Gamestop

Gamestop's price makes no sense. It is selling for $8.62 right now when it has $1600 M cash in the bank. There are ~102 M shares. This means, if Gamestop just distributed all of its cash to shareholders as a special dividend, everyone would get about $16, or almost 2X what the shares currently cost. Gamestop also has an insane dividend of 0.38c per share per quarter which is ~ 17.6% yield. Is this dividend safe? Safe enough. Their payout ratio is 76%. I get that everyone thinks revenue will continue to decline. And it probably will. Who cares? At a low enough price, even a declining business is a bargain. But don't listen to me, every time I recommend something it immediately crashes in price.