GameStop, Soon to Be Debt-Free, Adds $551 Million to Coffers

1
1
Favorite

GameStop, Soon to Be Debt-Free, Adds $551 Million to Coffers

Motley Fool2021-04-27

GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter. Having recently announced it will retire all of its outstanding debt at ...

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（1）

Miisery
·2021-04-29
Its debt free and juet raised 551 m, what more news do u need to be bullish?
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/2130320047?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-27 00:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2130320047","market":"us","top_or_hot":-1,"title":"GameStop, Soon to Be Debt-Free, Adds $551 Million to Coffers","media":"Motley Fool","content":"<div>\n<p>GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.\nHaving recently announced it will retire all of its outstanding debt at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/\">Source Link</a>\n\n</div>\n","source":"fool_stock","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, Soon to Be Debt-Free, Adds $551 Million to Coffers</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, Soon to Be Debt-Free, Adds $551 Million to Coffers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.\nHaving recently announced it will retire all of its outstanding debt at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/\">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.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/","article_id":"2130320047","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2130320047","pubTimestamp":1619452800,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The video game retailer now has all the financial tools it needs to launch its transformation.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站，即将摆脱债务，增加了5.51亿美元的金库","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.85},"content_text":"GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.\nHaving recently announced it will retire all of its outstanding debt at the end of the month, it now says it added $551 million to its bank account by selling 3.5 million shares through an at-the-market (ATM) equity offering.\nCoupled with the half-billion dollars it said it ended the first quarter with last month, that should give GameStop all the financial wherewithal it needs to achieve its plan for future growth.\n\nImage source: Getty Images.\n\nEarlier this month, GameStop increased the size of its ATM offering in preparation for the sale, and apparently found eager buyers for the stock. The amount of the gross proceeds reported suggests an average purchase price of around $157.43 per share.\nAlmost all top executives of the company, including CEO George Sherman, who will be leaving at the end of July, have either resigned or been ousted. Also, almost the entire board of directors announced it wouldn't stand for reelection at the company's annual shareholder's meeting.\nThat gives activist investor Ryan Cohen, who was recently appointed board chairman, complete control of the company and where it heads in the future.\nCohen has said he wants GameStop to keep only its most profitable retail locations as it becomes a consumer-focused e-commerce company that is the Amazon of video games. With no debt on its balance sheet and around $1 billion in cash, any failure by GameStop to transform itself won't be because of any financial roadblocks.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":100420341,"gmtCreate":1619634899583,"gmtModify":1704727144464,"author":{"id":"3579331135367697","authorId":"3579331135367697","authorIdStr":"3579331135367697","name":"Miisery","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579331135367697"},"htmlText":"Its debt free and juet raised 551 m, what more news do u need to be bullish?","listText":"Its debt free and juet raised 551 m, what more news do u need to be bullish?","text":"Its debt free and juet raised 551 m, what more news do u need to be bullish?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100420341","repostId":2130320047,"repostType":2,"repost":{"id":"2130320047","pubTimestamp":1619452800,"share":"https://ttm.financial/m/news/2130320047?lang=&edition=fundamental","pubTime":"2021-04-27 00:00","market":"us","language":"en","title":"GameStop, Soon to Be Debt-Free, Adds $551 Million to Coffers","url":"https://stock-news.laohu8.com/highlight/detail?id=2130320047","media":"Motley Fool","summary":"The video game retailer now has all the financial tools it needs to launch its transformation.","content":"<html><body><span>\n<p><strong>GameStop</strong> <span>(NYSE:GME)</span> is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.</p>\n<p>Having recently announced it will retire all of its outstanding debt at the end of the month, it now says it added $551 million to its bank account by selling 3.5 million shares through an at-the-market (ATM) equity offering.</p>\n<p>Coupled with the half-billion dollars it said it ended the first quarter with last month, that should give GameStop all the financial wherewithal it needs to achieve its plan for future growth.</p>\n<div><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F623129%2Fvideo-game-online-getty.jpeg&amp;w=700&amp;op=resize\" srcset=\"https://g.foolcdn.com/image/?url=https%3A//g.foolcdn.com/editorial/images/623129/video-game-online-getty.jpeg&amp;w=300&amp;op=resize 300w, https://g.foolcdn.com/image/?url=https%3A//g.foolcdn.com/editorial/images/623129/video-game-online-getty.jpeg&amp;w=1000&amp;op=resize 1000w, https://g.foolcdn.com/image/?url=https%3A//g.foolcdn.com/editorial/images/623129/video-game-online-getty.jpeg&amp;w=2000&amp;op=resize 2000w\"/>\n<p>Image source: Getty Images.</p>\n</div>\n<p>Earlier this month, GameStop increased the size of its ATM offering in preparation for the sale, and apparently found eager buyers for the stock. The amount of the gross proceeds reported suggests an average purchase price of around $157.43 per share.</p>\n<p>Almost all top executives of the company, including CEO George Sherman, who will be leaving at the end of July, have either resigned or been ousted. Also, almost the entire board of directors announced it wouldn't stand for reelection at the company's annual shareholder's meeting.</p><div></div>\n<p>That gives activist investor Ryan Cohen, who was recently appointed board chairman, complete control of the company and where it heads in the future.</p>\n<p>Cohen has said he wants GameStop to keep only its most profitable retail locations as it becomes a consumer-focused e-commerce company that is the Amazon of video games. With no debt on its balance sheet and around $1 billion in cash, any failure by GameStop to transform itself won't be because of any financial roadblocks.</p>\n<div></div>\n</span></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop, Soon to Be Debt-Free, Adds $551 Million to Coffers</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, Soon to Be Debt-Free, Adds $551 Million to Coffers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.\nHaving recently announced it will retire all of its outstanding debt at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/\">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.fool.com/investing/2021/04/27/gamestop-soon-to-be-debt-free-adds-551-million-to/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130320047","content_text":"GameStop (NYSE:GME) is clearing the decks in preparation for its transformation into an online-oriented video game supercenter.\nHaving recently announced it will retire all of its outstanding debt at the end of the month, it now says it added $551 million to its bank account by selling 3.5 million shares through an at-the-market (ATM) equity offering.\nCoupled with the half-billion dollars it said it ended the first quarter with last month, that should give GameStop all the financial wherewithal it needs to achieve its plan for future growth.\n\nImage source: Getty Images.\n\nEarlier this month, GameStop increased the size of its ATM offering in preparation for the sale, and apparently found eager buyers for the stock. The amount of the gross proceeds reported suggests an average purchase price of around $157.43 per share.\nAlmost all top executives of the company, including CEO George Sherman, who will be leaving at the end of July, have either resigned or been ousted. Also, almost the entire board of directors announced it wouldn't stand for reelection at the company's annual shareholder's meeting.\nThat gives activist investor Ryan Cohen, who was recently appointed board chairman, complete control of the company and where it heads in the future.\nCohen has said he wants GameStop to keep only its most profitable retail locations as it becomes a consumer-focused e-commerce company that is the Amazon of video games. With no debt on its balance sheet and around $1 billion in cash, any failure by GameStop to transform itself won't be because of any financial roadblocks.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}