GameStop’s stock price is down 50% from the highs — and it’s still crazy-To The Moon - Tiger Brokers Online Investing Community

GameStop’s stock price is down 50% from the highs — and it’s still crazy

MarketWatch2021-04-14

Try justifying GameStop’s valuation AFP VIA GETTY IMAGES GameStop was not worth owning anywhere above $45 a share, given the company’s fundamentals, as explained when we closed our Focus List: Long ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（8）

kccc8
·2021-04-14
To the moon
Reply
2
Report
iamnickname
·2021-04-14
LOL this stock has nothing to do with fundamentals anymore it is all about the math DYDD guys don’t believe what you see on the news.
Reply
Like
Report
Natdogg
·2021-04-14
Shill!
Reply
2
Report
KickAss1337
·2021-04-14
No, your mom is crazy
Reply
Like
Report
JerSoh
·2021-04-14
Hmm
Reply
3
Report
Fold Replies
- RayvchelReplying toJerSoh:
  oh no no no no no
  2021-04-14
  Reply
  Report
- Rayvchel:
  oh no
  2021-04-14
  Reply
  Report
- JerSoh:
  oh yes
  2021-04-14
  Reply
  Report
cozyli
·2021-04-14
Too crazy
Reply
2
Report
Fold Replies
- nxw:
  Good
  2021-04-14
  Reply
  Report
李育儒
·2021-04-14
Can, does $Sea Ltd(SE)$, a company with NO postive EPS since IPO (Its unprofitable), NO dividend justify their $240 valuation (Between $189 to $285) when MOST of these gains happened in 2020.........https://seekingalpha.com/symbol/SE/no-dividends/scorecard
Reply
2
Report
Mesh
·2021-04-14
Will it go up again? ?
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1190580837?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-14 10:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190580837","market":"us","top_or_hot":-1,"title":"GameStop’s stock price is down 50% from the highs — and it’s still crazy","media":"MarketWatch","content":"<div>\n<p>Try justifying GameStop’s valuation\nAFP VIA GETTY IMAGES\nGameStop was not worth owning anywhere above $45 a share, given the company’s fundamentals, as explained when we closed our Focus List: Long ...</p>\n\n<a href=\"https://www.marketwatch.com/story/gamestops-stock-price-is-down-50-from-the-highs-and-its-still-crazy-11618353535?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","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’s stock price is down 50% from the highs — and it’s still crazy</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’s stock price is down 50% from the highs — and it’s still crazy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/gamestops-stock-price-is-down-50-from-the-highs-and-its-still-crazy-11618353535?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Try justifying GameStop’s valuation\nAFP VIA GETTY IMAGES\nGameStop was not worth owning anywhere above $45 a share, given the company’s fundamentals, as explained when we closed our Focus List: Long ...</p>\n\n<a href=\"https://www.marketwatch.com/story/gamestops-stock-price-is-down-50-from-the-highs-and-its-still-crazy-11618353535?mod=home-page\">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.marketwatch.com/story/gamestops-stock-price-is-down-50-from-the-highs-and-its-still-crazy-11618353535?mod=home-page","article_id":"1190580837","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190580837","pubTimestamp":1618369183,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Try justifying GameStop’s valuation\nAFP VIA GETTY IMAGES\nGameStop was not worth owning anywhere abov","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站的股价已经从最高点下跌了50%--而且它仍然是疯狂的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"Try justifying GameStop’s valuation\nAFP VIA GETTY IMAGES\nGameStop was not worth owning anywhere above $45 a share, given the company’s fundamentals, as explained when we closed our Focus List: Long positionin the stock in late January.\nNevertheless, the stock went on to climb as high as $347, even higher intraday, before taking a roller coaster path back to around $185.\nSOURCES: NEW CONSTRUCTS LLC AND COMPANY FILINGS\nTo give readers a sense of just how crazy overvalued the stock was at its peak, we do the math and show how the business would have to perform to justify a share price of $347.\nundefined Crazy” at $347 explained: It implies more revenue than Macy’s\nTo justify $347 a share, our reverse discounted cash flow (DCF) model shows that GameStop must:\n\nimprove its profit margin to 5.5% (10-year average from 2010-19 is 3.9% and the all-time high was 4.8% in 2008) and\n\n\ngrow revenue by 17% compounded annually through 2030 (above the projected video game industry CAGR of 13% through 2027)\n\nIn this scenario, GameStop earns nearly $21 billion in revenue in 2030 or more than the trailing-12-months (TTM) revenue of Macy’s,AutoZone and Chewy.