GameStop Corp.’s final decision to increase its investment decision policy to include equities is an “alarming” and “inane” go, according to analyst business Wedbush.
In a filing that accompanied the company’s 3rd-quarter final results Wednesday, GameStop
GME,
reported that its board of directors has accredited the new financial investment coverage, which allows the organization commit in equity securities, amid other investments. GameStop’s board has offered Chairman and Chief Govt Ryan Cohen the authority to control the expenditure portfolio, the filing additional.
“In a person of the most inane moves we have ever seen, GameStop’s Board of Administrators delegated authority