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2021-06-09

Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.

Why This Millennial Is Rage-Buying AMC and Crypto

2021-04-16

$Solar Integrated Roofing Corporation(SIRC)$ For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.

2021-12-31

When motley says sells, it means buy [Happy]

5 Stocks I'd Sell Right Now

06-27

Whats an exit strategy?

GameStop Stock Analysis: The Case for Exiting GME Before It's Too Late

2021-02-27

$GameStop(GME)$ http://youtube.com/watch?v=hGeEXrR84XE&feature=emb_title

Go to Tiger App to see more news

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an exit strategy?","listText":"Whats an exit strategy?","text":"Whats an exit strategy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321091382087936","repostId":"2446820041","repostType":2,"repost":{"id":"2446820041","pubTimestamp":1719370269,"share":"https://ttm.financial/m/news/2446820041?lang=&edition=fundamental","pubTime":"2024-06-26 10:51","market":"us","language":"en","title":"GameStop Stock Analysis: The Case for Exiting GME Before It's Too Late","url":"https://stock-news.laohu8.com/highlight/detail?id=2446820041","media":"InvestorPlace","summary":"GameStop's fundamentals are broken, the valuation of GameStop stock is unattractive at this point and there is no clear path forward.","content":"<html><head></head><body><ul style=\"\"><li><p>GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.</p></li><li><p>The retailer does not seem to have a viable turnaround plan.</p></li><li><p>The technical indicators of GameStop stock are also poor. </p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4395a4d99b8a379dc649f61ade72bef5\" alt=\"Source: 1take1shot / Shutterstock.com\" title=\"Source: 1take1shot / Shutterstock.com\" tg-width=\"768\" tg-height=\"432\"/><span>Source: 1take1shot / Shutterstock.com</span></p><p>At this point, I don’t see any good reasons to buy or even hold GameStop stock. Fundamentally, the company’s business is contracting and its business model is broken while its CEO, Ryan Cohen, does not seem to have a viable plan to turn the company around.</p><p>Also importantly, the valuation of GameStop stock is not particularly attractive and Cohen has a mixed record at best. On a more technical level, the meme stock rallies that had propelled the shares higher in recent weeks could not be sustained and appear to be over. Finally, other large investors, including the company and Cohen himself, justifiably seem to be unenthusiastic about GameStop’s shares.In light of these points, I advise investors to immediately unload all of the GameStop stock that they own.</p><h2 id=\"id_2990787061\">Poor Fundamentals and a Broken Business Model</h2><p>As I noted in an April 30 column, investment bank Wedbush warned that GameStop’s revenue would fall $150 million to $200 million annually. Analyzing the retailer’s fourth-quarter results, the bank noted that the firm’s revenue had dropped sharply during the holiday shopping season due to lower demand for hardware, fewer major releases of video-game consoles, and a decline in sales of its more profitable video games. Specifically, the firm’s top line sank 20% during the quarter versus the same period a year earlier.</p><p>Importantly, Wedbush noted the company did not have a “clear strategy to replace lost games sales” and added, “it may have trouble trimming costs fast enough to stem the growth of its losses.”</p><p>So far Wedbush’s gloomy assessment has proven to be rather prophetic. That’s because the company’s Q1 sales sank a huge 29% year-over-year to $882 million while the cash burned by its operating activities climbed to $109.8 million from $102.7 million in Q1 of 2023. Moreover, its cash, equivalents and restricted cash at the end of March came in at $1.017 billion, down from $1.079 billion during the time in 2023.</p><p>In the past, I’ve noted GameStop’s business is being steadily eroded by the fact most video games can be easily downloaded from their manufacturers, eliminating the need for players to buy them from GameStop. According to The Asian Investor, a Seeking Alpha columnist, the company’s financial metrics are still sinking as a result of this ongoing trend.</p><p>And Cohen, its CEO, still does not appear to have a plan to reverse this trend as he continued to emphasize his cost-cutting strategy during its annual meeting last month. As the old saying goes, companies “can’t cut their way to profitability.”</p><h2 id=\"id_80175062\">Cohen’s Spotty Record and an Unattractive Valuation</h2><p>Some of those who are bullish on GameStop stock may be pinning their hopes on Cohen. That’s especially true because, in addition to being CEO, Cohen has obtained a major stake in the firm. What’s more, the company’s board gave him the authority to invest the company’s money in other stocks.</p><p>It is true Cohen did an admirable job of turning pet e-commerce company Chewy, which he co-founded and led as CEO from 2011 to 2018, into a very successful firm. But on the other hand, he later plowed a great deal of money into Bed Bath and Beyond which subsequently went bankrupt. And I can’t help but feel he could have found a more promising company in which to invest than GameStop. Further, Cohen, who has been chairman of GameStop since 2021 and became its CEO in September 2023, clearly has not found a way to revitalize the retailer.</p><p>On the valuation front, the shares have a forward price-to-sales ratio of about 2.5 times. That’s not a very attractive valuation for a company with a broken business model, falling sales and increasing cash burn.</p><h2 id=\"id_568901422\">Technical Indicators Are Also Negative</h2><p>The latest meme stock rally that briefly propelled GameStop’s shares to new heights only lasted several days before almost completely dissipating. Specifically, GameStop jumped from $17.46 on May 10 to nearly $65 on May 14. But it was all downhill from there and by May 17, the shares price was down to $22.21. The stock closed at $23.65 on June 24. The briefness of the rally strongly indicates that meme stock investors have largely lost their power to boost the shares over significant periods.</p><p>Similarly, GameStop’s decision to sell 75 million of its shares on June 12 at an average price of about $28.50, rather than waiting for higher prices or buying back shares, suggests that the company doesn’t expect the meme frenzy to return with a vengeance anytime soon. And I’ve seen no evidence that Cohen has bought anymore shares of the company this year.</p></body></html>","source":"investorplace_stock_picks","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 Stock Analysis: The Case for Exiting GME Before It's Too Late</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 Stock Analysis: The Case for Exiting GME Before It's Too Late\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-26 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.The retailer does not seem to have a viable turnaround plan.The technical indicators of GameStop stock are also ...</p>\n\n<a href=\"https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4200":"专卖店","BK4122":"互联网与直销零售","BK4076":"电脑与电子产品零售","BK4548":"巴美列捷福持仓","BK4577":"网络游戏","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4588":"碎股","GME":"游戏驿站"},"source_url":"https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446820041","content_text":"GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.The retailer does not seem to have a viable turnaround plan.The technical indicators of GameStop stock are also poor. Source: 1take1shot / Shutterstock.comAt this point, I don’t see any good reasons to buy or even hold GameStop stock. Fundamentally, the company’s business is contracting and its business model is broken while its CEO, Ryan Cohen, does not seem to have a viable plan to turn the company around.Also importantly, the valuation of GameStop stock is not particularly attractive and Cohen has a mixed record at best. On a more technical level, the meme stock rallies that had propelled the shares higher in recent weeks could not be sustained and appear to be over. Finally, other large investors, including the company and Cohen himself, justifiably seem to be unenthusiastic about GameStop’s shares.In light of these points, I advise investors to immediately unload all of the GameStop stock that they own.Poor Fundamentals and a Broken Business ModelAs I noted in an April 30 column, investment bank Wedbush warned that GameStop’s revenue would fall $150 million to $200 million annually. Analyzing the retailer’s fourth-quarter results, the bank noted that the firm’s revenue had dropped sharply during the holiday shopping season due to lower demand for hardware, fewer major releases of video-game consoles, and a decline in sales of its more profitable video games. Specifically, the firm’s top line sank 20% during the quarter versus the same period a year earlier.Importantly, Wedbush noted the company did not have a “clear strategy to replace lost games sales” and added, “it may have trouble trimming costs fast enough to stem the growth of its losses.”So far Wedbush’s gloomy assessment has proven to be rather prophetic. That’s because the company’s Q1 sales sank a huge 29% year-over-year to $882 million while the cash burned by its operating activities climbed to $109.8 million from $102.7 million in Q1 of 2023. Moreover, its cash, equivalents and restricted cash at the end of March came in at $1.017 billion, down from $1.079 billion during the time in 2023.In the past, I’ve noted GameStop’s business is being steadily eroded by the fact most video games can be easily downloaded from their manufacturers, eliminating the need for players to buy them from GameStop. According to The Asian Investor, a Seeking Alpha columnist, the company’s financial metrics are still sinking as a result of this ongoing trend.And Cohen, its CEO, still does not appear to have a plan to reverse this trend as he continued to emphasize his cost-cutting strategy during its annual meeting last month. As the old saying goes, companies “can’t cut their way to profitability.”Cohen’s Spotty Record and an Unattractive ValuationSome of those who are bullish on GameStop stock may be pinning their hopes on Cohen. That’s especially true because, in addition to being CEO, Cohen has obtained a major stake in the firm. What’s more, the company’s board gave him the authority to invest the company’s money in other stocks.It is true Cohen did an admirable job of turning pet e-commerce company Chewy, which he co-founded and led as CEO from 2011 to 2018, into a very successful firm. But on the other hand, he later plowed a great deal of money into Bed Bath and Beyond which subsequently went bankrupt. And I can’t help but feel he could have found a more promising company in which to invest than GameStop. Further, Cohen, who has been chairman of GameStop since 2021 and became its CEO in September 2023, clearly has not found a way to revitalize the retailer.On the valuation front, the shares have a forward price-to-sales ratio of about 2.5 times. That’s not a very attractive valuation for a company with a broken business model, falling sales and increasing cash burn.Technical Indicators Are Also NegativeThe latest meme stock rally that briefly propelled GameStop’s shares to new heights only lasted several days before almost completely dissipating. Specifically, GameStop jumped from $17.46 on May 10 to nearly $65 on May 14. But it was all downhill from there and by May 17, the shares price was down to $22.21. The stock closed at $23.65 on June 24. The briefness of the rally strongly indicates that meme stock investors have largely lost their power to boost the shares over significant periods.Similarly, GameStop’s decision to sell 75 million of its shares on June 12 at an average price of about $28.50, rather than waiting for higher prices or buying back shares, suggests that the company doesn’t expect the meme frenzy to return with a vengeance anytime soon. And I’ve seen no evidence that Cohen has bought anymore shares of the company this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003321748,"gmtCreate":1640882316613,"gmtModify":1676533551011,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574895927609175","idStr":"3574895927609175"},"themes":[],"htmlText":"When motley says sells, it means buy&nbsp;[Happy]&nbsp;","listText":"When motley says sells, it means buy&nbsp;[Happy]&nbsp;","text":"When motley says sells, it means buy [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003321748","repostId":"2195545489","repostType":2,"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189149966,"gmtCreate":1623249173455,"gmtModify":1704199367231,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574895927609175","idStr":"3574895927609175"},"themes":[],"htmlText":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.