Attention, those of you who own GameStop Corp. (GME): GME has announced a voluntary stock buy back offer to its shareholders. More information on the stock buy back can be found here. The company is looking to purchase 12 million shares of outstanding stock, for no less than $5.20 per share and no more than $6 per share. Many of our clients who own GME may have already received correspondence from the company offering the buy back, with a deadline to participate of July 10th.
At this time, we are not recommending that clients participate in this stock buy back. If you own GME, we are recommending that you continue to hold your shares, and trade the Snider Method as usual.
If you have any questions, please don’t hesitate to contact us at support@snideradvisors.com or 1-888-6-SNIDER. We’ll be happy to answer any questions you might have regarding the stock buy back.
