Chairman and CEO Ryan Cohen spoke briefly during the highly anticipated gathering, emphasizing the company's focus on achieving profitability. Beyond Cohen's...
) fell as much as 15% during the struggling video game retailer 's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.
“We are focused on building shareholder value over the long term. We are not here to make promises, or hype things up. We’re here to work,” he added.GamesStop shares have been volatile over the past month amid the reemergence of retail trader Keith Gill, credited with sparking the meme frenzy of 2021.“Having a strong balance sheet especially in times of economic uncertainty is a strategic advantage,” Cohen said on Monday.
"The accounts showing my positions are mine. These are my positions. I'm not working with anybody else. I'm not working with hedge funds," he said.Gamestop's CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. “We are focused on building shareholder value over the long term,” Cohen said in short opening remarks at the top of the call.
Ryan Cohen Gamestop Stock Annual Shareholder Meeting Shareholder Value Highly Anticipated Video Game Retailer
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