$GameStop(GME)$ Michael Pachte

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$GameStop(GME)$ Michael Pachter, a Wedbush analyst covering GameStop, said GameStop is not in a position to be profitable.

“They made $6 million last year and burned cash,” Pachter said. “We expect them to lose $100 million a year going forward. It’s a race to see if they can close stores fast enough to limit losses, but they have no plan that would suggest they can grow revenues or profits, and their core business is in decline.”

Sets price target at $7.[Sweats][LOL][LOL][LOL][Surprised]

Also, CNBC reported that retail trader inflow into GME is much smaller than it was 3 years ago.

Bad news all the way around. It's over. FYI[Sweats][LOL]

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XianLi
·05-20
The future looks grim for GameStop.
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BlithePullan
·05-20
[Neutral]
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BotakGuy
·05-20
Ok noted
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Please share you Insights or comments on companies or technologies of AI industry.","image":"https://community-static.tradeup.com/news/4603961061b4e1f67cb838e908cb17bf"}],"images":[{"img":"https://community-static.tradeup.com/news/3e0dfb09d3749930042e29b8c3322cd4","width":"480","height":"270"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/3e0dfb09d3749930042e29b8c3322cd4","width":"480","height":"270"}],"html":"<html><head></head><body> <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> <v-v data-views=\"0\"></v-v>Michael Pachter, a Wedbush analyst covering GameStop, said GameStop is not in a position to be profitable.“They made $6 million last year and burned cash,” Pachter said. “We expect them to lose $100 million a year going forward. It’s a race to see if they can close stores fast enough to limit losses, but they have no plan that would suggest they can grow revenues or profits, and their core business is in decline.”Sets price target at $7.[Sweats][LOL][LOL][LOL][Surprised]Also, CNBC reported that retail trader inflow into GME is much smaller than it was 3 years ago.Bad news all the way around. It's over. FYI[Sweats][LOL]&nbsp;<img src=\"https://community-static.tradeup.com/news/3e0dfb09d3749930042e29b8c3322cd4\" tg-width=\"480\" tg-height=\"270\"></body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> <v-v data-views=\"0\"></v-v>Michael Pachter, a Wedbush analyst covering GameStop, said GameStop is not in a position to be profitable.“They made $6 million last year and burned cash,” Pachter said. “We expect them to lose $100 million a year going forward. It’s a race to see if they can close stores fast enough to limit losses, but they have no plan that would suggest they can grow revenues or profits, and their core business is in decline.”Sets price target at $7.[Sweats][LOL][LOL][LOL][Surprised]Also, CNBC reported that retail trader inflow into GME is much smaller than it was 3 years ago.Bad news all the way around. It's over. FYI[Sweats][LOL]&nbsp;<img src=\"https://community-static.tradeup.com/news/3e0dfb09d3749930042e29b8c3322cd4\" tg-width=\"480\" tg-height=\"270\"></body></html>","text":"$GameStop(GME)$ Michael Pachter, a Wedbush analyst covering GameStop, said GameStop is not in a position to be profitable. “They made $6 million last year and burned cash,” Pachter said. “We expect them to lose $100 million a year going forward. It’s a race to see if they can close stores fast enough to limit losses, but they have no plan that would suggest they can grow revenues or profits, and their core business is in decline.” Sets price target at $7.[Sweats][LOL][LOL][LOL][Surprised] Also, CNBC reported that retail trader inflow into GME is much smaller than it was 3 years ago. Bad news all the way around. It's over. FYI[Sweats][LOL]","highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/307292934316112","repostId":0,"isVote":1,"tweetType":1,"viewCount":1827,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GME"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":539,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":307926399811704,"gmtCreate":1716181182887,"gmtModify":1716378855129,"authorId":3479274726989542,"author":{"id":3479274726989542,"authorId":3479274726989542,"name":"XianLi","avatar":"https://static.laohu8.com/picture58","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.02","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":307292934316112,"type":1,"supId":0,"prevId":0,"content":"The future looks grim for GameStop.","text":"The future looks grim for GameStop.","html":"The future looks grim for GameStop.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":307798097604680,"gmtCreate":1716181181561,"gmtModify":1716378855022,"authorId":9000000000000675,"author":{"id":9000000000000675,"authorId":9000000000000675,"name":"BlithePullan","avatar":"https://static.tigerbbs.com/9cc6c50814de5ac8ec7cd0ae334fd125","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":307292934316112,"type":1,"supId":0,"prevId":0,"content":"[Neutral]","text":"[Neutral]","html":"[Neutral]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":307760941916200,"gmtCreate":1716172196840,"gmtModify":1716172201855,"authorId":3557831813182222,"author":{"id":3557831813182222,"authorId":3557831813182222,"name":"BotakGuy","avatar":"https://community-static.tradeup.com/news/022cac584c2e108f4c8bfef1e94aa79d","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.35%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":307292934316112,"type":1,"supId":0,"prevId":0,"content":"Ok noted ","text":"Ok noted ","html":"Ok noted ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}