outsiders/folks who have doubts need to stop looking at the current price, yes it’s expensive, but the whole reason its expansive is because the outstanding shares are extremely low, thus compared to other e-commerce/brick-mortar stock, it’s considered undervalue.
The fundamentals are good simply because of 1 reason, gaming, gaming is not gonna die, it’s booming, and it’s not just selling DVD anymore, GME is also selling consoles, PCs, graphic cards, trading cards, colectible, torys, e-commerce, same day delivery. All this provides a very good result in pre-Q1 2021.
Gamestop Is Still Overvalued, But Its Fundamentals Are Improving
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