Right. So, GameStop. It’s…complicated. Everyone keeps saying it could be the next Berkshire Hathaway. Which, honestly, feels a bit optimistic. It’s like saying I could run a marathon. Theoretically possible, but requiring a level of discipline and financial acumen that, let’s just say, eludes me most days. Still, the comparison is intriguing. Warren Buffett took a struggling textile company in 1965 and, well, you know the rest. A legend. Can Ryan Cohen do the same with a video game retailer? It’s a question that keeps me up at night (along with anxieties about inflation and the rising cost of oat milk).
Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. The point is, I’m invested – emotionally, if not entirely financially – in this story. And the numbers, as of late, are…interesting. Q3 revenue down 4.5% year-over-year. A 34.5% drop over five years. Not exactly a roaring success. But then, things aren’t always what they seem. Especially in the stock market. It’s a bit like dating – initial impressions can be misleading.
The meme stock frenzy, that glorious, chaotic period, completely transformed GameStop. It’s like a makeover show, but with significantly more risk. They raised funds, a lot of funds, by selling new shares. Smart move. Very smart. It’s the financial equivalent of finally getting around to selling all those questionable impulse purchases on eBay. They now have $8.8 billion in cash. Which, let’s be honest, is a seriously impressive amount of money. It’s enough to make anyone feel slightly less anxious about the future.
The stock is down roughly 69% from its peak. A sobering reminder that what goes up must come down. But, and this is a big but, the company has never looked stronger. At least, not for the last decade. The retail side is fading, naturally. Who actually goes to a physical game store anymore? But that’s not the point. The point is the potential for something new. Something…holding-company-esque.
Their market cap is around $10.7 billion, and cash accounts for the majority of that. Investors are clearly betting on Cohen’s ability to make smart acquisitions. It’s a gamble, of course. All investing is a gamble. It’s like deciding whether to wear that slightly-too-tight dress to a party. Could be amazing, could be disastrous.
Calling GameStop the next Berkshire Hathaway? Probably an overstatement. A significant overstatement. But it does have more in common with the famous holding company than most struggling retailers. Expecting returns on par with Buffett’s over 50-year track record? Unrealistic. Let’s be sensible. But Cohen has done an impressive job transforming the business. And the stock, despite everything, has a feasible path to delivering market-crushing performance. At least, that’s what I keep telling myself to justify checking the price every five minutes. It’s a work in progress, this whole investing thing. A messy, anxiety-inducing, occasionally exhilarating work in progress.
Read More
- Gold Rate Forecast
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- The 10 Most Beautiful Women in the World for 2026, According to the Golden Ratio
- HSR 3.7 story ending explained: What happened to the Chrysos Heirs?
- ETH PREDICTION. ETH cryptocurrency
- Top 15 Insanely Popular Android Games
- Games That Faced Bans in Countries Over Political Themes
- Uncovering Hidden Groups: A New Approach to Social Network Analysis
- ‘Zootopia 2’ Wins Over Critics with Strong Reviews and High Rotten Tomatoes Score
- Best Ways to Farm Prestige in Kingdom Come: Deliverance 2
2026-02-27 18:15