3 ms·
Speaking as someone who used to know absolutely nothing about the world of high finance, yes, it is too much to ask. Before I started paying attention to such
by i_think_so 5mo ago
Speaking as someone who used to know absolutely nothing about the world of high finance, yes, it is too much to ask.
Before I started paying attention to such things I wouldn't have known a single one of those terms to even begin googling.
And let's be honest here. A smaller company saddled with big debt buying out an even larger company really doesn't make logical sense. It makes financial sense, which is subject to different laws of mathematics, probably involving the waiter's check pad in an Italian bistro.
- vessenes 5mo agoAgreed that Marvin would find this (and everything about Earth) ridiculous. I propose this would make sense in the animal kingdom though; large, lumbering fatty walks along. It has big claws, but … it doesn’t look like it can be bothered to be dangerous anymore. Meanwhile a pack of hungry successful hunters walk alongside. To take this down, they will risk pretty much everything.. It’s the same story. The shareholders provide a sort of bet on if the big guy has still got it, or the risk-on hunters do. That’s why the operational results got attention in Cohen’s letter — he’s telling Shareholders: “I turned around GameStop. I can turn this ship around, too.”
- maxk42 5mo agoGameStop has zero debt and billions in cash on its books. It is not a stretch for them to be making this offer. It really does make sense here for both sides.