&nbsp;","listText":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.&nbsp;","text":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189149966","repostId":"1188697627","repostType":4,"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347547443,"gmtCreate":1618505065682,"gmtModify":1704712015459,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574895927609175","idStr":"3574895927609175"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a> For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a> For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","text":"$Solar Integrated Roofing Corporation(SIRC)$ For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347547443","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366366555,"gmtCreate":1614396375877,"gmtModify":1704771532153,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574895927609175","idStr":"3574895927609175"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a> http://youtube.com/watch?v=hGeEXrR84XE&amp;feature=emb_title","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a> http://youtube.com/watch?v=hGeEXrR84XE&amp;feature=emb_title","text":"$GameStop(GME)$ http://youtube.com/watch?v=hGeEXrR84XE&feature=emb_title","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366366555","isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":189149966,"gmtCreate":1623249173455,"gmtModify":1704199367231,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574895927609175","authorIdStr":"3574895927609175"},"themes":[],"htmlText":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.&nbsp;","listText":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.&nbsp;","text":"Fool. Citadel securities is a market maker, citadel llc IS a hedgefund. And no retail aren't rage-driven. Retail simply caught these market makers pants down in their act of manipulation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189149966","repostId":"1188697627","repostType":4,"repost":{"id":"1188697627","pubTimestamp":1623247497,"share":"https://ttm.financial/m/news/1188697627?lang=&edition=fundamental","pubTime":"2021-06-09 22:04","market":"us","language":"en","title":"Why This Millennial Is Rage-Buying AMC and Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1188697627","media":"Barron's","summary":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that ","content":"<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.</p>\n<p>Working-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.</p>\n<p>After a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”</p>\n<p>Marx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.</p>\n<p>As a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”</p>\n<p>Perhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.</p>\n<p>Millennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)</p>\n<p>If all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.</p>\n<p>There’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.</p>\n<p>In March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.</p>\n<p>When that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.</p>\n<p>Millennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.</p>\n<p><b>Corrections &amp; Amplifications</b>: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. An earlier version of this commentary incorrectly reported that a subsidiary of Citadel Securities held a short position in GameStop.</p>","source":"lsy1610680873436","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>Why This Millennial Is Rage-Buying AMC and Crypto</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\">\nWhy This Millennial Is Rage-Buying AMC and Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188697627","content_text":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.\nWorking-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.\nAfter a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”\nMarx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.\nAs a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”\nPerhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.\nMillennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)\nIf all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.\nThere’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.\nIn March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.\nWhen that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.\nMillennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.\nCorrections & Amplifications: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. An earlier version of this commentary incorrectly reported that a subsidiary of Citadel Securities held a short position in GameStop.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347547443,"gmtCreate":1618505065682,"gmtModify":1704712015459,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574895927609175","authorIdStr":"3574895927609175"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a> For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a> For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","text":"$Solar Integrated Roofing Corporation(SIRC)$ For an SIRC turnaround, it is the responsibility for David Massey to make the company profitable, eradicate all the inherited debt -- and perhaps wait for Joe Biden's infrastructure plan to be approved. Still bullish on this company, they've made moves to acquire the relevant pieces to be a one-stop shop for all things clean energy, now it is time to keep the house in order, tidy up the balance sheet and gain investor's trust again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347547443","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003321748,"gmtCreate":1640882316613,"gmtModify":1676533551011,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574895927609175","authorIdStr":"3574895927609175"},"themes":[],"htmlText":"When