GameStop Is Toast(kylenazario.com) |
GameStop Is Toast(kylenazario.com) |
They have $4 billion in liquid assets, which if they desired would allow them to purchase new businesses to roll into their model or buy back all of the existing free float shares left.
No debts except a low interest covid loan from France.
They are branching out and selling consoles, PC gaming gear, board/card games, and sports cards in addition, amongst other things.
While you're right about a lot of what you say with digital downloads and such, you don't paint the full picture, but you can't be blamed because the Jim Cramers and hedgefunds of the world don't want people to know any of these facts.
Do some digging and you can find all this to confirm, and a lot more. r/superstonk is cultlike but they do have good fundamental research.
They have no future. Cohen couldn't pivot them to e-commerce. Selling undifferentiated consoles, board games and cards is a race to the bottom. It's a commodity business they will lose to Amazon and Alibaba.
The stock market and business of it never do make sense because the whole thing is rigged.
some really bad takes here. do people really think like this? i guess convenience trumps reliability or user freedoms like privacy for most?
> While a significant number of gamers still prefer physical media (for resale, sharing or longevity purposes or lack of internet), the vast majority of the industry is and will continue to be digital.