/biz/ - Business & Finance

>>24597891
>Is it just undervalued? But what's gonna be their long-term plan to recover?
it's trading at 0.15x of revenues right now because of a perfect storm of massive share buybacks and high short interest
and the effects of a new console cycle is becoming more and more obvious

short sellers mistakenly believed Gamestop was going bankrupt when it was just declining revenues from the ends of a shitty console cycle (no backwards compatibility, pre-Lisa Su AMD chips on the consoles so they were already underperforming pieces of garbage on release, etc)

serious question though, when and how did you find /smg/