motley says sells, it means buy&nbsp;[Happy]&nbsp;","listText":"When motley says sells, it means buy&nbsp;[Happy]&nbsp;","text":"When motley says sells, it means buy [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003321748","repostId":"2195545489","repostType":2,"repost":{"id":"2195545489","pubTimestamp":1640780993,"share":"https://ttm.financial/m/news/2195545489?lang=&edition=fundamental","pubTime":"2021-12-29 20:29","market":"us","language":"en","title":"5 Stocks I'd Sell Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2195545489","media":"Motley Fool","summary":"These could be some of the worst-performing and riskiest investments in 2022.","content":"<html><head></head><body><p>For many investors, the New Year is a time of reflection. They&#39;re thinking about what trends they want to buy into for the upcoming year and what stocks might help make them rich.</p><p>However, reflection is a two-way street. Just as there are great companies that can make investors wealthy, there are stocks that could cost investors a lot of money and should be avoided at all costs. Below are five stocks investors should consider selling right now.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a8aaeae4465770036314f05da71f414\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>AMC Entertainment</h2><p>It&#39;s no secret that I believe movie theater chain <b>AMC Entertainment</b> (NYSE:AMC) is the most overvalued stock on Wall Street.</p><p>For those of you who may not have followed the AMC &#34;made for TV drama&#34; that&#39;s occurred this year, the company&#39;s shares are up more than 1,200% following an epic short squeeze earlier this year. Short-sellers (investors betting on a security&#39;s price to decline) were caught off-guard when AMC was able to save itself from imminent bankruptcy by selling 164 million shares of stock and issuing high-interest debt. But with this short squeeze now in the rearview mirror, AMC&#39;s abysmal operating performance, bloated balance sheet, and declining bargaining power with movie studios are in plain view.</p><p>For example, before the pandemic took effect, AMC was regularly securing theatrical exclusivity deals of 75 to 90 days. Nowadays, AMC is lucky to secure 45-day theatrical exclusivity. Even taking into account that most revenue is picked up in the first couple of weeks, this 30- to 45-day reduction in exclusivity is going to pinch AMC. It&#39;s also bad news considering that inflation-adjusted domestic box office sales have been in decline since 2002.</p><p>The bigger issue, as I&#39;ve stated over and over, is AMC can&#39;t make good on its liabilities. It has $5.45 billion in outstanding debt at roughly an 8% average interest rate. Keep that rate in mind, because lending rates are pretty much at historic lows. It also has over $1 billion in aggregate debt due in late 2026 and mid-2027 that&#39;s valued at more than 30% below face value. With the company hemorrhaging cash and not able to sell any additional stock thanks to its impassioned but misguided retail investors, it looks to be making a slow walk toward a chapter 11 bankruptcy reorganization.</p><p>Suffice it to say, AMC Entertainment is a stock investors can confidently sell right now.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b45c4bd410befdb22fd801c7758dfb71\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>MicroStrategy</h2><p>A second stock investors should strongly consider selling right now is &#34;enterprise analytics software company&#34; <b>MicroStrategy</b> (NASDAQ:MSTR). I have &#34;enterprise analytics software company&#34; in quotations because CEO Michael Saylor has effectively ignored this stagnant part of the company&#39;s operations and turned MicroStrategy into a leveraged gamble on <b>Bitcoin</b> (CRYPTO:BTC).</p><p>According to the company&#39;s investor presentation earlier this month, it&#39;s holding 122,478 Bitcoin at an average price of $29,861.  The issue with this strategy is threefold, in my view.</p><p>First, I&#39;m not convinced Bitcoin is a sound investment. I recently outlined my views on Bitcoin, which centers on its false scarcity and it&#39;s less-than-stellar network performance. Bitcoin is constantly being out-innovated when it comes to payments and nonfinancial blockchain applications.</p><p>Second, MicroStrategy destroyed a reasonably safe balance sheet by piling on more than $2 billion in debt and issuing $900 million in stock, all of which was used to buy Bitcoin. Saylor has leveraged a public company&#39;s future on an asset that produces nothing.</p><p>And third, I believe Saylor is a poor leader. Earlier this year, Saylor told the world in an interview to &#34;go mortgage your house and buy Bitcoin with it.&#34; This is <i>incredibly</i> <i>bad</i> <i>advice</i>, and all the more reason to avoid MicroStrategy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a442339ef77177eb97fecfa070c7ac0\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Cassava Sciences</h2><p>Another stock investors can sell right now is clinical-stage biotech stock <b>Cassava Sciences</b> (NASDAQ:SAVA).</p><p>Cassava made waves in the first quarter when it announced positive interim analysis data from its open-label study of simufilam for patients with Alzheimer&#39;s disease. The data showed both cognition and behavior score improvements at the six-month mark. Since Alzheimer&#39;s has no cure, any positive clinical data tends to be well-received.</p><p>But there are two glaring issues that should send folks scurrying to the sidelines. First of all, the track record of success for clinical-stage therapeutics targeting Alzheimer&#39;s disease is incredibly low. While we&#39;ve witnessed plenty of early stage success, virtually all late-stage Alzheimer&#39;s trials end in failure. This isn&#39;t a knock against the research, so much as recognizing that tackling the blood-brain barrier is tricky.</p><p>The second concern is that Cassava Sciences is facing allegations of manipulating its trial data. The company also announced in November that federal agencies are investigating its practices, without specifically naming the federal agencies in question. Keeping in mind that some of the allegations have come from firms shorting the stock, this is a headache you&#39;re better off letting someone else deal with.