> Who would down vote this? It’s true.

It's not an answer to the question of a turnaround, and therefore low quality information? How much you have in assets does not correlate with the ongoing success of the business. Examining the day to day business of Gamestop and excluding the memestock shenanigans leaves a very bad business.

The core business has declining revenue - net sales 2016 $8.6b, 2025 $3.5b and still in decline. Cash flow from operations also continues to shrink.

Store footprint has shrunk.

The underlying business stinks, even if they made a ton of money selling stock, they haven't done anything significant to halt the spiral.

The entire conventional zeitgeist is denying plain truths that hurt your self image.

It seems consistent that the same thing would happen here.