I invested in GameStop about 5 years ago. I used to be on Reddit every day charts theories market open all of it. Eventually I stepped back because the constant noise and speculation stops helping you actually understand what’s going on. One thing that stuck with me was something Ryan Cohen said about the transformation being “really big very very very big… something that has never been done before within capital markets.” A lot of people seem to hear that and expect instant results. That’s not how major corporate restructuring or capital market strategy works. I also took a loss in Bed Bath & Beyond. Didn’t overextend moved on accepted it. That’s just part of risk in these kinds of trades. What I think gets missed is the actual shift that has already happened. GameStop went from being on the edge of collapse to holding a strong cash position and returning to profitability after years of losses. That is a material change regardless of sentiment around the stock. They’ve also used capital markets in structured ways including shareholder warrant distributions. I hold them myself. That suggests ongoing financial optionality not stagnation. Cohen also hasn’t sold his position and hasn’t taken traditional compensation. Based on public filings his incentives remain aligned with shareholders. You don’t have to agree with him but saying “nothing is or has happened” doesn’t really line up with the financial reality anymore.
now with al that being said I actually get the lack of interviews. Why would you lay out a strategy publicly while it’s still being executed *The Waterboy* is a simple analogy for it. Coach Red
benefits because he takes Coach Klein’s play book system gets exposed. Once a system is known it gets countered. Same idea applies in competitive environments. Marshawn Lynch minimal media no noise just execution “I’m just here so I don’t get fined. ”That mindset makes sense to me. “We may have been early but we were not wrong” Iykyk
I’m not here predicting timelines I’m just watching execution buying and holding through it.