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Barchart
Barchart
Mark R. Hake, CFA

GameStop Stock Is a Sum-of-the-Parts Bargain - Cash and Bitcoin is Close to GME's Price

GameStop Corp (GME) stock is a bargain. It has $9.066 billion in cash after its recent 0% $2.68 billion convertible note offering, which closes on Tuesday, or $20.27 p/sh, plus $492.4 million in Bitcoin ($1.10), or $21.37 per share. That means the stores, which are now profitable, are almost available for free.

Moreover, as this article will show, its sum-of-the-parts (SOTP) value is now over $42.00 per share.

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