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Equity Investor, Finance Writer
GameStop's Ryan Cohen is making one of the most aggressive streaks of insider purchases relative to market cap over such a short period. He bought another 700,000 shares at an average $24.41, about $17.1M, per an SEC Form 4 reported by @ReesePolitics, a show of conviction that ignores rising yields. x.com
GameStop's operating business is cheap and improving, collectibles is a secular trend it is well placed to capture, it has a lot of cash to deploy, and above all Ryan Cohen is a winner. Cohen built Chewy and sold it for $3.35B, became Apple's largest individual shareholder, and as GameStop's CEO takes no pay and has never sold a share. Per @leevalueroach, he just bought another $10M of stock, over $60M in less than a month. x.com
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.com
GameStop looks like a reasonable bet despite misgivings about CEO Ryan Cohen, because it holds a ton of cash and is not buying eBay. x.com
GameStop has not created value where it matters to shareholders: the share price has been a dog for five years. Much of that came from heavy dilution and from alienating the investor base that drove the stock to parabolic heights. The idea that Ryan Cohen creates shareholder value is revisionist history, whatever the balance-sheet gains. x.com
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.com
Insider purchases are a bullish signal for GameStop, Adobe, Salesforce, Lululemon and now Opendoor. Kasra Nejatian bought $100k of Opendoor on August 14; Ryan Cohen bought $26.4M of GameStop, David Ricks $1.9M of Adobe, David Blair Kirk $999k of Salesforce and Charles Bergh $500k of Lululemon. x.com x.com x.com x.com x.com
GameStop shareholders face about 70% dilution to fund CEO Ryan Cohen's $56 billion offer to buy eBay, with no short squeeze coming. A year ago Cohen was hyping Bitcoin purchases, which raises doubts about whether he knows what he is doing. After that interview, a GameStop shareholder should sell every last share. x.com x.com x.com x.com
GameStop keeps winning under Ryan Cohen, now forecasting adjusted EBITDA above $600M for the fiscal year ending January 2027, versus $345.4M the prior year. x.com
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.com
GameStop will go lower after hitting new 52-week lows, with $14-$16 the likely floor. If Ryan Cohen doesn't inspire shareholder confidence, it could fall as low as $10, and hedge funds love shorting it. x.com
eBay is getting new life from a possible takeover bid by GameStop's Ryan Cohen, who already owns 7% of the float. It has strong free cash flow, four years of rising revenue, accelerating EPS since late 2023 and growth every quarter since September 2021. MarketSurge notes a bullish base breakout, and the target is $125. x.com x.com
