GAMESTOP 50% upside
28th may is earnings report.
Company has seen an increase of sales 1500% (due to covid)
Improvements seen from Q4 2019;
709mil to 380m = reduction in liabilities
Debt ratio improved = 0.25 to 0.42
improved CCC. @ 45's = median of historical range.
Share Price to Fair value puts Gamestop @ 76.5% undervalued*
In my own opinion, has the potential to be a good long term investment.
Positive capital restructuring, positive sales outlook (if we're looking at a second wave of COVID + more lock in's - GME has a bored new market)
Can potentially see 100%+ upside in the longer term.
Technicals':
Coming up off a bottom, and creating a bullish Over Under pattern.
Consider buying as close to the mid to high $3's.
Just my thought's,
Resources:
marketwatch.com/story/gamestop-shares-rise-5-on-letter-to-shareholders-2020-05-18
Sales Spike:
businessinsider.com.au/gamestop-sales-spike-during-lockdown-2020-5?r=US&IR=T
Share vs. FV:
simplywall.st/stocks/us/retail/nyse-gme/gamestop?utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=post&blueprint=1044441
Balance sheet data from TV 'Financials'.
Extras:
marketwatch.com/investing/stock/gme/financials
28th may is earnings report.
Company has seen an increase of sales 1500% (due to covid)
Improvements seen from Q4 2019;
709mil to 380m = reduction in liabilities
Debt ratio improved = 0.25 to 0.42
improved CCC. @ 45's = median of historical range.
Share Price to Fair value puts Gamestop @ 76.5% undervalued*
In my own opinion, has the potential to be a good long term investment.
Positive capital restructuring, positive sales outlook (if we're looking at a second wave of COVID + more lock in's - GME has a bored new market)
Can potentially see 100%+ upside in the longer term.
Technicals':
Coming up off a bottom, and creating a bullish Over Under pattern.
Consider buying as close to the mid to high $3's.
Just my thought's,
Resources:
marketwatch.com/story/gamestop-shares-rise-5-on-letter-to-shareholders-2020-05-18
Sales Spike:
businessinsider.com.au/gamestop-sales-spike-during-lockdown-2020-5?r=US&IR=T
Share vs. FV:
simplywall.st/stocks/us/retail/nyse-gme/gamestop?utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=post&blueprint=1044441
Balance sheet data from TV 'Financials'.
Extras:
marketwatch.com/investing/stock/gme/financials
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.