Is GameStop a value play after Burry’s comments?

GME Michael Burry called out buying near 1x tangible book, which supports a value angle. Today the stock trades closer to 2.04x book and about 25.6x TTM earnings. That means the easy discount is gone. A stronger case needs proof on margins, free cash flow, and clear capital returns.

What risks should Canadians weigh before buying GME?

Expect high volatility, thin analyst coverage, and sentiment swings. FX costs and currency moves can change CAD returns. Execution risk is real as revenue trends remain soft. Keep position sizes small, use USD sub-accounts where possible, and review results, cash flow, and any buyback updates closely.

Which technical levels matter right now?

Watch the 200-day near US$24.11 and the 50-day near US$21.61. RSI around 48 is neutral, while ATR near 0.71 signals active swings. Price above the upper Bollinger Band can fade quickly. Define entries and exits and be ready to adjust if the GME rally loses momentum.

What should investors monitor into next earnings?

Focus on gross margin near 30.79%, inventory days around 79.7, and free cash flow per share near 1.27. Any plan on buybacks or capital use under Ryan Cohen is key. Guidance on demand and cost control will shape whether the GME Michael Burry value case holds up.

Global Market Insights

GME Stock Today: Burry Buying Fuels Value Case Amid Rally — January 28

ByHuzaifa Zahoor January 28, 2026January 28, 2026

GME Michael Burry sparked fresh interest in GameStop after saying he is buying shares as a value play near tangible book and backing Ryan Cohen’s discipline. GameStop (GME) traded at US$24.21 today, up 0.83%, with a 17.41% gain year to date. His stance moves attention from memes to fundamentals and capital deployment. For Canadians, trading occurs in U.S. dollars, so returns also reflect currency moves. Below we size up valuation, technicals, key dates, and portfolio fit.