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Superstonk DD Summary: One DD to Rule Them All

Whale

Whale

GME, or Gamestop, has been seeing a lot of attention recently due to the actions of its new board member, Ryan Cohen. Cohen, the co-founder of Chewy, has a track record of success in e-commerce and is looking to bring his expertise to Gamestop. He has plans to shift the company towards a more digital focus, including the possibility of “digital game exchanging” and building PC kiosks in stores. In addition, Cohen wants to make Gamestop more community-centric by adding features like VR centers and table games to stores.
Despite some bearish sentiment, the company’s Q3 earnings were better than expected and the closure of 11% of its stores only resulted in a 3% drop in revenue. Comparitive store sales actually increased by almost 5%. With a shortage of consoles to sell, the momentum is expected to continue for the whole year.
It’s important to note that Gamestop is currently facing a high level of short interest, but the company has made moves to protect itself, including issuing a debt offering and entering into a share lending agreement. Additionally, some smart investors are reportedly on Gamestop’s side.
Overall, it seems that Gamestop, under the leadership of Ryan Cohen, has the potential to become a major player in the gaming industry. While it’s important to do your own research and make your own investment decisions, Gamestop may be worth considering as a potential opportunity.

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