Professional
Added to YB: 2019-08-28
Pitch date: 2019-08-28
GME [bullish]
GameStop Corp.
+2215.94%
current return
Author Info
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Company Info
GameStop Corp., a specialty retailer, provides games, collectibles, and entertainment products through its stores and e-commerce platforms in United States, Australia and Europe.
Market Cap
$9.9B
Pitch Price
$0.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.74
P/E
28.68
EV/Sales
1.45
Sector
Specialty Retail
Category
N/A
Gamestop (GME)
GameStop: Bottom of console cycle, new PS5/Xbox in 2020. 90% stores cash flow positive. Michael Burry owns 3.3%, urges $238M buyback. Trades at 0.38x book, lowest P/FCF ever. Burry sees $16/share potential (7x P/FCF). 50%+ short interest. Risks: dying physical game sales, persistent shorts. Catalysts: new consoles, buybacks, short squeeze. Hold for Q4 2020 console launch.
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