[jaxwerk]

WallStreetBet's consensus on buying Gamestop was born from an understanding of its share price being undervalued, based on basic profit and loss analysis, as well as a promising board member joining who has the background to grow the company's digital business. Brick and mortar business has also run successful experiments with positioning as local e-sports hubs, which could be an interesting evolution for that side of the business.

The insane stock price we're seeing now is in anticipation of a short squeeze, but folks who took the bet before January seemed to mostly agree that the share price belonged somewhere around $30 regardless of the insane shorts. There was hope of a short squeeze being possible, but the downside was considered minimal with the thesis that GME was fundamentally undervalued regardless.