PhotonBull
Equity Researcher, Co-Runner of Retail Club
GoPro's underpriced buyout offers roughly guaranteed 30% upside if the private-equity buyer raises capital for a late-December closing. Market makers have pinned shares near $1 ahead of October 30 options expiry. Deal completion remains uncertain, but a repricing is expected after October 30, with big upside in early November. x.comÂ
GoPro has regained Nasdaq compliance with the $1 minimum bid requirement and is off the noncompliant list, setting up a press release that could make this week's options pay off. x.com x.comÂ
GoPro's 100% jump is not a turnaround; it reflects YouTuber Markiplier buying an 8.5% stake, making the stock one to avoid at around $1.36. x.comÂ
GameStop's case rests on CEO Ryan Cohen's continued insider buying, nearly $70 million this year, supporting a $30 target. The stock is up almost 20% year to date, on par with the Nasdaq 100. x.comÂ
GameStop's proposal to acquire eBay matters most because it would put Ryan Cohen in charge of the combined company, which should create more shareholder value than anything else. Cohen founded Chewy, now a $10B company, saved GameStop from its demise and built a fortified balance sheet. Dismissing the proposal is a rookie mistake. x.com x.comÂ
GoPro's shrinking business gives little reason to buy. Revenue fell 31% year over year with an operating loss of $119 million, and a $10,000 investment ten years ago would be worth $700 today. x.comÂ
GameStop shareholders are likely to be diluted to fill a funding gap of more than $10B. Its CEO implied as much in an interview without saying it outright, which is most likely why the stock reversed course. x.comÂ
GameStop's $56 billion, $125-a-share bid for eBay could unlock over $100 billion of value by turning eBay from a stagnant auction site into a true Amazon rival under Ryan Cohen. Synergies span collectibles, trading cards, live commerce and store pickups, plus cost cuts and AI upgrades. Cohen's track record stands out, and the absence of any Wall Street buy rating on GameStop is a strong contrarian buy signal. x.comÂ
GoPro should eventually be a good short, though it may squeeze first. The stock was a failed YouTuber pump, then crushed by its M&A deal, under which holders get an equity stub in the AI business. That deal likely drew many short sellers, and with zero shares left to borrow at IBKR, it squeezed from $1.3 to $1.7, a setup similar to Beyond Meat or Bird. x.com x.com x.com x.comÂ
Beyond Meat is absolute garbage, worth only a day trade, and GameStop is the better squeeze bet, unless an activist investor steps in at Beyond Meat as one did at Avis Budget. A post the author replies to hopes Beyond Meat regains listing compliance above $1 and becomes a Carvana-style comeback; finding another Carvana would be a dream. x.com x.comÂ