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I'm surprised gamestop didn't offer $25 for the company.

This seems like a way to transfer a lot of debt.

I'm surprised gamestop didn't offer $25 for the company. This seems like a way to transfer a lot of debt.
[–] 3 pts

GameStop in January unveiled a compensation package ​worth roughly $35 billion for Cohen, hinging on a turnaround ​that requires him to lift the company's ​market value to $100 billion and hit $10 billion in cumulative performance EBITDA (earnings before interest, ‌taxes, depreciation and amortization).

$35 billion

(((Cohen)))

I think I know where this is headed.

[–] 1 pt

How Gamestop is still in business stuns me. Every metric says that thing should have gone under 10 times over by now.

[–] 0 pt

I've wondered that myself, and when I saw this news I went how in the fook are they going to pull that off?

I see a massive debt transfer in someone's future.

[–] 0 pt

Massive retail investor bailout. The whole GameStop stock even from a few years ago gave them a huge amount of working capital. Basically turned it into a mini hedge fund due to how fucked the short sellers were and still are.