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25.09.2020 16:00:00

Should You Avoid GameStop No Matter How Good the Price?

GameStop (NYSE: GME) stock has surged recently thanks to excitement about a fresh console hardware cycle and news that Chewy co-founder Ryan Cohen and his firm RC Ventures have taken a roughly 10% stake in the company. Cohen will reportedly push to restructure the business so that it has a broader online retail focus and sells goods outside of the video game space. The Bloomberg report outlining the plan states that Cohen and RC Ventures view the business as potentially evolving into a competitor to Amazon.Between the start of a new console cycle and interesting plans from an activist investor, GameStop hasn't looked this exciting in years. The company also still trades at just a small fraction of this year's expected sales. On the other hand, the stock remains a risky proposition despite the company's low valuation, and the business's long-term outlook remains dismal. Image source: Getty Images.Continue reading
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Analysen zu Gamestop Corp New (A)mehr Analysen

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30.11.18 Gamestop a Outperform Wedbush Morgan Securities Inc.

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