A dividend will help blowout the 30% short position
If GME issued a nice dividend (they could do 5% no problem) it would blow out the HUGE short position in GME. You see a short has to pay YOU the dividend every quarter when they are short the stock. Shorts HATE to do this. GME would be smart to issue a sizeable dividend to blow out these shorts pounding on the stock.
Also this would benefit the shareholder base and bring in a whole new class of investors. With zero debt on the balance sheet and plenty of cash and cash flow this is the time to do it. It's now or never.
Yes today will sell off on NPD and I also don't trust their numbers. I'm sure sales were down but not as much as they say. Also GME is always buoyed by used games and that won't stop anytime soon.
GME will be hurt over time by digital but console games won't go away. Also we are near the end of the game console cycle so things would be expected to slow. All this is priced into GME and then some.
GME's digital business and iphone biz is doing quite well with triple digit growth. Ultimately they are held captive by console makers release cycles and release dates for major games.
And today we get that dividend. GME must have read my post. Well done GME. Now the shorts pay the longs every quarter. they are gonna love that. seems like a lot can't take it today. Maybe a squeeze to 35. already 26
Hmmmmm, best buy is going down, radio shack is going down, why would GME go up ? You can't hand out a dividend when there are no long term profits. Maybe if GME, BBY , and RSH would merge like kmart and sears you could . . . naaahh that wouldn't work either.