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3b1defb6dba4980112c9a56af41a57c\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>GameStop</h2><p>Investors should also considering selling the original meme stock, <b>GameStop</b> (NYSE:GME).</p><p>A few weeks before AMC ascended to the heavens on its short squeeze, GameStop&#39;s high short interest attracted retail investors. In fact, GameStop&#39;s short interest was higher than any publicly traded company, as of mid-January, making it the perfect candidate for an epic squeeze. However, with this short-term event now over, investors are forced to grapple with GameStop&#39;s poor operating performance.</p><p>On the positive side, GameStop was able to raise sufficient capital from selling its stock to rid its balance sheet of debt. This net-cash position, coupled with the long-term growth potential of digital gaming, means there are no bankruptcy concerns, unlike with AMC.</p><p>But GameStop was notably late in shifting its strategy to include digital gaming. Nowadays, the company is busy shuttering stores in an effort to lower its expenses and back its way into the profit column. The company&#39;s large brick-and-mortar presence is expected to work against it for the foreseeable future, and could keep it from profitability for a few years.</p><p>Further, Wall Street has been unimpressed with management&#39;s lack of concrete steps that&#39;ll be taken to turn the business around. Even with a hefty cash balance, GameStop is grossly overvalued.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2bd808070a9dde55f37210b59edc2e23\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"/><span>A Tesla Model S charging. Image source: Tesla Motors.</span></p><h2>Tesla Motors</h2><p>Last, but certainly not least, investors should consider giving electric vehicle (EV) manufacturer <b>Tesla Motors</b> (NASDAQ:TSLA) the boot.</p><p>Tesla has managed to do a lot of great things with its first-mover advantage. The company is on pace to deliver more than 800,000 EVs in 2021, and CEO Elon Musk has watched his company deliver its two largest operating profits since inception this year. The range, capacity, and power associated with Tesla&#39;s batteries has been superior as well.</p><p>Yet, these competitive advantages are unlikely to last given that all of the world&#39;s largest auto companies are throwing billions of dollars at EV research. For instance, <b>General Motors</b> and <b>Ford Motor Company</b> are respectively investing $35 billion and $30 billion in next-generation automobiles, with both companies bringing 30 new EVs to market by 2025. Tesla&#39;s first-mover advantage will fade sooner than later.</p><p>What&#39;s more, Tesla&#39;s income statement has been aided by selling Bitcoin at a profit earlier this year, as well as selling renewable energy credits (RECs) to other automakers. Take away these RECs and Tesla&#39;s profits aren&#39;t even remotely as impressive.</p><p>Valued at nearly 130 times Wall Street&#39;s forward-year earnings in an industry where single-digit earnings multiples are commonplace, I&#39;d have to think Tesla&#39;s stock is due for a major reversion.</p></body></html>","source":"fool_stock","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>5 Stocks I'd Sell Right Now</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\">\n5 Stocks I'd Sell Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/29/5-stocks-id-sell-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For many investors, the New Year is a time of reflection. They're thinking about what trends they want to buy into for the upcoming year and what stocks might help make them rich.However, reflection ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/29/5-stocks-id-sell-right-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","SAVA":"Cassava Sciences Inc","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4547":"WSB热门概念","BK4527":"明星科技股","MSTR":"MicroStrategy Incorporated","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4023":"应用软件","BK4007":"制药","TSLA":"特斯拉","BK4099":"汽车制造商","AMC":"AMC院线","BK4076":"电脑与电子产品零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4534":"瑞士信贷持仓","BK4108":"电影和娱乐"},"source_url":"https://www.fool.com/investing/2021/12/29/5-stocks-id-sell-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195545489","content_text":"For many investors, the New Year is a time of reflection. They're thinking about what trends they want to buy into for the upcoming year and what stocks might help make them rich.However, reflection is a two-way street. Just as there are great companies that can make investors wealthy, there are stocks that could cost investors a lot of money and should be avoided at all costs. Below are five stocks investors should consider selling right now.Image source: Getty Images.AMC EntertainmentIt's no secret that I believe movie theater chain AMC Entertainment (NYSE:AMC) is the most overvalued stock on Wall Street.For those of you who may not have followed the AMC \"made for TV drama\" that's occurred this year, the company's shares are up more than 1,200% following an epic short squeeze earlier this year. Short-sellers (investors betting on a security's price to decline) were caught off-guard when AMC was able to save itself from imminent bankruptcy by selling 164 million shares of stock and issuing high-interest debt. But with this short squeeze now in the rearview mirror, AMC's abysmal operating performance, bloated balance sheet, and declining bargaining power with movie studios are in plain view.For example, before the pandemic took effect, AMC was regularly securing theatrical exclusivity deals of 75 to 90 days. Nowadays, AMC is lucky to secure 45-day theatrical exclusivity. Even taking into account that most revenue is picked up in the first couple of weeks, this 30- to 45-day reduction in exclusivity is going to pinch AMC. It's also bad news considering that inflation-adjusted domestic box office sales have been in decline since 2002.The bigger