We're hosting a black book on GME on Wednesday, July 28th at 12:30pm EDT.
We made GME a Best Idea Long at $14 in December, moved it to our long bias list in January around $80 where it has remained since. After that change we have seen the stock hit $400, go back below $40 and then back above $300 only to settle currently around $180. The company has a completely new management team and a transformed balance sheet with a massive war chest from equity issuance to transform GME for the future.
In next week's Black Book we'll give an overview of what GameStop historically has been and where it is today, but most importantly we are going to explore the business transformation opportunity. This is not a presentation to strictly outline the 2021/22 EBITDA opportunity. Rather we're going to try to get into the heads of Ryan Cohen and the GME strategic team and outline what we see as potential business opportunities to build, buy, or evolve to make GME's long term earnings justify the current or a higher stock price. We're going to present some ideas for investors to research and assess to try to decide whether GME over the long term could be a massive consumer powerhouse, or if it's a significantly overvalued gaming retailer. We were already able to predict one move by the management team when this spring we discussed GME as one of the top retailers to enter the NFT space, and about a month later the company launched a site to build an NFT/blockchain business. We will look into our crystal ball and try to provide some out of consensus ideas and scenarios that will get the analytical gears turning.
We hope you can tune in.
Call Details:
Date/Time: Wednesday July 28th at 12:30 PM EDT Add to Calendar: CLICK HERE
Toll Free:
Toll:
UK: 0
Confirmation Number: 13721615
Live Video Link: CLICK HERE
