Tag: Finance
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Palantir Technologies, Inc. CEO Alex Karp had some sharp words for Wall Street recently: “We told the Wall Streeters that we will focus on building the long-term health of our company, that we are going to invest in our product development and in our clients, and you just have to…
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+ Business+ Day trading, Finance, Investing, Palantir, Peter Thiel, Stock Market, Stocks, Tech, Wallstreetbets+
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GameStop’s 2020 results, released this week, were disappointing, with losses over $200 million last year. These weak results may be the best GameStop is likely to do for some time. The reason is something called the “video game console cycle.” Video game consoles are a huge part of GameStop’s business,…
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+ Business+ Finance, Gamestop, GME, Investing, Reddit, Stock Market, Stocks, Tech, Video games, Wallstreetbets+
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It’s no secret that GameStop shares are way up this year, despite recent struggles: This could be an opportune time for the company to sell more shares to fund its transformation from a brick-and-mortar to a digital business. Indeed, the company hints at this in their latest annual report, just…
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+ Business+ Day trading, Finance, Gamestop, GME, Investing, Meme stocks, Reddit, Stock Market, Stocks, Wallstreetbets+
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The volatility in shares of GameStop Corp. has been widely reported, but just how volatile they’ve been this year truly boggles the mind. I found this gem in their annual report, which was just released this week: …from January 11, 2021 to March 17, 2021, the closing price of our…
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Digging into GameStop Corp.’s annual report today, which just came out after yesterday’s market close, a couple numbers really stuck out to me: Sales are down 40% in 2 years Shareholder equity is down 80% in 2 years And lest we blame COVID for all of this, note that the…
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I came across an incredible stat while doing a little research on Palantir Technologies, Inc today: The company has only ~125 customers despite being in the business for nearly two decades and as a result, it’s not diversified enough. Right now, the top 20 clients generate 70% of the overall…
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GameStop’s chief customer officer is resigning from the video-games retailer, per a Tuesday Securities and Exchange Commission filing released hours before the company announced its 2020 earnings. The filing said that Frank Hamlin, who also serves as executive vice-president, would leave the company on March 31, following a transition period.…
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Many investors are excited about Chewy founder Ryan Cohen joining the GameStop Corp. board and helping the company transition to e-commerce. But what isn’t as widely known is that GameStop has tried this before, with abysmal results: Wall Street and short sellers placed heavy bets against GameStop because of strategic…
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+ Business+ Day trading, E-commerce, Finance, Gamestop, GME, Investing, Reddit, Stock Market, Stocks, Video games, Wallstreetbets+
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I came across an interesting article today. It drew a parallel between a dominant brick and mortar retailer of entertainment of today, GameStop, and one of yesteryear: Blockbuster: It’s 100% obvious that over time all game software is going to be downloaded. This is the same or worse than with…
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+ Business+ Day trading, E-commerce, Finance, Gamestop, GME, Investing, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
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I came across an incredible stat today: Citing data from Dealogic, Barron’s notes that there have been 302 domestic initial public offerings (80% of which are blank-check outfits) raising an aggregate $102.3 billion, so far this year through March 10. For context, the 2020 full-year tally registered at 457 IPOs…
Tremendous 