issue, as I've stated over and over, is AMC can't make good on its liabilities. It has $5.45 billion in outstanding debt at roughly an 8% average interest rate. Keep that rate in mind, because lending rates are pretty much at historic lows. It also has over $1 billion in aggregate debt due in late 2026 and mid-2027 that's valued at more than 30% below face value. With the company hemorrhaging cash and not able to sell any additional stock thanks to its impassioned but misguided retail investors, it looks to be making a slow walk toward a chapter 11 bankruptcy reorganization.Suffice it to say, AMC Entertainment is a stock investors can confidently sell right now.Image source: Getty Images.MicroStrategyA second stock investors should strongly consider selling right now is \"enterprise analytics software company\" MicroStrategy (NASDAQ:MSTR). I have \"enterprise analytics software company\" in quotations because CEO Michael Saylor has effectively ignored this stagnant part of the company's operations and turned MicroStrategy into a leveraged gamble on Bitcoin (CRYPTO:BTC).According to the company's investor presentation earlier this month, it's holding 122,478 Bitcoin at an average price of $29,861.  The issue with this strategy is threefold, in my view.First, I'm not convinced Bitcoin is a sound investment. I recently outlined my views on Bitcoin, which centers on its false scarcity and it's less-than-stellar network performance. Bitcoin is constantly being out-innovated when it comes to payments and nonfinancial blockchain applications.Second, MicroStrategy destroyed a reasonably safe balance sheet by piling on more than $2 billion in debt and issuing $900 million in stock, all of which was used to buy Bitcoin. Saylor has leveraged a public company's future on an asset that produces nothing.And third, I believe Saylor is a poor leader. Earlier this year, Saylor told the world in an interview to \"go mortgage your house and buy Bitcoin with it.\" This is incredibly bad advice, and all the more reason to avoid MicroStrategy.Image source: Getty Images.Cassava SciencesAnother stock investors can sell right now is clinical-stage biotech stock Cassava Sciences (NASDAQ:SAVA).Cassava made waves in the first quarter when it announced positive interim analysis data from its open-label study of simufilam for patients with Alzheimer's disease. The data showed both cognition and behavior score improvements at the six-month mark. Since Alzheimer's has no cure, any positive clinical data tends to be well-received.But there are two glaring issues that should send folks scurrying to the sidelines. First of all, the track record of success for clinical-stage therapeutics targeting Alzheimer's disease is incredibly low. While we've witnessed plenty of early stage success, virtually all late-stage Alzheimer's trials end in failure. This isn't a knock against the research, so much as recognizing that tackling the blood-brain barrier is tricky.The second concern is that Cassava Sciences is facing allegations of manipulating its trial data. The company also announced in November that federal agencies are investigating its practices, without specifically naming the federal agencies in question. Keeping in mind that some of the allegations have come from firms shorting the stock, this is a headache you're better off letting someone else deal with.Image source: Getty Images.GameStopInvestors should also considering selling the original meme stock, GameStop (NYSE:GME).A few weeks before AMC ascended to the heavens on its short squeeze, GameStop's high short interest attracted retail investors. In fact, GameStop's short interest was higher than any publicly traded company, as of mid-January, making it the perfect candidate for an epic squeeze. However, with this short-term event now over, investors are forced to grapple with GameStop's poor operating performance.On the positive side, GameStop was able to raise sufficient capital from selling its stock to rid its balance sheet of debt. This net-cash position, coupled with the long-term growth potential of digital gaming, means there are no bankruptcy concerns, unlike with AMC.But GameStop was notably late in shifting its strategy to include digital gaming. Nowadays, the company is busy shuttering stores in an effort to lower its expenses and back its way into the profit column. The company's large brick-and-mortar presence is expected to work against it for the foreseeable future, and could keep it from profitability for a few years.Further, Wall Street has been unimpressed with management's lack of concrete steps that'll be taken to turn the business around. Even with a hefty cash balance, GameStop is grossly overvalued.A Tesla Model S charging. Image source: Tesla Motors.Tesla MotorsLast, but certainly not least, investors should consider giving electric vehicle (EV) manufacturer Tesla Motors (NASDAQ:TSLA) the boot.Tesla has managed to do a lot of great things with its first-mover advantage. The company is on pace to deliver more than 800,000 EVs in 2021, and CEO Elon Musk has watched his company deliver its two largest operating profits since inception this year. The range, capacity, and power associated with Tesla's batteries has been superior as well.Yet, these competitive advantages are unlikely to last given that all of the world's largest auto companies are throwing billions of dollars at EV research. For instance, General Motors and Ford Motor Company are respectively investing $35 billion and $30 billion in next-generation automobiles, with both companies bringing 30 new EVs to market by 2025. Tesla's first-mover advantage will fade sooner than later.What's more, Tesla's income statement has been aided by selling Bitcoin at a profit earlier this year, as well as selling renewable energy credits (RECs) to other automakers. Take away these RECs and Tesla's profits aren't even remotely as impressive.Valued at nearly 130 times Wall Street's forward-year earnings in an industry where single-digit earnings multiples are commonplace, I'd have to think Tesla's stock is due for a major reversion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321091382087936,"gmtCreate":1719422101882,"gmtModify":1719422108917,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574895927609175","authorIdStr":"3574895927609175"},"themes":[],"htmlText":"Whats