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Silentxgold
2023-03-31
Today's the day
GameStop Out Of "Dirty Dozen" List But Is A "Melting Ice Cube:" Why Whitney Tilson Sees Stock Returning To Pre-Meme Levels
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day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941232468","repostId":"1132989775","repostType":2,"repost":{"id":"1132989775","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1680261969,"share":"https://ttm.financial/m/news/1132989775?lang=&edition=fundamental","pubTime":"2023-03-31 19:26","market":"us","language":"en","title":"GameStop Out Of \"Dirty Dozen\" List But Is A \"Melting Ice Cube:\" Why Whitney Tilson Sees Stock Returning To Pre-Meme Levels","url":"https://stock-news.laohu8.com/highlight/detail?id=1132989775","media":"Benzinga","summary":"ZINGER KEY POINTSGameStop returned to the black in the fourth quarter, thanks to refocusing efforts ","content":"<html><head></head><body><h4 style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul><li><p>GameStop returned to the black in the fourth quarter, thanks to refocusing efforts and cost cuts.</p></li><li><p>Last week, Tilson removed it from his list of "must avoid" stocks and expressed his admiration for the management team.</p></li></ul><p>Former hedge fund manager <strong>Whitney Tilson, </strong>who recently removed electronics retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> from the “Dirty Dozen” list of stocks to avoid, chimed in on the meme stock yet again.</p><p style=\"text-align: start;\"><strong>What Happened: </strong>“What GameStop is doing is smart,” Tilson said, adding this was the reason why he removed it from the “Dirty Dozen” list.</p><p style=\"text-align: start;\">To support his argument, he referred to a Wall Street Journal story that said GameStop is shrinking its way to profitability after its not-so-successful attempt to become an “e-commerce juggernaut” and an “online marketplace” for buying and selling non-fungible, or NFT, tokens.</p><p>Billionaire <strong>Ryan Cohen, </strong>who runs the show at GameStop, has slowed the e-commerce push to focus on its roughly 4,400 brick-and-mortar stores, the report said. The company has also slashed costs, which allowed it to record its first profit in two years in the fourth quarter, it added.</p><p style=\"text-align: start;\"><strong>Risk Remains: </strong>Despite taking GameStop off the “must-avoid stocks” list, Tilson is still wary of it.</p><p>“That said, I think the most likely outcome is that the company is now back to where it was before the meme stock foolishness – a melting ice cube – which makes its $6.8 billion market cap look very rich,” the former fund manager said.</p><p style=\"text-align: start;\">He noted that GameStop shares trade at one times enterprise value to revenue compared to only 0.4% for bigger rival <strong>Best Buy, Inc. </strong>BBY. The latter, the analyst said, is a “much better-positioned” business.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Out Of \"Dirty Dozen\" List But Is A \"Melting Ice Cube:\" Why Whitney Tilson Sees Stock Returning To Pre-Meme Levels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Out Of \"Dirty Dozen\" List But Is A \"Melting Ice Cube:\" Why Whitney Tilson Sees Stock Returning To Pre-Meme Levels\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-31 19:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h4 style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul><li><p>GameStop returned to the black in the fourth quarter, thanks to refocusing efforts and cost cuts.</p></li><li><p>Last week, Tilson removed it from his list of "must avoid" stocks and expressed his admiration for the management team.</p></li></ul><p>Former hedge fund manager <strong>Whitney Tilson, </strong>who recently removed electronics retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp.</a> from the “Dirty Dozen” list of stocks to avoid, chimed in on the meme stock yet again.</p><p style=\"text-align: start;\"><strong>What Happened: </strong>“What GameStop is doing is smart,” Tilson said, adding this was the reason why he removed it from the “Dirty Dozen” list.</p><p style=\"text-align: start;\">To support his argument, he referred to a Wall Street Journal story that said GameStop is shrinking its way to profitability after its not-so-successful attempt to become an “e-commerce juggernaut” and an “online marketplace” for buying and selling non-fungible, or NFT, tokens.</p><p>Billionaire <strong>Ryan Cohen, </strong>who runs the show at GameStop, has slowed the e-commerce push to focus on its roughly 4,400 brick-and-mortar stores, the report said. The company has also slashed costs, which allowed it to record its first profit in two years in the fourth quarter, it added.</p><p style=\"text-align: start;\"><strong>Risk Remains: </strong>Despite taking GameStop off the “must-avoid stocks” list, Tilson is still wary of it.</p><p>“That said, I think the most likely outcome is that the company is now back to where it was before the meme stock foolishness – a melting ice cube – which makes its $6.8 billion market cap look very rich,” the former fund manager said.</p><p style=\"text-align: start;\">He noted that GameStop shares trade at one times enterprise value to revenue compared to only 0.4% for bigger rival <strong>Best Buy, Inc. </strong>BBY. The latter, the analyst said, is a “much better-positioned” business.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132989775","content_text":"ZINGER KEY POINTSGameStop returned to the black in the fourth quarter, thanks to refocusing efforts and cost cuts.Last week, Tilson removed it from his list of \"must avoid\" stocks and expressed his admiration for the management team.Former hedge fund manager Whitney Tilson, who recently removed electronics retailer GameStop Corp. from the “Dirty Dozen” list of stocks to avoid, chimed in on the meme stock yet again.What Happened: “What GameStop is doing is smart,” Tilson said, adding this was the reason why he removed it from the “Dirty Dozen” list.To support his argument, he referred to a Wall Street Journal story that said GameStop is shrinking its way to profitability after its not-so-successful attempt to become an “e-commerce juggernaut” and an “online marketplace” for buying and selling non-fungible, or NFT, tokens.Billionaire Ryan Cohen, who runs the show at GameStop, has slowed the e-commerce push to focus on its roughly 4,400 brick-and-mortar stores, the report said. The company has also slashed costs, which allowed it to record its first profit in two years in the fourth quarter, it added.Risk Remains: Despite taking GameStop off the “must-avoid stocks” list, Tilson is still wary of it.“That said, I think the most likely outcome is that the company is now back to where it was before the meme stock foolishness – a melting ice cube – which makes its $6.8 billion market cap look very rich,” the former fund manager said.He noted that GameStop shares trade at one times enterprise value to revenue compared to only 0.4% for bigger rival Best Buy, Inc. BBY. The latter, the analyst said, is a “much better-positioned” business.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
