Quote:
Originally Posted by Krovikan
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.
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I agree that cash in gamestops hands is probably worth dollar for dollar at the very most. Even if you figure a new dollar on their balance sheet is only worth 80 cents to shareholders they should sell as many shares as they possibly can.