I know they were (are?) more known for their meme stock shenanigans of late, but I was doing some research and noticed the following things:
- New CEO cofounded Chewy, which is an e-commerce juggernaut. This guy know his stuff. Chewy is an amazing company and took on Amazon incredibly well. Check out this article on how they did it
- This CEO also takes no salary, so he's incentives are more directly tied to company performance. (Yes, I know many CEOs do this, Elon for example.)
- They virtually have no debt.
- They have nearly 60M PowerUp members, with around 10 percent paying for the Pro, which is decent ARR.
- Digital. Yeah, I don't buy physical games myself, but GS still sells more gaming stuff than Best Buy. Best Buy was supposed to eat their lunch when BB entered the used gaming market--this has not happened.
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