$GME GameStop okay I might be missing something here… But can’t stop thinking about something @ryancohen said yesterday… 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 Friday’s closing stock price of $26.53, that math was 70:30 (see below) I don’t 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 60:40… According to my math (disclaimer: I’m bad at math) that price is ~$40. Ryan also said he’s 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*… AT LEAST $40. That’s how he’s going to buy eBay. 50% cash, 50% stock. It’s on the website. In Ryan we trust. Moass is tomorrow.
