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> whether it bankrupts next year or 20, if it never makes profit the stock is worth $0. A business is at least worth it's liquidation value at any time. And $
by clktmr 5y ago
> whether it bankrupts next year or 20, if it never makes profit the stock is worth $0.
A business is at least worth it's liquidation value at any time. And $GME was trading near liquidation value. Feel free to read up on Cigar Butt Investing if interested.
- reducesuffering 5y ago> A business is at least worth it's liquidation value at any time. Only if majority shareholders will actually liquidate. If they are set on a futile attempt to light the money on fire, you don't have that $100 you lent your cousin Johnny to start his door-to-door knife selling business anymore... It is actually astonishing how much GME/WSB'ers have continuously gotten wrong from this saga and keep trucking along in cognitive dissonance: alleged Robinhood + Citadel collusion, not understanding DTCC collateral requirements spike, short sellers / "wall street" covering and going bankrupt anyday now... First QAnon, then most of these WSB'ers probably derided QAnon'ers imaginary conspiracy world, only to jump on board the same flavor a months later?? Internet is doing some damage.
- clktmr 5y agoAll my comments were in regard to the original thesis by Roaring Kitty, that it should trade at least in the $20s instead of below $5. I don't understand why you keep making references to current price and the resulted community, which we can agree is full of BS.