$GameStop(GME)$ For anyone exp

For anyone expecting some news from GME about a plan for their $4B cash now other than just earning around 5% a year in interest income, don’t hold your breath. 5% with no risk at all would be the prudent way to go and doubt they’ll even consider an acquisition until interest rates drop substantially, which may take at least a couple years.

Problem is, that’s around $150M a year after taxes and would only justify a market cap of $2.25B with a proper pe of 15 for a company like this, or max $4B cash value and that’s only if they breakeven on normal business operations.

Many companies trade “below cash” on hand and GME should be one of them based on fundamental reasons.

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