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GameStop Corp. Message Board

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  • ronboz77 ronboz77 Dec 10, 2012 5:25 PM Flag

    A challenge to thujonzzkelleeyzexperience

    I am going to explain something to you, and give you a little business education.

    First off, GME total liabilities are approximately 2.5 billion dollars. Of that, 2.3 billion are current liabilities. Current essentially means short term. I borrow $10 to buy an item today, payable in 30 days. Tomorrow I sell the item for $13. I have $13. I have a liability of $10 that I must pay in 30 days. I will not pay it now, because I have use of all $13 for the rest of the 30 days. But the $10 is a current liability.

    GME has over $2.4 billion in current assets. The last I checked, over $2.4 billion is greater than $2.3 billion. Also, their total assets are $5.4 billion and their stockholder equity is almost $3 billion. GME is quite solvent. However this could change if they do not adapt to a changing business environment. It appears that they are adapting.

    BZZZZZZZZZZZZZZZZZ!!! Your "evidence" is rejected. Try again if and when you learn something about business, other than being a short-seller.

    Sentiment: Strong Buy

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