$GameStop(GME)$I would not be too surprised if Cohen eventually executes a similar head fake with GME stock. He could easily find a way to drive the shares up and then suddenly sell his entire stake, causing all of GameStop’s “meme premium,” if you will, to be erased.
GME stock is trading at1.7 times its trailing sales, well above the valuations of other, much more profitable retailers, such asNordstrom(NYSE:JWN), whosetrailing P/S ratiois 0.24 andBest Buy(NYSE:BBY), which has a trailing P/S ratio of 0.37.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments