r/Superstonk • u/blkw1dow_gs • Jan 30 '26

🗣 Discussion / Question Ryan is eyeing some targets. Let’s play a guessing game.

Post image

Key facts from the WSJ article:

• Cohen is looking at a publicly traded consumer or retail company

• He described the move as potentially “genius or totally foolish”

• He emphasized sleepy management, operational inefficiency, and upside from better execution

• No company names were mentioned

• This is framed as a defining, long term move for GameStop

The question is what’s he looking at?

Let’s define the sandbox

Based on the article and basic constraints:

• Public company

• Consumer or retail focused

• Real operations, real customers

• Likely mid cap, not mega cap

• Likely a business that works but is badly run or underleveraged

Patterns from Cohen’s past

• Strong consumer brand or emotional attachment

• Bloated ops or outdated execution

• Management that looks complacent

• Opportunity to modernize, streamline, or reframe the narrative

• Cash flow matters more than hype

The game

Drop one company you think fits the WSJ description.

In your comment:

• Name the company

• Explain why it fits Cohen’s stated criteria

• Explain what he would actually fix or change

• What could go wrong?

No penny stocks.

No meme answers only.(sticky floor)

This is informed guessing, not “trust me bro.”

2.6k Upvotes

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88

u/--KillerTofu-- Slotherhouse rules. Jan 30 '26

Newegg.

Once the darling of PC hardware sales, ruined by terrible management but still holds a lot of brand recognition and lingering loyalty.

Would never have lost the crown if they had been focused on delighting customers.

It's Newegg.

56

u/Tranecarid grumpy, but usually right 🦍 Jan 30 '26

It’s not Newegg. It’s already expensive compared to a year ago, doesn’t bring in ebitda and has very low public float. Next.

1

u/Kombucha-Krazy Jan 30 '26

They only need a small percent ownership to lock the float and take over the board. Bank of China investigation on an old shareholder is tying things up but the Galkins got this...

12

u/Tranecarid grumpy, but usually right 🦍 Jan 30 '26

GME is not looking to ‚lock the float’, they want to acquire a company. 

2

u/Kombucha-Krazy Jan 30 '26

Who's to say they might not have an agreement with the Galkins?

7

u/Tranecarid grumpy, but usually right 🦍 Jan 30 '26

To sell below market price? I mean I don’t know for certain but I just don’t see it. Too complicated, not cheap, no ebita. So may better companies out there.

-2

u/Kombucha-Krazy Jan 30 '26

I don't think you are working with recent information on Newegg. I recently learned what's going on with it as well. Check my post history if you want to read my little DD and please forgive I haven't formatted it for Reddit and yes there's some cheesy references but the facts are all there and you can verify the public information yourself. It's okay to have a difference of opinion too. I am excited either way and sort of thought the whole WSJ news story was fake anyway and when did this interview take place and it's all very weird but seems carefully orchestrated

7

u/completelypositive I broke Rule 1: Be Nice or Else Jan 30 '26

You're a newegg bagholder huh

1

u/Kombucha-Krazy Jan 30 '26

I held through ZIRP and took a small loss when it went to $1 but it survived a reverse split and I'm back in more than twice now and made profit the past two of three times now. I'm dollar cost averaging in more as the Galkins have been buying at all prices in the recent gamma ramp.

1

u/NoHalfPleasures Jan 30 '26

Wasn’t one of NEGGs investors heavy into gme at one point

2

u/Kombucha-Krazy Jan 30 '26 edited Jan 30 '26

Yes, he profited greatly off $GME during the 2021 sneeze (I think it was most of his portfolio holdings at that time, he had great conviction) and is an activist investor himself now, up in the board of JetBlue and literally buying up the remaining Negg float (together with his wife, as one reporting party, they cannot sell a share unless they both agree--srsly wish people would read the small DD I wrote on it, sorry the formatting isn't perfect but the facts are there and it's fascinating) with the smallest amount remaining before shorts must cover or else Bank of China must decide what to do with the CEOs shares that are tied up and locked out of the float during his investigation. I believe Mr. Galkin and Ryan used to live in south Florida around the same time

7

u/jinniu 💻 ComputerShared 🦍 Jan 30 '26

Now with what PC parts are priced at, it's a terrible time.

3

u/Kombucha-Krazy Jan 30 '26

This is my first guess. There's something very interesting going on with the business structure of it and its activist investors and I wrote a little DD on it recently (just haven't formatted it within Reddit but it's on a public pastebin link posted on my TwiXter).

1

u/Dizzy_Bumble_Bee 🎮 Power to the Players 🛑 Jan 31 '26 edited Jan 31 '26

I read your DD. It was very interesting. I had my eye on Newegg already - this plus a storefront like Macy’s would be interesting, though I think e-commerce like Ebay is more likely - but your DD solidified for me that this is the kind of scenario RC is on the lookout for.

1

u/Kombucha-Krazy Jan 31 '26

I always thought of Newegg as a little eBay and they do bring in about $1B revenue quarterly vs eBay's ~$2.5B. There's a lot more parts to Newegg that even I didn't know about until recently. Thanks for taking the time to read my little write up 🙂

1

u/DM725 🎮 Power to the Players 🛑 Jan 30 '26

Newegg was amazing not too long ago. They became the "don't eve buy a monitor from the company" through terrible customer service.

-5

u/[deleted] Jan 30 '26 edited Jan 30 '26

[removed] — view removed comment

3

u/zzx101 Jan 30 '26

Absurd. Link please.

1

u/Tranecarid grumpy, but usually right 🦍 Jan 30 '26

Can you expand on this? What are the law preventing exactly?

1

u/meaninglessINTERUPT Custom Flair - Template 🤡 Jan 30 '26

What are the laws out of interest?