re: GameStop CEO Ryan Cohen bought 500k shares yesterday. He just did it again.

quote:

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Some of their profit is from interest on the 9 billion cash reserves "war chest" they have accumulated, but why fault them for getting interest on it?

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Over the last year it’s majority interest.

I don’t fault them for it, but I can’t get behind their core operations which have essentially barely been profitable, if at all, over the last 18 months without the interest.

Your earlier post implied they should be worth a lot more if it wasn’t for some sort of manipulation which is completely false. They don’t deserve to be at highs they’ve never seen on pretty paltry net income numbers.

The stock was $8 a share in 2016 coming off a year where their EPS were 4x higher than they are today, yet the stock is at $23 now.

What’s funny about GameStop today is that “market manipulation” is the only reason they’re this high, not the reason they’re being suppressed.