Andy Wang was quoted in a Barron's article by Amey Stone.
How One RIA Stumbled Into a Huge Win in GameStop
GameStop, the distressed retailer turned social media darling, isn’t a typical stock holding at Runnymede Capital Management, a family-run wealth management firm based in Mendham, N.J.
Wang says he and his brother Chris, director of research at the firm, took notice of GameStop in the fall of 2020 when Ryan Cohen, the co-founder of online pet supply store Chewy, bought a large stake. (In April, GameStop announced Cohen would become chairman of the board on June 9.)
Chewy had already been a big winner for Runnymede and they were fans of Cohen. After looking at GameStop in more depth, “We realized that the thesis that it was going to be the next Blockbuster was not that simple,” Wang says, referring to the defunct movie retailer.
“Retail GameStop” by ccPixs.com is licensed under CC BY 2.0
Leave A Comment