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What is broken about it? People were over leveraged and others acted on it. Seems to be working as intended. If GME is at this P/E a year from I'll agree with y
by frockington1 6y ago
What is broken about it? People were over leveraged and others acted on it. Seems to be working as intended. If GME is at this P/E a year from I'll agree with you
- jandrese 6y agoThe complete disconnect from reality? How much of that money is going to be available to Gamestop to turn their business around? How is this different than gambling on horse races except that instead of horses you have corporations?
- frockington1 6y agoDifference is all about ownership. You don't own a portion of the horse, you own a stake of the outcome of one race. When you buy a share of a company, you own 0.00001% of said company. Gamestop does not have access to that money as they sold their stake in exchange for cash at a past date. As a shareholder, you can use your stake to vote in shareholder meetings and if large enough be on the board to help turn the business around