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youwantwhat
youwantwhat
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2021-06-09
Good very good
GameStop’s Five Year Trajectory Is Tenuous
GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of the
GameStop’s Five Year Trajectory Is Tenuous
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2021-06-09
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‘Confusion and disorientation’ driving ‘crazy’ moves in the market, Mark Mobius says
KEY POINTS Market volatility and the next moves by central banks have to be watched “very carefully
‘Confusion and disorientation’ driving ‘crazy’ moves in the market, Mark Mobius says
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非常抱歉,此主贴已删除
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However, retail investors have bid up the stock, and shares are more than double their May low of $136.50. Meanwhile, in the first two hours of June 8, the price has risen nearly 17% to a high of $344.66 and then dropped even lower than its starting price.</p>\n<p>Many investors are hoping that a digital transformation will help the company mount a much-needed turnaround — GameStop has a long-term vision of transforming from a brick-and-mortar retail company into a digital enterprise.</p>\n<p>However, this is easier said than done.</p>\n<p>As I have mentionedin prior articles, GameStop was struggling long before the pandemic. The top line is consistently declining over the last five years as it tries to keep up with<b>Sony</b>(NYSE:<b><u>SONY</u></b>),<b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>), and<b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>), competitors who are increasingly relying on digital innovation for their future success. Not the case when it comes to GME.</p>\n<p>Hence, even though the temptation to join in is there, I will still advise you to stay miles away from this one.</p>\n<p><b>Flawed Fundamentals</b></p>\n<p>Through the end of 2020, GameStop’s sales reportedlydropped more than 30% per quarter, dropping in 10 out of 11 of its previous quarters. In the last decade, the video game retailer has had several years with negative revenue growth. If we take a look at the data from the last 12 quarters, GME has reported a “positive” surprisejust four times. GME had an operating income of $648 million in 2015. Last year, the company was sitting at a $238 million operating loss.</p>\n<p>In many ways, GME reminds me of<b>Dish Network’s</b>(NASDAQ:<b><u>DISH</u></b>) Blockbuster. There was a time when it looked like the home movie provider could do no wrong. However, it has become a cautionary tale of not evolving with the times. In 2004 then CEO of Blockbuster John Antioco understood the need to invest in an online platform. However, he faced stiff opposition from activist investor Carl Icahn who disagreed and removed him. In five years, the company was bankrupt.</p>\n<p>Understandably, if GME wants to avoid this future, it must think outside of the box and focus on building its digital platform. The good thing is that when George E. Sherman took the helm as GameStop’s new CEO in April 2019, he had two things in mind: reducing costs on the brick-and-mortar business and expanding the digital platform.</p>\n<p>The strategy is working. On Jan. 11, the video gamereportedworldwide sales results reflecting a 4.8% increase in comparable-store sales and a 309% increase in e-commerce sales.</p>\n<p>But the company’s e-commerce setup still does not compare in any way to Amazon or Sony.</p>\n<p><b>Beginning of the End</b></p>\n<p>The biggest question surrounding GME stock is whether it is best to count your blessings and exit. Shares are still up over 80% in a month, so Redditors still like this stock — GME and<b>AMC</b>(NYSE:<b><u>AMC</u></b>) have traded spots several times for the most popular choice among members of the platform.</p>\n<p>However, you have to ask yourself where GME stock will be in five years. Our very own Chris Markochwrote a great articleabout<b>Disney</b>(NYSE:<b><u>DIS</u></b>). He wrote, “If you had purchased shares of DIS stock on Jan. 7, 2000 and never sold your shares, you are sitting on a share price gain of over 470%. That doesn’t include any dividend gains you may have reinvested over that time.”</p>\n<p>In the article, he highlights how Disney did not sit on its haunches and has transformed itself into one of the biggest conglomerates in the world.</p>\n<p>Although new GME management deserves credit for pivoting the company into a new direction, it will take time to alleviate the issues that ail the video game retailer and move forward with a coherent strategy. Reddit enthusiasm notwithstanding, a lot of work still needs to be done before GME stock is a viable investment again.</p>\n<p><b>My Final Word</b></p>\n<p>For a long time now, I have been advocating against loading up on GME stock because of the flawed fundamentals. But does that mean that another rally is not around the corner? For sure, one cannot say that considering time and again, Redditors have shown their resilience when it comes to this company.</p>\n<p>In many ways, GME stock has become iconic because of thesupport it has receivedfrom r/WallStreetBets. I do not expect that to change anytime soon. However, is this a stock that you can buy and keep for the next five years? According to the fundamentals, if you do that, it will be a bad decision.</p>\n<p><i>On the date of publication, Faizan Farooque</i><i>did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</i></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop’s Five Year Trajectory Is Tenuous</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop’s Five Year Trajectory Is Tenuous\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 17:37 GMT+8 <a href=https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of them.