GME to the moon 🚀_老虎社区_美港股上老虎

2021-03-24

GME to the moon 🚀

GameStop Stock Had a Bad Day. Earnings Just Made It Worse.<blockquote>游戏驿站股票今天表现不佳。收入只会让情况变得更糟。</blockquote>

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Earnings Just Made It Worse.<blockquote>游戏驿站股票今天表现不佳。收入只会让情况变得更糟。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1187858811","media":"Barrons","summary":"GameStop‘s fiscal fourth-quarter results came in just short of expectations, but the company announc","content":"GameStop‘s fiscal fourth-quarter results came in just short of expectations, but the company announced another trio of hires with e-commerce backgrounds. The stock was down in after-hours trading.<blockquote>游戏驿站第四财季业绩略低于预期，但该公司宣布了另外三名具有电子商务背景的员工。该股在盘后交易中下跌。</blockquote> The company reported fiscal fourth-quarter earnings of $1.34 per share, barely missing Wall Street’s consensus estimates of $1.35 a share, according to FactSet. Sales of $2.12 billion were down from $2.19 billion in 2019, and came in short of estimates for $2.21 billion.<blockquote>根据 FactSet 的数据，该公司第四财季每股收益为 1.34 美元，勉强低于华尔街普遍预期的每股 1.35 美元。销售额为 21.2 亿美元，低于 2019 年的 21.9 亿美元，低于预期的 22.1 亿美元。</blockquote> GameStop&nbsp;(ticker: GME) said in&nbsp;a separate announcement&nbsp;that&nbsp;Amazon.com&nbsp;alum Jenna Owens will be its next chief operating officer. Owens was director and general manager for distribution and multi-channel fulfillment at the e-commerce giant. Former Chewy Vice President of E-Commerce Neda Pacifico was also named senior vice president of e-commerce at GameStop. Ken Suzuki, who was vice president of supply chain technology at Zulily, will be GameStop’s vice president of supply chain systems. All three begin on March 29.<blockquote>游戏驿站（股票代码：GME）在另一份公告中表示，亚马逊校友 Jenna Owens 将成为其下一任首席运营官。欧文斯是这家电子商务巨头的分销和多渠道履行总监兼总经理。前Chewy电子商务副总裁Neda Pacifico也被任命为游戏驿站电子商务高级副总裁。曾担任 Zulily 供应链技术副总裁的 Ken Suzuki 将出任游戏驿站供应链系统副总裁。这三个都从3月29日开始。</blockquote> The company’s comparable sales grew 6.5% year-over-year, beating consensus estimates of 4.7% growth, according to FactSet. E-commerce sales, which are factored in to comparable sales, grew 175% year-over-year. E-commerce represented 34% of the company’s net sales, up from 12% in the prior fourth quarter.<blockquote>FactSet 的数据显示，该公司的可比销售额同比增长 6.5%，超过了普遍预期的 4.7%。计入可比销售额的电子商务销售额同比增长 175%。电子商务占公司净销售额的 34%，高于上一季度的 12%。</blockquote> CEO George Sherman said in the earnings release that February comparable store sales were up 23% year-over-year, which included strength in hardware sales.<blockquote>首席执行官乔治·谢尔曼(George Sherman)在财报中表示，2月份可比商店销售额同比增长23%，其中包括硬件销售的强劲。</blockquote> “Our emphasis in 2021 will be on improving our E-Commerce and customer experience, increasing our speed of delivery, providing superior customer service and expanding our catalogue,” Sherman added.<blockquote>“谢尔曼补充说：”我们在 2021 年的重点将是改善我们的电子商务和客户体验，提高送货速度，提供卓越的客户服务，并扩大我们的产品目录。</blockquote> The company ended the fiscal year with $635 million in cash and restricted cash, $146.7 million in short-term debt, and $216 million of long-term debt. The company had reduced short-term debt to $48.5 million, as of March 15.<blockquote>该公司本财年结束时拥有 6.35 亿美元现金和受限制现金、1.467 亿美元短期债务和 2.16 亿美元长期债务。截至3月15日，该公司已将短期债务减少至4850万美元。</blockquote> GameStop stock was down 14% to $156.89 in after hours trading—but given the stock’s&nbsp;volatility in recent months, its initial reaction could shift dramatically in either direction during Wednesday’s session.<blockquote>游戏驿站股价在盘后交易中下跌 14%，至 156.89 美元，但鉴于该股近几个月的波动性，其最初的反应可能会在周三的交易中向任一方向急剧转变。</blockquote> GameStop’s results were likely hampered by Covid-19, keeping shoppers at home. On the flip side, it’s may have boosted the company’s improving e-commerce offerings. Over the summer, the shift to digital game downloads accelerated, something that GameStop will have to contend with as it beefs up its turnaround efforts.