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It being a dying company doesnt mean it wasnt undervalued. Gamestop was being sold below its Net Current Asset Value, that is, if you took all of its cash in t
by djbebs 6y ago
It being a dying company doesnt mean it wasnt undervalued.
Gamestop was being sold below its Net Current Asset Value, that is, if you took all of its cash in the bank and used it to pay off all of its debts, you would have more cash in hand than if you had not bought gamestop.
- me_me_me 6y agoOh, I see. I stand corrected then.
- tedunangst 6y agoNot unusual for a company expected to lose money. Yeah, sure, I'd pay $90 for a bag of 100 $1 coins, but not if there's a hole in the bag and half are going to spill out before I get home.