Sure, but irrational enough not to short a $6 stock priced at $300?
Retail is a liability, and they're retail that's ESPECIALLY being eaten alive by online.
I personally don't buy it, particularly at $300 a share, but GME is not entirely bricks & mortar.
https://m.youtube.com/watch?v=alntJzg0Um4
I don’t fully buy it either but it’s not irrational. GameStop still sells a lot of games. Online is gradually taking over but it has been for what 20 years now and people still go to the store and consoles still have disk drives. B&M is not going away any time soon, and in some ways I think the hardest hits have already come and gone, what’s left now is likely to stay.
I think it's pretty clear that the days of physically buying games are quickly coming to an end. Years ago there were chains of computer software stores, and long after that, stores like Best Buy had huge computer software sections. The same thing will happen to games now that every console is connected to high speed internet.
Gamestop has lost money for the past two years, and it only shows signs of getting worse.
Retail may be a liability. But real estate is not.
GameStop has small stores that should shut down. However, they also a not insignifcant number bigger stores that can become "gaming places" once we get Covid under control.
Being a "Safe place for Mom to drop the kids to play Pokemon" has real value.
Not everything must be online.
Every GS I’ve ever seen is in a strip mall, where they are surely renting.