an exit strategy?","listText":"Whats an exit strategy?","text":"Whats an exit strategy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321091382087936","repostId":"2446820041","repostType":2,"repost":{"id":"2446820041","pubTimestamp":1719370269,"share":"https://ttm.financial/m/news/2446820041?lang=&edition=fundamental","pubTime":"2024-06-26 10:51","market":"us","language":"en","title":"GameStop Stock Analysis: The Case for Exiting GME Before It's Too Late","url":"https://stock-news.laohu8.com/highlight/detail?id=2446820041","media":"InvestorPlace","summary":"GameStop's fundamentals are broken, the valuation of GameStop stock is unattractive at this point and there is no clear path forward.","content":"<html><head></head><body><ul style=\"\"><li><p>GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.</p></li><li><p>The retailer does not seem to have a viable turnaround plan.</p></li><li><p>The technical indicators of GameStop stock are also poor. </p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4395a4d99b8a379dc649f61ade72bef5\" alt=\"Source: 1take1shot / Shutterstock.com\" title=\"Source: 1take1shot / Shutterstock.com\" tg-width=\"768\" tg-height=\"432\"/><span>Source: 1take1shot / Shutterstock.com</span></p><p>At this point, I don’t see any good reasons to buy or even hold GameStop stock. Fundamentally, the company’s business is contracting and its business model is broken while its CEO, Ryan Cohen, does not seem to have a viable plan to turn the company around.</p><p>Also importantly, the valuation of GameStop stock is not particularly attractive and Cohen has a mixed record at best. On a more technical level, the meme stock rallies that had propelled the shares higher in recent weeks could not be sustained and appear to be over. Finally, other large investors, including the company and Cohen himself, justifiably seem to be unenthusiastic about GameStop’s shares.In light of these points, I advise investors to immediately unload all of the GameStop stock that they own.</p><h2 id=\"id_2990787061\">Poor Fundamentals and a Broken Business Model</h2><p>As I noted in an April 30 column, investment bank Wedbush warned that GameStop’s revenue would fall $150 million to $200 million annually. Analyzing the retailer’s fourth-quarter results, the bank noted that the firm’s revenue had dropped sharply during the holiday shopping season due to lower demand for hardware, fewer major releases of video-game consoles, and a decline in sales of its more profitable video games. Specifically, the firm’s top line sank 20% during the quarter versus the same period a year earlier.</p><p>Importantly, Wedbush noted the company did not have a “clear strategy to replace lost games sales” and added, “it may have trouble trimming costs fast enough to stem the growth of its losses.”</p><p>So far Wedbush’s gloomy assessment has proven to be rather prophetic. That’s because the company’s Q1 sales sank a huge 29% year-over-year to $882 million while the cash burned by its operating activities climbed to $109.8 million from $102.7 million in Q1 of 2023. Moreover, its cash, equivalents and restricted cash at the end of March came in at $1.017 billion, down from $1.079 billion during the time in 2023.</p><p>In the past, I’ve noted GameStop’s business is being steadily eroded by the fact most video games can be easily downloaded from their manufacturers, eliminating the need for players to buy them from GameStop. According to The Asian Investor, a Seeking Alpha columnist, the company’s financial metrics are still sinking as a result of this ongoing trend.</p><p>And Cohen, its CEO, still does not appear to have a plan to reverse this trend as he continued to emphasize his cost-cutting strategy during its annual meeting last month. As the old saying goes, companies “can’t cut their way to profitability.”</p><h2 id=\"id_80175062\">Cohen’s Spotty Record and an Unattractive Valuation</h2><p>Some of those who are bullish on GameStop stock may be pinning their hopes on Cohen. That’s especially true because, in addition to being CEO, Cohen has obtained a major stake in the firm. What’s more, the company’s board gave him the authority to invest the company’s money in other stocks.</p><p>It is true Cohen did an admirable job of turning pet e-commerce company Chewy, which he co-founded and led as CEO from 2011 to 2018, into a very successful firm. But on the other hand, he later plowed a great deal of money into Bed Bath and Beyond which subsequently went bankrupt. And I can’t help but feel he could have found a more promising company in which to invest than GameStop. Further, Cohen, who has been chairman of GameStop since 2021 and became its CEO in September 2023, clearly has not found a way to revitalize the retailer.</p><p>On the valuation front, the shares have a forward price-to-sales ratio of about 2.5 times. That’s not a very attractive valuation for a company with a broken business model, falling sales and increasing cash burn.</p><h2 id=\"id_568901422\">Technical Indicators Are Also Negative</h2><p>The latest meme stock rally that briefly propelled GameStop’s shares to new heights only lasted several days before almost completely dissipating. Specifically, GameStop jumped from $17.46 on May 10 to nearly $65 on May 14. But it was all downhill from there and by May 17, the shares price was down to $22.21. The stock closed at $23.65 on June 24. The briefness of the rally strongly indicates that meme stock investors have largely lost their power to boost the shares over significant periods.</p><p>Similarly, GameStop’s decision to sell 75 million of its shares on June 12 at an average price of about $28.50, rather than waiting for higher prices or buying back shares, suggests that the company doesn’t expect the meme frenzy to return with a vengeance anytime soon. And I’ve seen no evidence that Cohen has bought anymore shares of the company this year.