GameStop’s Planned Stock Offering Is a Mixed Blessing

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GameStop’s Planned Stock Offering Is a Mixed Blessing

Barrons2021-04-06

GameStop plans to sell millions of shares at prices juiced by this year’s parabolic run. The stock sank on the news before bouncing back by early afternoon. Under the newly announced offering, ...

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Jj1985
·2021-04-06
Make it drop. Dilute the shares....
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Vincewjs
·2021-04-06
When will it plunge?
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Vincewjs
·2021-04-06
Strange but isn't surprised that this is still ongoing
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Tbf
·2021-04-06
Waiting for it to drop to 50..haha
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小獭獭
·2021-04-06
Please like and comment ❣️
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- blackcurrant:
  :)
  2021-04-20
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- blackcurrant:
  :D
  2021-04-15
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- Onlywayisup:
  ?
  2021-04-06
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The stock sank on the news before bouncing back by early afternoon.\nUnder the newly announced offering, ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-planned-stock-offering-is-a-mixed-blessing-51617647607?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.barrons.com/articles/gamestop-planned-stock-offering-is-a-mixed-blessing-51617647607?mod=RTA","article_id":"1119490880","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119490880","pubTimestamp":1617697264,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"GameStop plans to sell millions of shares at prices juiced by this year’s parabolic run. 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Although the new offering would raise more capital, it would also dilute existing shares by about 5%, according to a person familiar with the matter; the prior offering was expected to bring about 10% dilution because the company was expecting to sell more shares at far lower prices.\n“The company’s decision to increase the size of its ATM Program is understandable, given the stock’s elevated price,” wrote Telsey Advisory Group analyst Joseph Feldman in a report.\nWhile Feldman still thinks the company will benefit from last fall’s launch of new videogame consoles and efforts by Chewy (CHWY) co-founder and GameStop director Ryan Cohen to transform the company’s e-commerce offerings, Feldman maintained a $30 price target on the stock.\nDirector Cohen has a roughly 13% stake in the company. He’s chairing a board committee geared toward transforming the company. GameStop has attractednotable e-commerce talent from firms such as Amazon.com(AMZN), Chewy,Walmart(WMT), and Qurate Retail(QRTEA) unit QVC since Cohen joined the board in January.\nFeldman wrote, “the company has yet to show financial success in an industry that is rapidly shifting to digital. And, we continue to believe the current valuation far exceeds our rosy fundamental expectations and projected multiyear benefits from the strategic transformation.”\nGameStop said it plans to put net proceeds toward its transformation, general corporate purposes, and the strengthening of its balance sheet. When and if it sells shares will depend on a variety of factors, GameStop added.\nThe stock sale news is mixed for GameStop. Existing shareholders may reconsider the stock’s current valuation and expected dilution, especially as short sellers are provided easier opportunities to cover their bearish bets. But the fresh capital is sure to boost Cohen’sstrategic vision.\nAlso on Monday, GameStop said sales for the five-week period ended April 2 were up 18% year-over-year, signaling improving trends from the start of the pandemic in the U.S. The company said that this year, it operated with 13% fewer stores due to its strategic closures.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":343274745,"gmtCreate":1617721532687,"gmtModify":1704702310692,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555192598177225","authorIdStr":"3555192598177225"},"htmlText":"Make it drop. Dilute the shares....&nbsp;","listText":"Make it drop. Dilute the shares....&nbsp;","text":"Make it drop. Dilute the shares....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343274745","repostId":1119490880,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343821247,"gmtCreate":1617704982289,"gmtModify":1704701984293,"author":{"id":"3580530961144265","authorId":"3580530961144265","name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580530961144265","authorIdStr":"3580530961144265"},"htmlText":"When will it plunge?","listText":"When will it plunge?","text":"When will it plunge?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343821247","repostId":1119490880,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343823615,"gmtCreate":1617704814337,"gmtModify":1704701982515,"author":{"id":"3580530961144265","authorId":"3580530961144265","name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580530961144265","authorIdStr":"3580530961144265"},"htmlText":"Strange but isn't surprised that this is still ongoing","listText":"Strange but isn't surprised that this is still ongoing","text":"Strange but isn't surprised that this is still ongoing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343823615","repostId":1119490880,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343864484,"gmtCreate":1617704178748,"gmtModify":1704701976835,"author":{"id":"3563947170278378","authorId":"3563947170278378","name":"Tbf","avatar":"https://static.tigerbbs.com/6f5916e07776e7471486e862ff1bb6ee","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3563947170278378","authorIdStr":"3563947170278378"},"htmlText":"Waiting for it to drop to 50..haha","listText":"Waiting for it to drop to 50..haha","text":"Waiting for it to drop to 50..haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343864484","repostId":1119490880,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343893869,"gmtCreate":1617698581151,"gmtModify":1704701915057,"author":{"id":"3574979473661125","authorId":"3574979473661125","name":"小獭獭","avatar":"https://static.tigerbbs.com/efbd85c02219122d727f3ce8ce3b6f24","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574979473661125","authorIdStr":"3574979473661125"},"htmlText":"Please like and comment ❣️","listText":"Please like and comment ❣️","text":"Please like and comment ❣️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/343893869","repostId":1119490880,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4084696,"gmtCreate":1618930008674,"gmtModify":1680784828198,"authorId":3576576354121541,"author":{"id":3576576354121541,"idStr":"3576576354121541","authorId":3576576354121541,"name":"blackcurrant","avatar":"https://static.tigerbbs.com/7a5992692fba9dd847938588825ec9c1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343893869,"type":1,"supId":0,"prevId":0,"content":":)","text":":)","html":":)"},{"id":4041126,"gmtCreate":1618462469373,"gmtModify":1680784146859,"authorId":3576576354121541,"author":{"id":3576576354121541,"idStr":"3576576354121541","authorId":3576576354121541,"name":"blackcurrant","avatar":"https://static.tigerbbs.com/7a5992692fba9dd847938588825ec9c1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343893869,"type":1,"supId":0,"prevId":0,"content":":<u>D</u>","text":":<u>D</u>","html":":<u>D</u>"},{"id":3969462,"gmtCreate":1617699083228,"gmtModify":1680783043515,"authorId":3572481506955360,"author":{"id":3572481506955360,"idStr":"3572481506955360","authorId":3572481506955360,"name":"Onlywayisup","avatar":"https://static.tigerbbs.com/69e8457649d97776b81c071ede05d42d","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master 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