GameStop should ditch retail and become a holding company like Warren Buffett's Berkshire Hathaway

Yahoo Finance06-20

It’s time for GameStop (GME) to stick a fork in its flailing retail operations and embrace a second life as a holding company in the mold of Warren Buffett's Berkshire Hathaway (BRK-A)(BRK-B). ...

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Guavaxf30
06-21
Guavaxf30
Yeah but hold what? $4b raised may seem a lot to me but it the world of big biz finance, this is quite modest. And Ryan Cohen will probably need to pay off a large chunk of this in restructuring cost when they wind down their retail.
HammerRegarded
06-21
HammerRegarded
Yea just fire thousands of people and keep allthe money for yourselves. Do these people who write these articles ever go back and reread this?

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He said he owned its stock five years ago, when it was trading at $4 a share, with the view its operations were being undervalued.Later, he sold the stock for $25 a share.But Gamestop is filled with fundamental woes as of late, which has raised the question if the Ryan Cohen led company is even a retailer anymore.The company continues to be pummeled by structural changes in the video gaming industry — from the switch to digital downloads, to competition for eyeballs with streamers like Netflix , to an aging console gaming base.“Berkshire Hathaway was a failing textile company when Warren Buffe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0149725797.USD":"汇丰美国股市经济规模基金","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4176":"多领域控股","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4532":"文艺复兴科技持仓","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4108":"电影和娱乐","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4566":"资本集团","BK4587":"ChatGPT概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4577":"网络游戏","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4527":"明星科技股","LU0971096721.USD":"富达环球金融服务 A","BK4588":"碎股","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","BK4550":"红杉资本持仓","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","NFLX":"奈飞","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","GME":"游戏驿站","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4547":"WSB热门概念","BRK.A":"伯克希尔","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4581":"高盛持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1046421795.USD":"富达环球科技A-ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BRK.B":"伯克希尔B","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC"},"translate_title":"游戏驿站应该放弃零售业，成为像Warren Buffett的Berkshire Hathaway那样的控股公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NFLX":1,"BRK.A":1,"BRK.B":1,"GME":1},"content_text":"It’s time for GameStop (GME) to stick a fork in its flailing retail operations and embrace a second life as a holding company in the mold of Warren Buffett's Berkshire Hathaway (BRK-A)(BRK-B).\nGameStop is “a totally different company now,” said retail expert and investor Jeff Macke on Yahoo Finance’s ‘Opening Bid’ podcast (video above; listen in here).\nThough he now refers to GameStop as a “dump truck,” Macke's sentiment wasn’t always so chilly. He said he owned its stock five years ago, when it was trading at $4 a share, with the view its operations were being undervalued. \nLater, he sold the stock for $25 a share. \n“I thought I was the genius of all time,” he said. \nBut Gamestop is filled with fundamental woes as of late, which has raised the question if the Ryan Cohen led company is even a retailer anymore. \nFiscal first-quarter results included a $32.3 million loss on revenue of $882 million. Notably, GameStop lost $50.5 million on revenue of $1.2 billion last year. \nThe company continues to be pummeled by structural changes in the video gaming industry — from the switch to digital downloads, to competition for eyeballs with streamers like Netflix (NFLX), to an aging console gaming base.\nCohen has basically went into hiding, not appearing on the company's notoriously short earnings calls. His plans for GameStop aren't known to his loyal Reddit followers or larger investors. C-suite execs have been exiting in the past two years.\nGameStop also no longer has any sell-side research coverage on Wall Street, a byproduct of the stock's insane volatility and Cohen's relative secrecy. \nAmid the latest batch of poor results, GameStop promoter Keith \"Roaring Kitty\" Gill returned to the scene on June 7 in a bizarre livestream; he once again touted the company, causing shares to enjoy a temporary, fleeting bump.\nThis follows a post on social media from Gill several weeks earlier — after a long absence — that many GameStop loyalists saw as bullish.\nCohen has used the frenzy to bolster GameStop's cash coffers.\nThe company received $2.1 billion last week after selling another 75 million new shares. Some three weeks earlier, it sold 45 million shares, netting $933 million.\nInvesting pros like Macke are wondering what Cohen will do with all the cash. Does he go out and buy companies like Berkshire Hathaway? Does he put it into Treasuries and individual stocks ala Buffett to earn a return?\nEither way, this sounds more akin to a CEO heading an asset management firm or holding entity, than one seeking to create amazing store experiences for shoppers.\nMacke views plowing money into physical stores as less-than-ideal, anyway.\nGameStop's dead mall locales and outdated merchandise models are two of its numerous problems, he contended.  \nInstead, he envisions a scenario where GameStop ditches the dead malls and tries to function as a holding company.\n“Berkshire Hathaway was a failing textile company when Warren Buffett took over,” he said, adding that GameStop looks more like “Berkshire Hathaway for suckers.” \nBut, with $3 billion to $4 billion in cash, the challenge is finding the best way to put that to work. “It won’t be in GameStop,” he adds. “It will be in other opportunities.”\nSpeaking of famed holding companies, billionaire Warren Buffett's son Howard G. Buffett hopped on the 'Opening Bid' podcast to discuss his father's decades long work at Berkshire Hathaway. Listen in below. \n\nGrace Williams is a writer for Yahoo Finance.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":319181138538688,"gmtCreate":1718938712464,"gmtModify":1718938716664,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"Yeah but hold what?&nbsp; $4b raised may seem a lot to me but it the world of big biz finance, this is quite modest. And Ryan Cohen will probably need to pay off a large chunk of this in restructuring cost when they wind down their retail.","listText":"Yeah but hold what?&nbsp; $4b raised may seem a lot to me but it the world of big biz finance, this is quite modest. And Ryan Cohen will probably need to pay off a large chunk of this in restructuring cost when they wind down their retail.","text":"Yeah but hold what? $4b raised may seem a lot to me but it the world of big biz finance, this is quite modest. And Ryan Cohen will probably need to pay off a large chunk of this in restructuring cost when they wind down their retail.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319181138538688","repostId":2444141592,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":319066252681304,"gmtCreate":1718910466149,"gmtModify":1718910470526,"author":{"id":"4167423522566752","authorId":"4167423522566752","name":"HammerRegarded","avatar":"https://community-static.tradeup.com/news/c3eb6f214db891c4a5ba2c8a80673308","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4167423522566752","authorIdStr":"4167423522566752"},"htmlText":"Yea just fire thousands of people and keep allthe money for yourselves. Do these people who write these articles ever go back and reread this?","listText":"Yea just fire thousands of people and keep allthe money for yourselves. Do these people who write these articles ever go back and reread this?","text":"Yea just fire thousands of people and keep allthe money for yourselves. Do these people who write these articles ever go back and reread this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319066252681304","repostId":2444141592,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444141592"}