Author relays Michael Burry's stated long position in GameStop, citing tangible book value downside protection and Ryan Cohen's capital deployment as an asymmetric opportunity.
GME — LONG Michael Burry states he owns and has been buying GameStop, expecting to buy near 1x tangible book value / 1x net asset value. He argues the downside is protected by tangible asset value while Ryan Cohen invests and deploys the company's capital and cash flows, potentially for decades. He calls being long GameStop almost as asymmetric as it gets in U.S. common stocks today.
I own GME. I have been buying recently. I expect I am buying at what may soon be 1x tangible book value / 1x net asset value. And getting a young Ryan Cohen investing and deploying the company’s capital and cash flows. Perhaps for the next 50 years.
This Reddit post, published January 26, 2026, features u/heirofadam discussing GME. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/heirofadam · Tickers: GME