</p></body></html>","source":"investorplace_stock_picks","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 Stock Analysis: The Case for Exiting GME Before It's Too Late</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 Stock Analysis: The Case for Exiting GME Before It's Too Late\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-26 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.The retailer does not seem to have a viable turnaround plan.The technical indicators of GameStop stock are also ...</p>\n\n<a href=\"https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4200":"专卖店","BK4122":"互联网与直销零售","BK4076":"电脑与电子产品零售","BK4548":"巴美列捷福持仓","BK4577":"网络游戏","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4588":"碎股","GME":"游戏驿站"},"source_url":"https://investorplace.com/2024/06/gamestop-stock-analysis-the-case-for-exiting-gme-before-its-too-late/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446820041","content_text":"GameStop’s fundamentals are broken, and the valuation of GameStop stock is unattractive.The retailer does not seem to have a viable turnaround plan.The technical indicators of GameStop stock are also poor. Source: 1take1shot / Shutterstock.comAt this point, I don’t see any good reasons to buy or even hold GameStop stock. Fundamentally, the company’s business is contracting and its business model is broken while its CEO, Ryan Cohen, does not seem to have a viable plan to turn the company around.Also importantly, the valuation of GameStop stock is not particularly attractive and Cohen has a mixed record at best. On a more technical level, the meme stock rallies that had propelled the shares higher in recent weeks could not be sustained and appear to be over. Finally, other large investors, including the company and Cohen himself, justifiably seem to be unenthusiastic about GameStop’s shares.In light of these points, I advise investors to immediately unload all of the GameStop stock that they own.Poor Fundamentals and a Broken Business ModelAs I noted in an April 30 column, investment bank Wedbush warned that GameStop’s revenue would fall $150 million to $200 million annually. Analyzing the retailer’s fourth-quarter results, the bank noted that the firm’s revenue had dropped sharply during the holiday shopping season due to lower demand for hardware, fewer major releases of video-game consoles, and a decline in sales of its more profitable video games. Specifically, the firm’s top line sank 20% during the quarter versus the same period a year earlier.Importantly, Wedbush noted the company did not have a “clear strategy to replace lost games sales” and added, “it may have trouble trimming costs fast enough to stem the growth of its losses.”So far Wedbush’s gloomy assessment has proven to be rather prophetic. That’s because the company’s Q1 sales sank a huge 29% year-over-year to $882 million while the cash burned by its operating activities climbed to $109.8 million from $102.7 million in Q1 of 2023. Moreover, its cash, equivalents and restricted cash at the end of March came in at $1.017 billion, down from $1.079 billion during the time in 2023.In the past, I’ve noted GameStop’s business is being steadily eroded by the fact most video games can be easily downloaded from their manufacturers, eliminating the need for players to buy them from GameStop. According to The Asian Investor, a Seeking Alpha columnist, the company’s financial metrics are still sinking as a result of this ongoing trend.And Cohen, its CEO, still does not appear to have a plan to reverse this trend as he continued to emphasize his cost-cutting strategy during its annual meeting last month. As the old saying goes, companies “can’t cut their way to profitability.”Cohen’s Spotty Record and an Unattractive ValuationSome of those who are bullish on GameStop stock may be pinning their hopes on Cohen. That’s especially true because, in addition to being CEO, Cohen has obtained a major stake in the firm. What’s more, the company’s board gave him the authority to invest the company’s money in other stocks.It is true Cohen did an admirable job of turning pet e-commerce company Chewy, which he co-founded and led as CEO from 2011 to 2018, into a very successful firm. But on the other hand, he later plowed a great deal of money into Bed Bath and Beyond which subsequently went bankrupt. And I can’t help but feel he could have found a more promising company in which to invest than GameStop. Further, Cohen, who has been chairman of GameStop since 2021 and became its CEO in September 2023, clearly has not found a way to revitalize the retailer.On the valuation front, the shares have a forward price-to-sales ratio of about 2.5 times. That’s not a very attractive valuation for a company with a broken business model, falling sales and increasing cash burn.Technical Indicators Are Also NegativeThe latest meme stock rally that briefly propelled GameStop’s shares to new heights only lasted several days before almost completely dissipating. Specifically, GameStop jumped from $17.46 on May 10 to nearly $65 on May 14. But it was all downhill from there and by May 17, the shares price was down to $22.21. The stock closed at $23.65 on June 24. The briefness of the rally strongly indicates that meme stock investors have largely lost their power to boost the shares over significant periods.Similarly, GameStop’s decision to sell 75 million of its shares on June 12 at an average price of about $28.50, rather than waiting for higher prices or buying back shares, suggests that the company doesn’t expect the meme frenzy to return with a vengeance anytime soon. And I’ve seen no evidence that Cohen has bought anymore shares of the company this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366366555,"gmtCreate":1614396375877,"gmtModify":1704771532153,"author":{"id":"3574895927609175","authorId":"3574895927609175","name":"Zenwoo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574895927609175","authorIdStr":"3574895927609175"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a> http://youtube.com/watch?v=hGeEXrR84XE&amp;feature=emb_title","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a> http://youtube.com/watch?v=hGeEXrR84XE&amp;feature=emb_title","text":"$GameStop(GME)$ http://youtube.com/watch?v=hGeEXrR84XE&feature=emb_title","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366366555","isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}