Michael Burry has revealed previously unknown details about his early involvement in the GameStop saga, publishing a 2019 email exchange with Keith Gill – better known as Roaring Kitty. According to Burry, both investors had concluded years before the legendary 2021 meme rally that GameStop was dramatically undervalued. In the newly posted letter, Burry urged GameStop’s board to authorize a $237.6 million share buyback, a move he argued could retire more than 80% of the company’s float and force a sharp price revaluation.
Gill fully supported Burry’s analysis at the time, calling GME’s price “absurdly low” and echoing the view that its fundamentals were far stronger than the market believed. The exchange shows the pair held aligned convictions long before retail investor enthusiasm transformed GameStop into a cultural and market phenomenon.
The disclosure adds fresh historical context to one of the most dramatic episodes in modern market history. It suggests that the seeds of the 2021 short squeeze were not purely grassroots hype but were grounded, at least in part, in earlier deep-value analysis shared by two of the saga’s most influential figures.
