GameStop should ditch retail and become a holding company like Warren Buffett's Berkshire Hathaway [Yahoo! Finance Canada]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance Canada
GameStop is “a totally different company now,” said retail expert and investor Jeff Macke on Yahoo Finance's ‘ Opening Bid ' podcast (video above; listen in here Though he now refers to GameStop as a “ dump truck ,” Macke's sentiment wasn't always so chilly. He said he owned its stock five years ago, when it was trading at $4 a share, with the view its operations were being undervalued. Later, he sold the stock for $25 a share. ADVERTISEMENT “I thought I was the genius of all time,” he said. But Gamestop is filled with fundamental woes as of late, which has raised the question if the Ryan Cohen led company is even a retailer anymore. Fiscal first-quarter results included a $32.3 million loss on revenue of $882 million. Notably, GameStop lost $50.5 million on revenue of $1.2 billion last year. The company continues to be pummeled by structural changes in the video gaming industry — from the switch to digital downloads, to competition for eyeballs with streamers like Netf
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GME
Earnings
- 6/7/24 - Miss
GME
Sec Filings
- 6/20/24 - Form 8-K/A
- 6/18/24 - Form 8-K
- 6/14/24 - Form 4
- GME's page on the SEC website