instead of using 500 mil to buy back shares, how about using about 100 mil to double the dividend. Frankly, I prefer seeing money go into my account every quarter rather than see the OS Drop a small amount. Plus, according to my broker, short sellers have to pay the dividend as long as they are short. I'm sure management doesn't read a yahoo message board, but I hope they are discussing raising the dividend at the next earnings announcement.
Just read the Barron's article. It was positive through and through. Pachter said GME was Cheap. A mutual fund manager said few companies have managed aversity as well and done so poorly in regards to it's stock price. But he had a conflict since he owned shares of GME. Pachter thinks GME can comfortably increase the dividend to a 12% yield. Pachter thinks it's a good idea since there are many people chasing yields in this low yield environment. You know, I don't think it's such a crazy idea. I'm actually for it. GME at a 12% yield really is very attractive in this low yield environment. Lastly, based on valuation and such a low price to earnings ratio, GME is seen as a PE buyout or other financial buyout. Also, GME's market cap was very digestible for a buyout according to the article.
I also have a conflict since I own shares of GME. I also happened to buy more shares last week. And I obviously agree with pretty much everything in the article.
Good call on increasing the dividend note to management. At this time management did not have any comments when approached by Barrons, but at least the message has been delivered to them.