re: GME short squeeze

quote:

---

Cohen did a lot of good things with CHWY but the current CEO Sumit has done equal if not more for them. Cohen has had absolutely nothing to do with the company since 2018.

---

Yes but Cohen has a specific set of ideas here that he’s proven he can execute through Chewy and he has himself and two key members with him to assist with those changes for GameStop. The sale to PetSmart and the subsequent IPO have been huge for Chewy’s valuation, but Cohen set the company up for long term success and believes the same model can work for GameStop, which is already cash flow positive and working towards a turnaround. Cohen is adding expertise at e-commerce, customer service, customer retention, and high margin revenues. GameStop needs a ton of help with the e-commerce aspect specifically, it’s something they’ve lacked but making great strides now