Keith Gill, one of the most influential voices in the online community of GameStop bulls, is set to tell Congress that he thinks the market is still undervaluing shares of the game-seller.
Gill, better known by his online handles Roaring Kitty and DeepF__ingValue, is scheduled to testify at a House Financial Services Committee hearing Thursday.
“GameStop’s stock price may have gotten a bit ahead of itself last month, but I’m as bullish as I’ve ever been on a potential turnaround,” Gill says in his prepared testimony. “In short, I like the stock.”
Gill will testify that he invested in the company because he believed the market had overrated the chances that the company would go bankrupt and underrated its prospects for a turnaround.
“I believed the company was dramatically undervalued by the market. The prevailing analysis about GameStop’s impending doom was simply wrong,” he is set to testify.