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by mh- 45 days ago
Can you explain your thought process here? Perhaps we're "embarrassing my basic knowledge of finance", but I wasn't able to follow his math either.
1 comments
rtkwe 45 days ago
The math doesn't actually math. Even if you're not discounting the cash on hand from GME's value all of GME's market value, plus their cash on hand, plus the "highly confident" $20B still doesn't add up to the take over value in Cohen's letter.
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mh- 45 days ago
I know it doesn't. But I felt like parent commenter was offering to explain what CNBC and the rest of us didn't understand, that he does.

TLDR: half cash, half stock.

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rtkwe 45 days ago
i t ' s o n t h e w e b s i t e . . .

What a bizarre interview that was. The least damaging interpretation is he was intentionally being bad to spite CNBC in a basically (though their explanation doesn't include this) childish fit for earlier bad coverage of GME.

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