1. Gamestop has no debt.
2. only income. and millions of followers.
3. despite the wacko comment:
“RE: The stock is in the hands of spiteful adolescents.”
BOA, Blackrock, Vanguard, and many states of
the Republic are long on GME.
I don’t follow GME but for every year going back over 10 years, it’s held more debt than 10 years of its earnings. They may have just paid the debt off which probably came from the wild rise in their stock price. It’s not a good idea to be emotionally attached to financial products.
According to its public financials, Gamestop has a little over $1 Billion in debt and lost $109,000,000 on operations last year.