Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline

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Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline

cnbc2021-06-10

The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird. On Wednesday, the company ...

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PaulMardling
·2021-06-10
If the company sells it’s 5million shares for an average of $250, it will have $24/share in cash. This is a ridicuous article with an agenda being pushed to try and drive people away from an amazing turaround story because a lot of hedge funds are short and trapped.
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Louisssss
·2021-06-10
Great
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XiaoHong
·2021-06-10
[Miser]
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BbbLlll
·2021-06-10
Please like
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- YoshiTei:
  help reply
  2021-06-10
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fisheyyy
·2021-06-10
Hi reply pls
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- BbbLlll:
  please like
  2021-06-10
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Calvinq
·2021-06-10
Like comment pls. AEMD ?
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- fisheyyy:
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  2021-06-10
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逢場作戲又一日
·2021-06-10
O M GME[LOL]
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- Jeddy:
  [开心]
  2021-06-10
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SimonGoh
·2021-06-10
...
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HHTan
·2021-06-10
Like and comment. Thanks
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  F
  2021-06-10
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- Kaiiiiiii:
  Reply back pls thks
  2021-06-10
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Boink
·2021-06-10
Meme
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tiguru
·2021-06-10
Like and comment thx
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They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183259961,"gmtCreate":1623333572453,"gmtModify":1704201146262,"author":{"id":"3581648312409141","authorId":"3581648312409141","name":"Louisssss","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581648312409141","idStr":"3581648312409141"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183259961","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183623257,"gmtCreate":1623329524579,"gmtModify":1704200995291,"author":{"id":"3575525855682166","authorId":"3575525855682166","name":"XiaoHong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575525855682166","idStr":"3575525855682166"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183623257","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183623388,"gmtCreate":1623329504344,"gmtModify":1704200994806,"author":{"id":"3582005029263527","authorId":"3582005029263527","name":"BbbLlll","avatar":"https://static.tigerbbs.com/b0106d7601d55a70d4314f0bc1c327dd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582005029263527","idStr":"3582005029263527"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183623388","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667365,"gmtCreate":1623329958579,"gmtModify":1663228369342,"authorId":3582431165926620,"author":{"id":3582431165926620,"idStr":"3582431165926620","authorId":3582431165926620,"name":"YoshiTei","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183623388,"type":1,"supId":0,"prevId":0,"content":"help <u>reply</u>","text":"help <u>reply</u>","html":"help <u>reply</u>"}],"langContent":"EN"},{"id":183620179,"gmtCreate":1623329418291,"gmtModify":1704200992050,"author":{"id":"3583709883392258","authorId":"3583709883392258","name":"fisheyyy","avatar":"https://static.tigerbbs.com/00ef720127ceb6bf1884b23bc9980e85","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583709883392258","idStr":"3583709883392258"},"htmlText":"Hi reply pls","listText":"Hi reply pls","text":"Hi reply pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183620179","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667275,"gmtCreate":1623329496744,"gmtModify":1663228367142,"authorId":3582005029263527,"author":{"id":3582005029263527,"idStr":"3582005029263527","authorId":3582005029263527,"name":"BbbLlll","avatar":"https://static.tigerbbs.com/b0106d7601d55a70d4314f0bc1c327dd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183620179,"type":1,"supId":0,"prevId":0,"content":"please like","text":"please like","html":"please like"}],"langContent":"EN"},{"id":183666669,"gmtCreate":1623329140151,"gmtModify":1704200985415,"author":{"id":"3581665869451416","authorId":"3581665869451416","name":"Calvinq","avatar":"https://static.tigerbbs.com/3c005973d00b3597177b005554456e28","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581665869451416","idStr":"3581665869451416"},"htmlText":"Like comment pls. AEMD ?","listText":"Like comment pls. AEMD ?","text":"Like comment pls. AEMD ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183666669","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667249,"gmtCreate":1623329403519,"gmtModify":1635329264562,"authorId":3583709883392258,"author":{"id":3583709883392258,"idStr":"3583709883392258","authorId":3583709883392258,"name":"fisheyyy","avatar":"https://static.tigerbbs.com/00ef720127ceb6bf1884b23bc9980e85","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183666669,"type":1,"supId":0,"prevId":0,"content":"<u>Reply</u>","text":"<u>Reply</u>","html":"<u>Reply</u>"}],"langContent":"EN"},{"id":183681506,"gmtCreate":1623328509605,"gmtModify":1704200970316,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3555043402922696","idStr":"3555043402922696"},"htmlText":"O M GME[LOL]&nbsp;","listText":"O M GME[LOL]&nbsp;","text":"O M