Gamestop Stock – Week’s Best: GameStop Delivered a Surprise Windfall for One Wealth Manager
Late last year, when GameStop shares were changing hands for about $15 to $20, a value-oriented New Jersey RIA bet the stock could rise to $35. The firm’s partners thought a prevailing investor thesis—that GameStop would be the next Blockbuster—was simplistic. Little did they realize the extent of returns that lay ahead. “Sometimes it’s better to be lucky than good,” one partner jokes.
In other wealth management articles this week: