ย 

Ryan Cohen Writes Angry Letter to GameStop Board



Last year, Michael Burry sent a letter to the board of GameStop $GME and it completely changed the narrative for the stock as the board of directors decided to buy back shares and today, we're on the brink of a short squeeze. But market reactions to these letters were different.


Earlier this year, GameStop restructured part of their debt and a few weeks back, decided to repay 60% of all the debt due in March 2021. GameStop now only has less than $100 million in debt to be repaid in March 2021 and about $200 million to be repaid in March 2023. Therefore, GameStop is entering the new console cycle financially very strong with over $700 million in cash. But this was not enough to make Ryan Cohen happy.


After Ryan Cohen sold his company Chewy to Petsmart, he invested in only two stocks, Apple and Wells Fargo. Now, he's investing in GameStop, hoping to make the business able to compete with Amazon $AMZN , something he was able to do with Chewy.


Ryan Cohen already talked to the GameStop CEO George Sherman and the board of directors about his plans but after not seeing any action from them, he decided to go public with this letter. This means that the CEO and board should be scared about their jobs.


Ryan Cohen says that the gaming industry is growing at a very fast rate and if GameStop closes more stores and goes online, they will be able to be the market leader.


If the management does the thing that Ryan Cohen said in that letter, GameStop shall be able to grow past the this console cycle. GameStop should not expect expect Microsoft $MSFT or Sony $SNE to launch an Xbox or PS5 to grow. The gaming industry itself is growing and Ryan Cohen believes that GameStop has the intangible asset necessary to capitalize on this growth.


Watch the full video on YouTube:

https://www.youtube.com/watch?v=Ik9FPhUpdM4&list=UUPO3uUyoXSaFWG-Ldq1mqEQ


๐™ƒ๐™š๐™ง๐™š'๐™จ ๐™ข๐™ฎ ๐™ก๐™–๐™ฉ๐™š๐™จ๐™ฉ ๐™–๐™ฃ๐™–๐™ก๐™ฎ๐™จ๐™ž๐™จ ๐™ค๐™› ๐™‚๐™–๐™ข๐™š๐™Ž๐™ฉ๐™ค๐™ฅ:

https://ishfaaqpeerally.teachable.com/courses/662813/lectures/24594711



๐Ÿ”ฌJoin my INVESTMENT RESEARCH PARTNERSHIP for all my analysis and research, along with a course for investing for beginners for free๐Ÿ”ฌ

https://ishfaaqpeerally.teachable.com


๐Ÿ“š New to investing? Here's my investing COURSE FOR BEGINNERS with over 150 lectures ๐Ÿ“š

https://ishfaaqpeerally.teachable.com/courses/enrolled/721696


๐Ÿ—ฃ๏ธJoin my private investing FACEBOOK GROUP for more ๐Ÿ—ฃ๏ธ

https://www.facebook.com/groups/IshfaaqInvesting/


๐Ÿ’ฌ Join my DISCORD CHAT ๐Ÿ’ฌ: