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08-06

$GameStop(GME)$ 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.

06-27

So much false information, do more research In cohen and the bby scenario rather rather than relying on information on these FUD pieces.

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

06-14

$GameStop(GME)$ 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish

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href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","text":"$GameStop(GME)$ 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335505430876352","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321176270450824,"gmtCreate":1719442961261,"gmtModify":1719454162376,"author":{"id":"4179296305764352","authorId":"4179296305764352","name":"Hon3z","avatar":"https://community-static.tradeup.com/news/e72e1ff2afb512cff60473de34a5813d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4179296305764352","authorIdStr":"4179296305764352"},"themes":[],"htmlText":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on&nbsp;these FUD pieces. &nbsp;","listText":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on&nbsp;these FUD pieces. &nbsp;","text":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on these FUD pieces.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321176270450824","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":{"GME":"游戏驿站","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","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4588":"碎股"},"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 $28.50, rather than waiting for higher prices or buying back shares, suggests that the company doesn’t expect the meme frenzy to return with a vengeance anytime soon. And I’ve seen no evidence that Cohen has bought anymore shares of the company this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316799248420936,"gmtCreate":1718362251305,"gmtModify":1718367421467,"author":{"id":"4179296305764352","authorId":"4179296305764352","name":"Hon3z","avatar":"https://community-static.tradeup.com/news/e72e1ff2afb512cff60473de34a5813d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4179296305764352","authorIdStr":"4179296305764352"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","text":"$GameStop(GME)$ 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":126,"commentSize":2,"repostSize":53,"link":"https://ttm.financial/post/316799248420936","isVote":1,"tweetType":1,"viewCount":3011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":316799248420936,"gmtCreate":1718362251305,"gmtModify":1718367421467,"author":{"id":"4179296305764352","authorId":"4179296305764352","name":"Hon3z","avatar":"https://community-static.tradeup.com/news/e72e1ff2afb512cff60473de34a5813d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4179296305764352","authorIdStr":"4179296305764352"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","text":"$GameStop(GME)$ 2x plays 1) MOASS happens.. or not 2) Long term hodl, Ryan cohen uses the $4billion for investments and acquisitions that transforms the business(es) and relevant industries to grow the value of the stock on “fundamentals” in the long run. It could be a lotto ticket in the short term. Either one disproves nothing the kitty has said directly or indirectly through cryptic messages. Newcomer here #bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":126,"commentSize":2,"repostSize":53,"link":"https://ttm.financial/post/316799248420936","isVote":1,"tweetType":1,"viewCount":3011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":335505430876352,"gmtCreate":1722940483265,"gmtModify":1722951440302,"author":{"id":"4179296305764352","authorId":"4179296305764352","name":"Hon3z","avatar":"https://community-static.tradeup.com/news/e72e1ff2afb512cff60473de34a5813d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4179296305764352","authorIdStr":"4179296305764352"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","text":"$GameStop(GME)$ 🥸😎🤓 bottomed out now 🚀🚀🚀🌕..... don't miss the 1 way ticket.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335505430876352","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321176270450824,"gmtCreate":1719442961261,"gmtModify":1719454162376,"author":{"id":"4179296305764352","authorId":"4179296305764352","name":"Hon3z","avatar":"https://community-static.tradeup.com/news/e72e1ff2afb512cff60473de34a5813d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4179296305764352","authorIdStr":"4179296305764352"},"themes":[],"htmlText":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on&nbsp;these FUD pieces. &nbsp;","listText":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on&nbsp;these FUD pieces. &nbsp;","text":"So much false information, do more research In cohen and the bby scenario rather rather than relying on information on these FUD pieces.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321176270450824","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":{"GME":"游戏驿站","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","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4588":"碎股"},"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":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}