\n\nThe meme stock to end all meme stocks,GameStop(NYSE:GME), is finally losing a bit of steam.\n...</p>\n\n<a href=\"https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184778465","content_text":"GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of them.\n\nThe meme stock to end all meme stocks,GameStop(NYSE:GME), is finally losing a bit of steam.\nSource: Shutterstock\nShares cooled off last Thursday after volatility across the broader markets pushed the major indices in the red. However, retail investors have bid up the stock, and shares are more than double their May low of $136.50. Meanwhile, in the first two hours of June 8, the price has risen nearly 17% to a high of $344.66 and then dropped even lower than its starting price.\nMany investors are hoping that a digital transformation will help the company mount a much-needed turnaround — GameStop has a long-term vision of transforming from a brick-and-mortar retail company into a digital enterprise.\nHowever, this is easier said than done.\nAs I have mentionedin prior articles, GameStop was struggling long before the pandemic. The top line is consistently declining over the last five years as it tries to keep up withSony(NYSE:SONY),Microsoft(NASDAQ:MSFT), andAmazon(NASDAQ:AMZN), competitors who are increasingly relying on digital innovation for their future success. Not the case when it comes to GME.\nHence, even though the temptation to join in is there, I will still advise you to stay miles away from this one.\nFlawed Fundamentals\nThrough the end of 2020, GameStop’s sales reportedlydropped more than 30% per quarter, dropping in 10 out of 11 of its previous quarters. In the last decade, the video game retailer has had several years with negative revenue growth. If we take a look at the data from the last 12 quarters, GME has reported a “positive” surprisejust four times. GME had an operating income of $648 million in 2015. Last year, the company was sitting at a $238 million operating loss.\nIn many ways, GME reminds me ofDish Network’s(NASDAQ:DISH) Blockbuster. There was a time when it looked like the home movie provider could do no wrong. However, it has become a cautionary tale of not evolving with the times. In 2004 then CEO of Blockbuster John Antioco understood the need to invest in an online platform. However, he faced stiff opposition from activist investor Carl Icahn who disagreed and removed him. In five years, the company was bankrupt.\nUnderstandably, if GME wants to avoid this future, it must think outside of the box and focus on building its digital platform. The good thing is that when George E. Sherman took the helm as GameStop’s new CEO in April 2019, he had two things in mind: reducing costs on the brick-and-mortar business and expanding the digital platform.\nThe strategy is working. On Jan. 11, the video gamereportedworldwide sales results reflecting a 4.8% increase in comparable-store sales and a 309% increase in e-commerce sales.\nBut the company’s e-commerce setup still does not compare in any way to Amazon or Sony.\nBeginning of the End\nThe biggest question surrounding GME stock is whether it is best to count your blessings and exit. Shares are still up over 80% in a month, so Redditors still like this stock — GME andAMC(NYSE:AMC) have traded spots several times for the most popular choice among members of the platform.\nHowever, you have to ask yourself where GME stock will be in five years. Our very own Chris Markochwrote a great articleaboutDisney(NYSE:DIS). He wrote, “If you had purchased shares of DIS stock on Jan. 7, 2000 and never sold your shares, you are sitting on a share price gain of over 470%. That doesn’t include any dividend gains you may have reinvested over that time.”\nIn the article, he highlights how Disney did not sit on its haunches and has transformed itself into one of the biggest conglomerates in the world.\nAlthough new GME management deserves credit for pivoting the company into a new direction, it will take time to alleviate the issues that ail the video game retailer and move forward with a coherent strategy. Reddit enthusiasm notwithstanding, a lot of work still needs to be done before GME stock is a viable investment again.\nMy Final Word\nFor a long time now, I have been advocating against loading up on GME stock because of the flawed fundamentals. But does that mean that another rally is not around the corner? For sure, one cannot say that considering time and again, Redditors have shown their resilience when it comes to this company.\nIn many ways, GME stock has become iconic because of thesupport it has receivedfrom r/WallStreetBets. I do not expect that to change anytime soon. However, is this a stock that you can buy and keep for the next five years? According to the fundamentals, if you do that, it will be a bad decision.\nOn the date of publication, Faizan Farooquedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189059728,"gmtCreate":1623235112964,"gmtModify":1634035537170,"author":{"id":"3586328023047423","authorId":"3586328023047423","name":"youwantwhat","avatar":"https://static.tigerbbs.com/040336c34819c84fe9c8dd63e1246f78","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586328023047423","authorIdStr":"3586328023047423"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189059728","repostId":"1150925841","repostType":4,"repost":{"id":"1150925841","kind":"news","pubTimestamp":1623229284,"share":"https://www.laohu8.com/m/news/1150925841?lang=&edition=full","pubTime":"2021-06-09 17:01","market":"us","language":"en","title":"‘Confusion and disorientation’ driving ‘crazy’ moves in the market, Mark Mobius says","url":"https://stock-news.laohu8.com/highlight/detail?id=1150925841","media":"cnbc","summary":"KEY POINTS\n\nMarket volatility and the next moves by central banks have to be watched “very carefully","content":"<div>\n<p>KEY POINTS\n\nMarket volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned.\nHe described “crazy moves” in assets such as bitcoin as ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/mark-mobius-on-stocks-markets-confusion-driving-crazy-moves.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Confusion and disorientation’ driving ‘crazy’ moves in the market, Mark Mobius says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 17:01 GMT+8 <a href=https://www.cnbc.com/2021/06/09/mark-mobius-on-stocks-markets-confusion-driving-crazy-moves.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nMarket volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned.\nHe described “crazy moves” in assets such as bitcoin as ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/mark-mobius-on-stocks-markets-confusion-driving-crazy-moves.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/09/mark-mobius-on-stocks-markets-confusion-driving-crazy-moves.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150925841","content_text":"KEY POINTS\n\nMarket volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned.\nHe described “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.”\n\n\nMarket volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned, describing “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.”\nMarket speculation over when central banks, and particularly the U.S. Federal Reserve, could begin to taper asset purchases, has been rife for months given a nascent recovery from the coronavirus pandemic and the specter of rising inflation.\nMark Mobius, founder partner of Mobius Capital Partners, told CNBC that central bank moves have to be watched closely.\n“Any pullback in the money supply as a result of central banks pulling back will be, I think, very bad for the markets. So I think we have to watch this very carefully,” Mobius told CNBC’s Squawk Box Europe.\n“We’re in a very uncertain time, that’s for sure,” he added.\nEven without concerns over central banks there have been instances of extreme market volatility since the start of the year, including the retail trading frenzy that hit U.S. stock markets in spring, driven largely by Reddit, to wild moves in the crypto market, particularly bitcoin.The price of the cryptocurrency fell about 10% Tuesday to around $32,000 and is down 50% from its April all-time high.\nMobius believed that risk-taking behavior among investors and market volatility was down to confusion.\n“A lot of people have cash in hand that they want to do something with, and secondly, a lot of people are confused. The fact that they’ve seen bitcoin, which they had so much faith in, go down the way it’s gone down confuses people,” he said.\n“So you have a funny situation with a lot of money in their pocket and lots of confusion and disorientation, so I think that’s what driving a lot of these crazy moves in the market.”\nNonetheless, Mobius believed markets could still travel higher if central banks don’t pull the plug on asset purchase programs too soon.\n“With lots of money sloshing about there’s no reason why the market can’t go higher, not only the U.S. market but the MSCI and EM (emerging market) market has gone up as well in fact more than the S&P 500. You can see a continuation unless there’s a big pullback in money supply and that’s why we have to watch the behavior of central banks around the world, particularly the Fed.”\nA recipe for disaster?\nMobius noted how some emerging markets had performed well thanks to the increased global money supply and pointed out how some currencies, such as the Chinese renminbi and Brazilian real, had performed particularly well over the last year but that the outlook was also unpredictable among currencies too.\n“You’re going to see a lot of these unusual moves (continue)” he noted, with “some of them justifiable but a lot of it not justifiable and not logical really,” making for a very uncertain outlook.\n“So at the end of the day we’re in a very, very uncertain situation ... and of course that means a recipe for disaster for some people who are investing,” he noted.\nThe next pointer for global markets comes on Thursday with the latest reading of the U.S. inflation rate due which could lead the Federal Reserve to taper asset purchases sooner rather than later.\nRead more: The Fed is in early stages of a campaign to prepare markets for tapering its asset purchases\nThe consumer price index for May is set to be released Thursday. Economists are expecting the CPI to rise 4.7% from a year earlier, according to Dow Jones.In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008.\nThe Fed has previously contended that higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.","news_type":1},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189050468,"gmtCreate":1623235029154,"gmtModify":1634035537897,"author":{"id":"3586328023047423","authorId":"3586328023047423","name":"youwantwhat","avatar":"https://static.tigerbbs.com/040336c34819c84fe9c8dd63e1246f78","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586328023047423","authorIdStr":"3586328023047423"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189050468","repostId":"1181136591","repostType":4,"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}