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Bill Combs
@billcombs · Jun 8

GameStop $GME

Hello investors, yesterday $GME reported its results.

Results :

Revenue : $1.24 billion, expected : $1.34 billion

Earnings per share : -$0.14, expected : -$0.17

In addition, the Board of Directors also elected Ryan Cohen as Executive Chairman, effective immediately. The Board of Directors additionally appointed Mark Robinson as GameStop's Chief Executive Officer and Chief Operating Officer.

I wouldn't buy shares of this company, but the history and overall development of this company is interesting.

If anyone is more interested in this company and would like to know the history and evolution of the company, I would recommend the documentary on GameStop : Eat The Rich: The Gamestop Saga.

How do you feel about this company and what is your opinion of it ?

A community member's personal view, not investment advice. Community Guidelines

MD
Monday Dayton @mondaydayton Jun 8

I've seen a documentary on Netflix with this company (I don't remember the name so I don't know if that's it), but I wouldn't go for it either, although maybe the gaming industry like $ATVI or $EA might not be bad. But the documentary was about a demonstration of price manipulation so that seems risky to me.

BC
Bill Combs @billcombs Jun 8

I agree, I rather like $ATVI. I mean, speaking of the documentary, I was going to message you on instagram, but I guess I can message you here. I've already watched most of the documentary, it's interesting how it all went down and what other people were doing and how it was all connected. Of course I'll have to watch it again to understand it all better, as sometimes I didn't understand something 😁

RR
Rickie Reeve @rickiereeve Jun 8

An interesting company for its story, not so much for investment...

BC
Bill Combs @billcombs Jun 8

Exactly, it's an interesting company, but I certainly wouldn't buy its shares.

AA
Ashraf Aboudar @ashraf_dd Jun 8

The results were worse, the stock reacted appropriately. It is down more than 17%. This company is almost bankrupt and its stock is pure speculation.

BC
Bill Combs @billcombs Jun 8

I agree, I also think they're a tiny bit close to bankruptcy. But it's interesting to see 🙂

RB
Ralphie Barlow @ralphiebarlow Jun 8

The documentary was enough for me, I don't want anything more with the company 😄

BC
Bill Combs @billcombs Jun 8

I have the same, I also only needed to look at the documentary and a few articles, but I don't think I need more😁

JB
Jason Bellier @neostonks Jun 8

I'll look at the results out of curiosity, but investment-wise it's not for me.

BC
Bill Combs @billcombs Jun 8

My approach is the same. I also just look and occasionally watch the share price, but I certainly wouldn't buy shares of this company.

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