this, it's becoming a niche to own physical copies, most manufacturers prefer to sell digital copies of video games and that will only increase with digital only consoles while the costs of employing retail employees is only growing. The physical medium generation is going out of the market now anyway, millennials and zoomers are well versed in digital practices.
$GameStop(GME)$ has nothing but meme value left, even that's rotted.
GameStop has 'virtually no chance' of returning to profitability in its core business, says Wedbush
GameStop shares jumped following the videogame retailer and original meme stock's third-quarter results this week. GameStop Corp. shares jumped following the video game retailer's third-quarter results this week, although analyst firm Wedbush thinks that a return to profitability in the company's core business is unlikely."GameStop has just over $10 per share in cash generating an impressive 4% + of annual income, but no clear strategy to reasonably deploy capital," wrote Wedbush analyst Michael Pachter, in a note released Wednesday. "The company's shares trade at 3x cash, while its operations continue to lose money," he added."GameStop has virtually no chance of returning to profitability in its core business, and its entry into the trading card business follows failed attempts at an omnichannel strategy and at NFT trading," the analyst wrote.But Wedbush's Pachter pointed to the company's third-quarter operating loss. GameStop reported an operating loss of $33.4 million, compared with
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kitty is no longer the kitty before