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by throwaway5752
1974 days ago
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A stock actually has a calculable estimate of value, you know. It's the sum of future cash flows. Gamestop has been losing money for years and their outlook as a brick and mortar retailer for items that are now sold online is poor. The short sellers are correct. The business of Gamestop is bad and it's equity will be worth nothing. A short squeeze isn't going to change that in the long term. |
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