Quote:
Originally Posted by bizaro86
But I definitely disagree that it wouldn't add any value. Right now their business is probably worth somewhere between $0 and $30 per share. If they doubled their shares outstanding at $200 do you honestly believe the extra $100/share in cash wouldn't affect intrinsic value?
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Good point, though if they don't have a real plan of what to do with that cash (which I haven't seen anything good from GameStop). The book value they get with the cash would probably be Old Value + New Cash / New Float, with no multiple on the cash.