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Opinions Kash Pashootan
GameStop Corp.GMETOP PICKJan 16, 2015
Kash PashootanStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Premium contentGamestop is a family of specialty retail brands that makes the most popular technologies affordable and simple. we are a global retailer of multichannel video game, pop culture collectibles, consumer electronics and wireless services, operating more than 7,500 stores in 14 countries across europe, canada, australia and the united states.
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It doesn't have much going for it as a business. In contrast, TTWO just delivered a strong quarter based on selling videogames direct to customers online and cutting out the brick-and-mortar middleman which is GameStop. Doesn't matter, because there bulls who want to push this stock higher; they are the so-called meme traders. With more stimulus cheques, though, these bulls will eventually run out of firepower.
Is up 3268% in the past year, 772% YTD and 6% today. And yet the company rewarded their CEO Sherman by ousting the him. True, this move had to do with activist investor Ryan Cohen instead who'll be chairman; he plans to digitize this brick and mortar company, but details? What is he planning? It's vague, though younger investors have faith in him. He suggests he turns their 5,000 stores into Bitcoin banks then set up e-gaming palaces in shopping malls where winners are paid in cryptos. Mind you, a recent report from Goldman Sachs notes that younger retail investors are trading less sharply from August 2020.
The stock ran up considerably. In 2013 it was up 100% and had moved up in anticipation of the new Sony and Xbox consoles coming out. It ran up too much and spent last year playing catch-up when the stock was down about 30%. Although it declined in 2014, the fundamentals of the company actually improved. They diversified their income stream from solely being dependent on the gaming market and are now moving into the mobile market. They acquired 46 outlets of Simply Mac, which sells Apple products. They have Cricket and Spring Mobile, which are pre-paid and post-paid AT&T phones and services. Very clean balance sheet with very little debt, about $4 million. Dividend yield of 3.72%.