Added to YB: 2024-02-05
Pitch date: 2024-02-02
GME [bearish]
GameStop Corp.
-61.04%
current return
Author Info
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Company Info
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce platforms in the United States, Canada, Australia, and Europe.
Market Cap
$10.1B
Pitch Price
$14.33
Price Target
10.50 (-55%)
Dividend
N/A
EV/EBITDA
10.32
P/E
27.28
EV/Sales
1.49
Sector
Specialty Retail
Category
turnaround
Show full summary:
[SHORT] GameStop: Meme Hype Delayed The Inevitable
$GME -35% YoY amid persistent sales decline across segments (5Y rev CAGR -6.6%). CEO Cohen's "extreme frugality" & salary forgo signal cost-cuts but outdated biz model lacks innovation. Brief NFT foray & inferior Pro sub vs $MSFT $SONY. 26% downside risk, dim outlook w/o change.
Read full article (6 min)