00:00 Speaker A
Now I have to get to our Stock of the Week here. Stock of the week for me, toss that timer on the board, one minute. It is GameStop, which is I guess half retail or half crypto investment platform/Berkshire Hathaway Coinbase Robinhood all rolled up into one. It’s my stock of the week because it’s very hard to understand what this company in fact is. Company came out, uh, this week, said sales last year fell 27%. Operating profits down 95%. This is a company operating over 3,200 stores around the world. US, its biggest market sales down 25% last year, but the market could care less that GameStop is a retailer because now apparently it has formed an investment committee led by controversial chairman and CEO, Ryan Cohen, who will look to potentially invest in Bitcoin. So my question to you out there, to the opening bid, uh, followers, is, what is GameStop? Is it a retailer? Uh, is it a cryptocurrency play? Is it a Warren Buffett and Berkshire Hathaway play? It is unclear to me. All it is is a high-risk investment because nobody knows what it does. That’s it for the stock of the week.