GME[LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183681506","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667694,"gmtCreate":1623331181667,"gmtModify":1663228372352,"authorId":3569469801672917,"author":{"id":3569469801672917,"idStr":"3569469801672917","authorId":3569469801672917,"name":"Jeddy","avatar":"https://static.tigerbbs.com/0ab583ba04df294d5c4e9d442b686fab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183681506,"type":1,"supId":0,"prevId":0,"content":"[开心]","text":"[开心]","html":"[开心]"}],"langContent":"EN"},{"id":183683743,"gmtCreate":1623328487482,"gmtModify":1704200969500,"author":{"id":"3576306005094300","authorId":"3576306005094300","name":"SimonGoh","avatar":"https://static.tigerbbs.com/73b898c8aede2bc74299e222da0c4a75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576306005094300","idStr":"3576306005094300"},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183683743","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183689238,"gmtCreate":1623328456624,"gmtModify":1704200968532,"author":{"id":"3582782817523238","authorId":"3582782817523238","name":"HHTan","avatar":"https://static.tigerbbs.com/c8134085c63f43886300c1e18d3ab40c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3582782817523238","idStr":"3582782817523238"},"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/183689238","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667170,"gmtCreate":1623329056915,"gmtModify":1663228369342,"authorId":3572041120390941,"author":{"id":3572041120390941,"idStr":"3572041120390941","authorId":3572041120390941,"name":"pkycme","avatar":"https://static.tigerbbs.com/2c8abf6e02924915f7b31ba778563bcc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183689238,"type":1,"supId":4667080,"prevId":0,"content":"<u>F</u>","text":"<u>F</u>","html":"<u>F</u>"},{"id":4667080,"gmtCreate":1623328651154,"gmtModify":1663228367342,"authorId":3562921834163798,"author":{"id":3562921834163798,"idStr":"3562921834163798","authorId":3562921834163798,"name":"ILFTS","avatar":"https://static.tigerbbs.com/4e8eb567072e2b7f82acb5ce6ecab099","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183689238,"type":1,"supId":0,"prevId":0,"content":"Comment ","text":"Comment ","html":"Comment "},{"id":4667044,"gmtCreate":1623328504458,"gmtModify":1635329279500,"authorId":3574846324051368,"author":{"id":3574846324051368,"idStr":"3574846324051368","authorId":3574846324051368,"name":"Kaiiiiiii","avatar":"https://static.tigerbbs.com/347cb01df5b6d08e82cb251df6bbf133","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183689238,"type":1,"supId":0,"prevId":0,"content":"Reply back pls thks ","text":"Reply back pls thks ","html":"Reply back pls thks "}],"langContent":"EN"},{"id":183680011,"gmtCreate":1623328401633,"gmtModify":1704200966258,"author":{"id":"3584620238111631","authorId":"3584620238111631","name":"Boink","avatar":"https://static.tigerbbs.com/c209643e8a7d239ba24db30470811841","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3584620238111631","idStr":"3584620238111631"},"htmlText":"Meme","listText":"Meme","text":"Meme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183680011","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183614724,"gmtCreate":1623328364068,"gmtModify":1704200963837,"author":{"id":"3581713302392824","authorId":"3581713302392824","name":"tiguru","avatar":"https://static.tigerbbs.com/95800411cd10450bf31ccbab2743ae25","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581713302392824","idStr":"3581713302392824"},"htmlText":"Like and comment thx","listText":"Like and comment thx","text":"Like and comment thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183614724","repostId":1185996577,"repostType":4,"repost":{"id":"1185996577","pubTimestamp":1623328186,"share":"https://ttm.financial/m/news/1185996577?lang=&edition=fundamental","pubTime":"2021-06-10 20:29","market":"us","language":"en","title":"Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1185996577","media":"cnbc","summary":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five month","content":"<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline</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; 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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\">\nBaird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html\">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"},"source_url":"https://www.cnbc.com/2021/06/10/baird-says-gamestops-turnaround-plan-remains-a-mystery-predicts-90percent-stock-decline.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185996577","content_text":"The plan to turn beleaguered retailerGameStopinto an e-commerce powerhouse is still murky five months after the stock first caught fire, according to investment firm Baird.\nOn Wednesday, the company reported stronger-than-expected revenues for thefirst quarter, helped by console sales, and announced that it had tapped twoAmazon veterans for roles as CEO and CFO. They join board member and Chewy co-founder Ryan Cohen as high-level leaders at the company with e-commerce experience.\nHowever, the company declined to provide forward guidance and announced that it might sell up to 5 million shares. The stock was down in premarket trading Thursday.\nBaird analyst Colin Sebastian reiterated his neutral rating on the stock after the earnings report, saying that the eventual turnaround for the company plan remained unclear.\n“As GameStop’s board continues to shuffle the management deck, the goal to transform into a ‘technology’ company that delights gamers remains mostly a mystery, particularly as the video game industry accelerates the shift toward downloads, streaming and cloud services,” the note said. “No doubt the console transition period is providing a lifeline, but games are not dog food, and investors deserve more than memes to value a company’s fundamental, long-term prospects.”\nBaird has a price target of $25 per share for GameStop, more than 90% below where the stock closed on Wednesday.\nThe firm raised its estimates for the second quarter, but said that the recent boost from console sales wouldn’t last forever.\n“We are increasing our Q2 revenue and EPS estimates to reflect the favorable impact of easing console supply constraints; however, we are also slightly lowering our Q3 and Q4 estimates as some hardware demand will likely be pulled forward as availability improves faster than previously expected,” the note said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667019,"gmtCreate":1623328414402,"gmtModify":1663228367129,"authorId":3584620238111631,"author":{"id":3584620238111631,"idStr":"3584620238111631","authorId":3584620238111631,"name":"Boink","avatar":"https://static.tigerbbs.com/c209643e8a7d239ba24db30470811841","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183614724,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}