GameStop Faces Challenges Despite $3 Billion Raise, Breakingviews and Traders Warn
Video-game retailer GameStop is facing significant challenges despite raising $3 billion recently. The company came close to breaking even in its most recent quarter, but this was largely due to interest earned on cash. Concerns are growing among investors as Breakingviews compares GameStop's performance to that of a poorly run bank. Experienced traders with more than 40 years of experience warn that trading GameStop stock is akin to gambling.
Sources
Reuters
From @Breakingviews: Video-game retailer GameStop isn’t doing too well. It is being helped though by interest earned on cash given by investors, a decision they might regret. @TheRealLSL explains why https://t.co/RPJ6xEhzMm https://t.co/6mjbT12TaL
Reuters Business From @Breakingviews: Video-game retailer GameStop raised $3 billion recently and came close to breaking even in its most recent quarter. But that was with the help of interest earned on cash. @TheRealLSL explains why this is worrisome for investors https://t.co/28pYActxbd https://t.co/3vHVnZj2nG
Reuters Breakingviews Breakingviews - GameStop is becoming a poorly run bank https://t.co/BHA0EUedQz https://t.co/BHA0EUedQz
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