\nGameStop’s historical revenue vs. DCF implied revenue: Scenario 1\nSOURCES: NEW CONSTRUCTS LLC AND COMPANY FILINGS\nFor reference, GameStop’s revenue fell by 3% compounded annually from 2009 to 2019.\nStill Crazy at $185\nFor perspective on the current price, we run the same analysis to show what the company must do to justify $185 a share:\n\nimmediately improve its profit margin to 4.8% (all-time high in 2008 compared with 0.7% in 2019) and\ngrow revenue by 15% compounded annually through 2027 (above projected videogame industry CAGR of 13% through 2027)\n\nIn this scenario, GameStop earns over $11 billion in revenue in 2027, which is 19% higher than GameStop’s record revenue of $9.6 billion in 2012 and the TTM revenue of Nordstrom,Advance Auto Parts and Chewy.\nGameStop’s historical revenue vs. DCF implied revenue: Scenario 2\nSOURCES: NEW CONSTRUCTS LLC AND COMPANY FILINGS\nSure, stock prices can be irrational\nWe are not saying that fundamentals should be 100% of your investing process. We only aim to add insight into the fundamental risk of owning stocks at different prices.\nWe’re not saying that you will not make lots of money trading stocks. You might. Our aim is to provide some fundamental perspective to inform and complement other investment strategies.  In other words, if you have 10 great technical ideas, you might like to overweight those with the best fundamentals and underweight those with weaker fundamentals.\nWith a better grasp on fundamentals, investors have a better sense of when to buy and sell – and – know how much risk they take when they own a stock at certain levels.","kind":null,"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":344505449,"gmtCreate":1618413214181,"gmtModify":1704710526612,"author":{"id":"3577335936503686","authorId":"3577335936503686","name":"kccc8","avatar":"https://static.tigerbbs.com/300c0d9f4211fb2d763b4180b5673374","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577335936503686","idStr":"3577335936503686"},"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344505449","repostId":1190580837,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344506104,"gmtCreate":1618413092008,"gmtModify":1704710523824,"author":{"id":"3561453607729762","authorId":"3561453607729762","name":"iamnickname","avatar":"https://static.tigerbbs.com/8427d076988e90450fddb882a08fbbe5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3561453607729762","idStr":"3561453607729762"},"htmlText":"LOL this stock has nothing to do with fundamentals anymore it is all about the math DYDD guys don’t believe what you see on the news.&nbsp;","listText":"LOL this stock has nothing to do with fundamentals anymore it is all about the math DYDD guys don’t believe what you see on the news.&nbsp;","text":"LOL this stock has nothing to do with fundamentals anymore it is all about the math DYDD guys don’t believe what you see on the news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344506104","repostId":1190580837,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344625572,"gmtCreate":1618407575596,"gmtModify":1704710334329,"author":{"id":"3576900640569312","authorId":"3576900640569312","name":"Natdogg","avatar":"https://static.tigerbbs.com/da0b05f069448ce72cb32e09b0302ac4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3576900640569312","idStr":"3576900640569312"},"htmlText":"Shill!","listText":"Shill!","text":"Shill!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344625572","repostId":1190580837,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344110649,"gmtCreate":1618386465681,"gmtModify":1704709995036,"author":{"id":"3575093896980745","authorId":"3575093896980745","name":"KickAss1337","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3575093896980745","idStr":"3575093896980745"},"htmlText":"No, your mom is crazy","listText":"No, your mom is crazy","text":"No, your mom is crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344110649","repostId":1190580837,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344370922,"gmtCreate":1618381337966,"gmtModify":1704709940000,"author":{"id":"3577932407820428","authorId":"3577932407820428","name":"JerSoh","avatar":"https://static.tigerbbs.com/08e7c61cf4399a652433680f45aadee4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3577932407820428","idStr":"3577932407820428"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/344370922","repostId":1190580837,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4033521,"gmtCreate":1618398791633,"gmtModify":1680784029969,"authorId":3576989268942137,"author":{"id":3576989268942137,"idStr":"3576989268942137","authorId":3576989268942137,"name":"Rayvchel","avatar":"https://static.tigerbbs.com/a1de9c3b24db1158b034e7542e071cd6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3577932407820428,"repliedAuthor":{"id":3577932407820428,"idStr":"3577932407820428","authorId":3577932407820428,"name":"JerSoh","avatar":"https://static.tigerbbs.com/08e7c61cf4399a652433680f45aadee4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":344370922,"type":1,"supId":4033094,"prevId":4033146,"content":"oh no no no no no","text":"oh no no no no no","html":"oh no no no no no"},{"id":4033094,"gmtCreate":1618394416548,"gmtModify":1680784019784,"authorId":3576989268942137,"author":{"id":3576989268942137,"idStr":"3576989268942137","authorId":3576989268942137,"name":"Rayvchel","avatar":"https://static.tigerbbs.com/a1de9c3b24db1158b034e7542e071cd6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344370922,"type":1,"supId":0,"prevId":0,"content":"oh no","text":"oh no","html":"oh no"},{"id":4033146,"gmtCreate":1618395076155,"gmtModify":1680784016503,"authorId":3577932407820428,"author":{"id":3577932407820428,"idStr":"3577932407820428","authorId":3577932407820428,"name":"JerSoh","avatar":"https://static.tigerbbs.com/08e7c61cf4399a652433680f45aadee4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344370922,"type":1,"supId":4033094,"prevId":0,"content":"oh yes","text":"oh yes","html":"oh yes"}],"langContent":"EN"},{"id":344942086,"gmtCreate":1618370990745,"gmtModify":1704709794048,"author":{"id":"3574167470846346","authorId":"3574167470846346","name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574167470846346","idStr":"3574167470846346"},"htmlText":"Too crazy","listText":"Too crazy","text":"Too crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/344942086","repostId":1190580837,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4031382,"gmtCreate":1618374433147,"gmtModify":1680783994492,"authorId":3555755639757611,"author":{"id":3555755639757611,"idStr":"3555755639757611","authorId":3555755639757611,"name":"nxw","avatar":"https://static.tigerbbs.com/0a3041e78835567c8db5934504534a17","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.12%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344942086,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":344954776,"gmtCreate":1618370262695,"gmtModify":1704709783944,"author":{"id":"3560736841816623","authorId":"3560736841816623","name":"李育儒","avatar":"https://static.tigerbbs.com/f2c196ab620e62eba6f9dfcbc9464a6d","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3560736841816623","idStr":"3560736841816623"},"htmlText":"Can, does <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>, a company with NO postive EPS since IPO (Its unprofitable), NO dividend justify their $240 valuation (Between $189 to $285) when MOST of these gains happened in 2020.........https://seekingalpha.com/symbol/SE/no-dividends/scorecard","listText":"Can, does <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>, a company with NO postive EPS since IPO (Its unprofitable), NO dividend justify their $240 valuation (Between $189 to $285) when MOST of these gains happened in 2020.........https://seekingalpha.com/symbol/SE/no-dividends/scorecard","text":"Can, does $Sea Ltd(SE)$, a company with NO postive EPS since IPO (Its unprofitable), NO dividend justify their $240 valuation (Between $189 to $285) when MOST of these gains happened in 2020.........https://seekingalpha.com/symbol/SE/no-dividends/scorecard","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344954776","repostId":1190580837,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344955694,"gmtCreate":1618370168418,"gmtModify":1704709782128,"author":{"id":"3576108908706138","authorId":"3576108908706138","name":"Mesh","avatar":"https://static.tigerbbs.com/d4ef12e03b9e11be579123cb9d4208f9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3576108908706138","idStr":"3576108908706138"},"htmlText":"Will it go up again? ?","listText":"Will it go up again? ?","text":"Will it go up again? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344955694","repostId":1190580837,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":8,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}