<blockquote>游戏驿站的业绩可能受到了 Covid-19 的阻碍，Covid-19 让购物者呆在家里。另一方面，这可能促进了公司不断改进的电子商务产品。今年夏天，向数字游戏下载的转变加速，游戏驿站在加强扭亏为盈的努力时将不得不应对这一问题。</blockquote> While GameStop’s surging valuation has had analysts scratching their heads, the stock’s earlier bulls viewed it as an undervalued pick ahead of&nbsp;the launch of new gaming consoles. The stock fell as low as $2.57 in the past year and was trading below $7 when Chewy co-founder&nbsp; Ryan Cohen first revealed a 9% stake. He&nbsp;upped his stake&nbsp;to about 13% in December, at an average price of $14.80 a share. Michael Burry, of “The Big Short” fame, and Keith Gill, known as RoaringKitty on YouTube, bet on GameStop stock&nbsp;in 2019 for similar reasons.<blockquote>虽然游戏驿站的估值飙升让分析师们摸不着头脑，但该股早些时候的看涨者认为，在新游戏机推出之前，它是一个被低估的选择。该股去年跌至 2.57 美元，当 Chewy 联合创始人 Ryan Cohen 首次透露持有 9% 股份时，交易价格低于 7 美元。去年 12 月，他将持股比例增至 13% 左右，平均价格为每股 14.80 美元。因《大空头》而出名的 Michael Burry 和在 YouTube 上被称为 RoaringKitty 的 Keith Gill 也出于类似的原因在 2019 年押注游戏驿站股票。</blockquote> Some hedge funds bet aggressively on a price decline by borrowing shares and selling them, waiting for a chance to buy and replace the shares, pocketing the difference. GameStop’s short-selling interest exceeded shares available for trading before the news of Cohen and two associates joining the board helped trigger a squeeze that was juiced by options activity.<blockquote>一些对冲基金通过借入股票并出售股票来积极押注价格下跌，等待购买和替换股票的机会，将差价收入囊中。在科恩和两名同事加入董事会的消息传出之前，游戏驿站的卖空兴趣超过了可供交易的股票。</blockquote> It’s been hard to price GameStop because there’s so much investors don’t know. As BofA Global Research analyst Curtis Nagle noted last week, investors hadn’t seen actual details on cost, timeline, and impacts to earnings of any potential turnaround plan. While a successful turnaround could buck the perception from some on Wall Street that GameStop is an antiquated retailer destined to go the way of&nbsp;Blockbuster Videoor RadioShack, it faces stiff competition from several well-capitalized players in the online gaming and computer device business.<blockquote>很难给游戏驿站定价，因为有太多投资者不知道。正如美国银行全球研究分析师柯蒂斯-内格尔（Curtis Nagle）上周指出的那样，投资者还没有看到任何潜在扭亏为盈计划的成本、时间表和对盈利影响的实际细节。虽然成功的扭亏为盈可能会打破华尔街一些人的看法，即游戏驿站是一家注定会走百视达视频或RadioShack路的过时零售商，但它面临着来自在线游戏和计算机设备业务中几家资金雄厚的参与者的激烈竞争。</blockquote> Those risks, unknowns, and GameStop’s impressive 2020 run, led&nbsp;Barron’s&nbsp;to recommend investors sit this one&nbsp;out in a Jan. 8 story—though we did highlight the high short interest and potential for a squeeze. To be sure, our timing was terrible in hindsight. But the rationale was that a squeeze is a short-term event that likely wouldn’t change the company’s fundamentals. Investors found out in a February filing that Burry’s Scion Asset Management exited its GameStop position before the end of 2020.<blockquote>这些风险、未知因素，以及游戏驿站令人印象深刻的 2020 年表现，巴伦建议投资者在 1 月 8 日的报道中忽略这一点——尽管我们确实强调了高空头兴趣和挤压的潜力。可以肯定的是，事后看来，我们的时机很糟糕。但理由是，挤压是一个短期事件，不太可能改变公司的基本面。投资者在 2 月份的一份文件中发现，伯里的 Scion 资产管理公司在 2020 年底前退出了其游戏驿站头寸。</blockquote> Days after that initial bearish story, GameStop&nbsp;reported holiday sales results&nbsp;that implied a disappointing December despite the hype around new consoles. The company also pulled out of a planned appearance by executives at the ICR investment conference. But the news that Cohen and two associates were joining the board and e-commerce sales were up 309% overshadowed the sales results.<blockquote>在最初的悲观故事发生几天后，游戏驿站公布了假日销售业绩，这意味着尽管围绕新游戏机进行了大肆宣传，但12月份的销售业绩仍然令人失望。该公司还取消了高管在ICR投资会议上的原定露面。但科恩和两名同事加入董事会以及电子商务销售额增长 309% 的消息给销售业绩蒙上了阴影。</blockquote> What followed was GameStop’s parabolic run in January and February, which took on a larger life as the story evolved into a larger debate about short selling and retail investors’ access to capital markets. The stock’s most recent surge followed a few drips on information related to Cohen’s plans,including three promising hires&nbsp;and a new board committee&nbsp;he will chair. The company also announced a hunt for&nbsp;a new chief financial officer.