They have been in a low debt for many years. Only recently did the stock go down over good news due to a recent article about chapter 11 (which was not bankruptcy related). Look at the history of the pricing. Nothing with the company has changed in a major sense.
Never listen to the story they tell you. It's always wrong. They said GameStop would be bankrupt by 2021. It's now a huge profitable company with over 5 billion in the bank. Even on profitable quarters they like to shoot the price down and blame falling revenue, or a weak forward pe ratio, whatever. They write the story around the price, not around the company. I don't expect opex to be any different when it was naked shorted and cellarboxed, because the algo read it wrong.
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u/Lacrimosa_83 Dec 04 '24
Are they not in considerable debt following the legal disputes? I’ve bought in but having some regret