GameStop: No Good News, Exit Now

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About: GameStop Corp. (GME)
by: Michael Wiggins De Oliveira
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Summary

Guidance turns very sour.

Cash is unwisely deployed for share repurchases.

Investors are still able to exit the stock before it gets even worse.

Investment Thesis

At the start of September 2019 I noted in an article titled Stay On The Side:

[...] having a long position, despite its allure of investing in a fallen angel is just