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Hey all i was just thinking about the Volkswagon squeeze again that happened in October 2008... just 1 month after the world took a shit on the financial markets.
Shareholders were feeling the same thing we were feeling today. However the catalyst of Porsche purchasing 70% of VW initiated a sequence of events that squeezed the price to the most valuable company in the world.
Now if as Buffet said, there were no deals in market today and Gamestop decided to take their 4B in as a major share buy back program the stock price would only need to get to $9.38 in order for Gamestop to purchase ever share outright in market.
This whole time we were thinking acquisitions of 200-300 million when all they need to do is a share buy back program that ultimately rewards shareholders. This would catalyse a sequence of events that would 💥!!!
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