GameStop, the distressed retailer turned social media darling, isn’t a typical inventory holding at Runnymede Capital Administration, a family-run wealth administration agency based mostly in Mendham, N.J. Early this 12 months, the agency, which manages about $92 million in belongings and appears for shares which have cheap valuations and constant earnings progress, took a small place within the ailing online game retailer. GameStop then turned a shock winner for his or her purchasers—virtually by chance.
“Generally it’s higher to be fortunate than good,” jokes Andy…
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