Scion Asset Management founder Michael Burry recently staked out a 2.75 million share position in GameStop (NYSE: GME), for about a 3% holding. Burry, who famously called the subprime mortgage implosion and was the subject of the book and movie The Big Short, believes there is still value left in the video game retailer despite -- or perhaps because of -- its having lost 70% of its value in 2019.
As GameStop is scheduled to report its second-quarter earnings on Tuesday, September 10, let's take a look at what Burry might be expecting and whether investors may want to follow him into this company.
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