GameStop Is Holding Nearly $9 Billion in Cash. What Does That Mean for GME Stock?

GameStop (GME) is once again at the center of Wall Street conversation, but this time the focus is squarely on its balance sheet. The company recently reported a cash and marketable securities position of about $9 billion, a figure that sits remarkably close to its $10.34 billion market value. This gives it far more financial flexibility than a typical specialty retailer, however, raising an obvious question about what management plans to do, especially as talk of mergers and acquisitions continues to buil ...