Tag: Finance
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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…
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Short sellers are abandoning their positions as the market reaches new highs: Short interest in U.S. stocks fell to just 2.95% by the end of February, S&P Global Market Intelligence says. That’s down 45 basis points from the short interest level at the end of 2020 when it was 3.4%.…
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+ Business+ Finance, Gamestop, Investing, Meme stocks, Reddit, Short sellers, Stock Market, Stocks, Wallstreetbets+
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GameStop Corp. soared in January as short sellers were squeezed by a legion of buyers from Reddit’s Wallstreetbets. The shorts had to buy in order to close out their positions and stanch the bleeding, driving the stock even higher. It seems they’ve learned their lesson. Short selling of GameStop shares…
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Someone owns $2.1 billion worth of dogecoin. And no one knows who it is: Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque…
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The US government is selling its bitcoin…all $38,000 worth: Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The federal government did not reveal the source…
Tremendous 