphing his moves now. It’s a big part of his ethos.
His actions speak quite plainly though. Looks like we’re on track for a profitable year.
That’s fair. It does seem to be part of his ethos and I shouldn’t expect a leopard to change its spots. Guess I’m just interested to see more progress.
If it’s profitable this quarter, then I’m in favor of the “moving in silence” bit. If it’s not profitable I’d prefer more clarity, at least on the plans. If not from him, then from the company or another representative. The crypto/web3 stuff seems to have stalled a bit waiting for more regulatory clarity. But if it’s just the calm before the storm of positive moves, then so be it.
Considering q4 is always their best I’m pretty confident on profitability. Christmas, plus January they get Christmas and kids spending Christmas money all in 1 quarter.
It’s a shame about the regulatory delays for the web 3 stuff. But it looks like IMX is on a roll and will finally start having more games next year. I’ve been waiting on Guild of Guardians myself. Should have been out by end of this year, but I’m ok taking delays instead of a buggy release. Games take so long to develop!!
He sure posts a lot for someone who never says anything.
He’s averaging at just over 2 tweets per month this year 😂
Posts more than I do.
Says nothing.
Praise RC though. 😂 Baggie brains.
And you’ve commented 9 times today on Lemmy, you’re almost halfway to beating him just counting today. Congrats! I hope people like what you’re saying.