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GameStop Rally Fueled by CEO's 'Very Large' Acquisition Hint
market-news26 days ago

GameStop Rally Fueled by CEO's 'Very Large' Acquisition Hint

GameStop (GME) rose around 6.5% on Monday after CEO Ryan Cohen said he wants to transform the retailer with a very large acquisition of a consumer company, a deal he did not name but which could lift the company’s market cap from about $10.5 billion to over $100 billion. The move signals a push to move GameStop away from meme-stock status toward growth on merit, supported by stronger trading volume and improving profitability as analysts note a healthier balance sheet.

via TipRanks|
#acquisition#gamestop#gme
GameStop Aims for a $100B Leap via Major Acquisition, Cohen Signals New Path
business1 month ago

GameStop Aims for a $100B Leap via Major Acquisition, Cohen Signals New Path

GameStop surged after CEO Ryan Cohen outlined a bold plan to grow the company from about $11B to over $100B, potentially via a large consumer/retail acquisition that Cohen acknowledged could be genius or a mistake. Investor Michael Burry urged a Berkshire Hathaway–style use of cash for a strong, cash-generating buyer, while the board tied Cohen’s pay to performance. With roughly $9B in liquidity and strategic store closures to fund higher-margin products, GameStop is taking bigger risks even as TipRanks’ AI rates it Neutral with a $25 target.

via TipRanks|
#berkshire-hathaway#business#gamestop
Burry Bets Big on GameStop: A Patient Value Play
market-news1 month ago

Burry Bets Big on GameStop: A Patient Value Play

Michael Burry revealed on Substack that he has been buying GameStop (GME), targeting a value around 1x tangible book value/1x net asset value and signaling a multi-year hold rather than a quick squeeze. He emphasizes governance and capital allocation under Ryan Cohen and is willing to wait years to see the story play out. The move comes as GameStop has rebuilt its balance sheet—liquid assets, cash, and even Bitcoin—creating a cushion that points to a renewed focus on valuation and cash generation rather than meme-driven hype.

via TipRanks|
#gamestop#gme#market-news
GameStop (GME) Q4 Earnings Report: What to Expect
finance1 year ago

GameStop (GME) Q4 Earnings Report: What to Expect

GameStop is set to report its Q4 earnings, with analysts expecting a 7.9% year-on-year revenue decline to $2.05 billion and adjusted earnings of $0.30 per share. The company has previously missed revenue estimates four times in the last two years. Comparisons with peers like Best Buy and Ulta provide some insight, with both reporting mixed results. Despite a steady increase in stock price leading up to the earnings, GameStop is facing uncertainty with an analyst price target of $6 compared to its current share price of $14.85.

via Yahoo Finance|
#earnings#finance#gamestop
GameStop (GME) Receives Strong Buy Rating and Price Target Boost
finance2 years ago

GameStop (GME) Receives Strong Buy Rating and Price Target Boost

GameStop (GME) has been upgraded to a Zacks Rank #1 (Strong Buy) due to an upward trend in earnings estimates. The Zacks rating system, which tracks changing earnings pictures, is useful for individual investors as it provides a positive comment on a company's earnings outlook. Rising earnings estimates and the rating upgrade indicate an improvement in GameStop's underlying business, which could push the stock higher. The Zacks Rank stock-rating system has a strong track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.

via Yahoo Finance|
#earnings-estimates#finance#gamestop
finance2 years ago

GameStop's Stock Plunge Signals Potential Turnaround

GameStop (GME) has experienced a significant decline of 19.4% over the past four weeks, but there are indications that the stock may be ripe for a turnaround. The Relative Strength Index (RSI) reading of 29.62 suggests that the heavy selling pressure could be exhausting itself, potentially leading to a rebound. Additionally, there is strong agreement among Wall Street analysts that GameStop will report better earnings than previously predicted. The stock currently holds a Zacks Rank #1 (Strong Buy), further supporting the potential for a turnaround in the near term.

via Yahoo Finance|
#finance#gamestop#gme
SEC Investigates GameStop Chairman Ryan Cohen's Bed Bath & Beyond Stock Sales
finance2 years ago

SEC Investigates GameStop Chairman Ryan Cohen's Bed Bath & Beyond Stock Sales

The Securities and Exchange Commission is reportedly investigating GameStop Chairman Ryan Cohen over his sale of a significant stake in Bed Bath & Beyond shares. The SEC is seeking information from Cohen regarding the trades and his communications with directors and officers at Bed Bath & Beyond. Cohen, who triggered the meme stock craze after taking control of GameStop, disclosed a large stake in Bed Bath & Beyond in March 2022 and sold it abruptly in August, making a $60 million profit. Bed Bath & Beyond stock soared on Cohen's bullish tweets but plummeted after his sale, erasing the gains.

via Investor's Business Daily|
#bbbyq#bed-bath-and-beyond#finance