/biz/ - Business & Finance

>>23175587

Why do these anons have to be so greedy. I just can't understand it for the life of me. Many of you got lucky and made a 30 or 40 percent profit and didn't sell when the stock was dropping like a rock.

It makes no sense. None of you had any justification behind the trade except for memes. The stock jumped 60% on news that all of you know essentially comes down to them using tablets and office 365 products. The profit sharing value is estimated to offset around a 3rd of the cost, its tens of millions but wont get them net positive.

You all should really read the news articles at the time about the revamping of JC Penny. These re-imagining are a speculators play ground but they almost never work long term. Ackman tried it with JC Penny, people attempted it with Toys R Us (which has arguably much higher value of intangibles), even at one time people were talking about it with Radio Shack.

It never works out. There is a world of difference between Cohen taking on a spin off digital native company and making it huge, and transforming and aging retailer in the most easily digitizable market and making it internet based.

Their whole sales model is aincent, power up rewards, game informer magazine, trade in of physical disks, etc. You would struggle to find a less valuable biz model in the current marketplace.

GME, its assets, and the company are worth less than nothing, and I really hope anons don't lose an opportunity to take some profit after a once a year lucky break.

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>>23141332

Rmbr me anons? Rmbr how I was supposed to embrace store with a store, rmbr how I was supposed to take on amazon, remember how every biz school finance class/club had a bunch of retards shilling me to come back from the brink, rmbr how even kids at wharton were confident in Ackman???