Burry Bets Big on GameStop: A Patient Value Play
TL;DR
Michael Burry revealed on Substack that he has been buying GameStop (GME), targeting a value around 1x tangible book value/1x net asset value and signaling a multi-year hold rather than a quick squeeze. He emphasizes governance and capital allocation under Ryan Cohen and is willing to wait years to see the story play out. The move comes as GameStop has rebuilt its balance sheet—liquid assets, cash, and even Bitcoin—creating a cushion that points to a renewed focus on valuation and cash generation rather than meme-driven hype.
- Michael Burry Goes All In on GameStop (GME). Here’s What It Means for Investors TipRanks
- GameStop shares move higher after Michael Burry says he's been buying the stock CNBC
- GameStop surges after Michael Burry reveals he owns the stock Sherwood News
- GameStop pops as Michael Burry is a buyer of Cohen’s cash-rich strategy Seeking Alpha
- Insider Purchase: Director at $GME Buys 5,000 Shares Quiver Quantitative
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