$GME GameStop okay I might be missing something hereโฆ But canโt stop thinking about something @ryancohen said yesterdayโฆ Let me begin by first saying Ryan Cohen is VERY careful with his words. Listen to this part of the interview. Ryan is using deal math that gets to a post-merger ownership of 60% eBay / 40% GameStop for existing shareholders. But at Fridayโs closing stock price of $26.53, that math was 70:30 (see below) I donโt think Ryan meant this point as a hypothetical. Meaning I think the dilution math will ACTUALLY be 60:40. Which brings me to key point #1: This would mean Ryan is implying $GME stock will be at the price needed for 60:40 by the time the deal is finalized. Well, for ownership split to be 60:40โฆ According to my math (disclaimer: Iโm bad at math) that price is ~$40. Ryan also said heโs ready to GO on the transaction NOW. Which brings me to key point #2: This would mean GameStop is sitting on news. And Ryan is confident that news will send the stock to *drumroll please*โฆ AT LEAST $40. Thatโs how heโs going to buy eBay. 50% cash, 50% stock. Itโs on the website. In Ryan we trust. Moass is tomorrow.
