Dell - agree with you.
Does at least keep Directors motivated, and would make a takeover harder - hence higher price for such an event...after consolidation.
I half-wonder if it's a defensive mechanism. Directors know GME's prospects, and their jobs would be at stake if a predator was willing to spend some 20-30m to beef up operations buying in 100 or so staff + facilities. After 2 years restructuring and now with great prospects, it would be great for us but sad for them.