“Big Short” Investor Michael Burry is Betting on GameStop’s Revival — Time to Buy?

Quick Read Michael Burry is buying GameStop (GME) again. He cites faith in Cohen’s leadership and the stock trading near tangible book value. GameStop Q3 net sales fell 4.6% to 821Mandmissedestimatesof821M and missed estimates of 987M. Hardware sales fell 12% and software plunged 27%. Collectibles sales surged 50% to 256.1Manddroveoperatingincomeof256.1M and drove operating income of 41.3M. The segment represents 31% of GameStop revenue. Investors rethink ‘hands off’ investing and decide to start making real money In 2021, Michael Burry helped ig ...

“Big Short” Investor Michael Burry is Betting on GameStop’s Revival — Time to Buy? - Reportify