Back home
17 June 2021
Back after a not so easy move back from England to France in the middle of the pandemic.
The markets remain atonic: almost nothing is happening. I reread the post from three months ago, where I said that as long as the screen would show a Gamestop price above $20 there would be nothing to do, it is still the case.
At that time Gamestop was worth close to $300, now it's just over $200, more than ten times its value. So Gamestop today is everything but the fundamentals - we'd rather not.
While waiting for this to change, we only have to count our dividends: received today €360,000 on our Orange shares, which are added to the €460,000 received in December. This makes €800,000 in nine months for an investment of €9.5M, or a yield of 8.4% over the period.
Have a good week,
Charles
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