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Opinions David Burrows
GameStop Corp.GMECOMMENTJul 09, 2015
Stock 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.
A retailer of games and game devices, etc. He has been a big proponent of consumer discretionary stocks, especially companies that don’t require a huge outlay. As a retailer, this company is in a good space, because there continues to be lots of new titles coming out and lots of refreshes of existing titles. He would prefer to own online retail for video. This stock has just made a new high. He would have no problem owning the stock. (See Top Picks.)