<blockquote>随后是游戏驿站在 1 月和 2 月的抛物线运行，随着故事演变成一场关于卖空和散户投资者进入资本市场的更大辩论，这一运行也有了更大的生命力。该股最近一次飙升是在与科恩计划相关的一些消息传出之后发生的，其中包括三项有希望的聘用以及他将担任的新董事会委员会主席。该公司还宣布寻找新的首席财务官。</blockquote> The company’s earnings call started at 5 p.m. EDT, and as of publication was at maximum capacity. Some fans of the stock were streaming the earnings call on the Amazon-backed live-streaming platform Twitch. The company said the call would not include a question and answer section with analysts, as is typical for such events.<blockquote>该公司的财报看涨期权于美国东部时间下午 5 点开始，截至发稿时已达到最大容量。该股的一些粉丝正在亚马逊支持的直播平台 Twitch 上直播财报看涨期权。该公司表示，看涨期权不会像此类活动的典型情况那样，包括与分析师的问答部分。</blockquote>","source":"lsy1601382232898","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 Stock Had a Bad Day. 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Earnings Just Made It Worse.<blockquote>游戏驿站股票今天表现不佳。收入只会让情况变得更糟。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-03-24 17:22\n\n</h4>\n</header>\n<article>\nGameStop‘s fiscal fourth-quarter results came in just short of expectations, but the company announced another trio of hires with e-commerce backgrounds. The stock was down in after-hours trading.<blockquote>游戏驿站第四财季业绩略低于预期，但该公司宣布了另外三名具有电子商务背景的员工。该股在盘后交易中下跌。</blockquote> The company reported fiscal fourth-quarter earnings of $1.34 per share, barely missing Wall Street’s consensus estimates of $1.35 a share, according to FactSet. Sales of $2.12 billion were down from $2.19 billion in 2019, and came in short of estimates for $2.21 billion.<blockquote>根据 FactSet 的数据，该公司第四财季每股收益为 1.34 美元，勉强低于华尔街普遍预期的每股 1.35 美元。销售额为 21.2 亿美元，低于 2019 年的 21.9 亿美元，低于预期的 22.1 亿美元。</blockquote> GameStop&nbsp;(ticker: GME) said in&nbsp;a separate announcement&nbsp;that&nbsp;Amazon.com&nbsp;alum Jenna Owens will be its next chief operating officer. Owens was director and general manager for distribution and multi-channel fulfillment at the e-commerce giant. Former Chewy Vice President of E-Commerce Neda Pacifico was also named senior vice president of e-commerce at GameStop. Ken Suzuki, who was vice president of supply chain technology at Zulily, will be GameStop’s vice president of supply chain systems. All three begin on March 29.<blockquote>游戏驿站（股票代码：GME）在另一份公告中表示，亚马逊校友 Jenna Owens 将成为其下一任首席运营官。欧文斯是这家电子商务巨头的分销和多渠道履行总监兼总经理。前Chewy电子商务副总裁Neda Pacifico也被任命为游戏驿站电子商务高级副总裁。曾担任 Zulily 供应链技术副总裁的 Ken Suzuki 将出任游戏驿站供应链系统副总裁。这三个都从3月29日开始。</blockquote> The company’s comparable sales grew 6.5% year-over-year, beating consensus estimates of 4.7% growth, according to FactSet. E-commerce sales, which are factored in to comparable sales, grew 175% year-over-year. E-commerce represented 34% of the company’s net sales, up from 12% in the prior fourth quarter.<blockquote>FactSet 的数据显示，该公司的可比销售额同比增长 6.5%，超过了普遍预期的 4.7%。计入可比销售额的电子商务销售额同比增长 175%。电子商务占公司净销售额的 34%，高于上一季度的 12%。</blockquote> CEO George Sherman said in the earnings release that February comparable store sales were up 23% year-over-year, which included strength in hardware sales.<blockquote>首席执行官乔治·谢尔曼(George Sherman)在财报中表示，2月份可比商店销售额同比增长23%，其中包括硬件销售的强劲。</blockquote> “Our emphasis in 2021 will be on improving our E-Commerce and customer experience, increasing our speed of delivery, providing superior customer service and expanding our catalogue,” Sherman added.<blockquote>“谢尔曼补充说：”我们在 2021 年的重点将是改善我们的电子商务和客户体验，提高送货速度，提供卓越的客户服务，并扩大我们的产品目录。</blockquote> The company ended the fiscal year with $635 million in cash and restricted cash, $146.7 million in short-term debt, and $216 million of long-term debt. The company had reduced short-term debt to $48.5 million, as of March 15.<blockquote>该公司本财年结束时拥有 6.35 亿美元现金和受限制现金、1.467 亿美元短期债务和 2.16 亿美元长期债务。截至3月15日，该公司已将短期债务减少至4850万美元。</blockquote> GameStop stock was down 14% to $156.89 in after hours trading—but given the stock’s&nbsp;volatility in recent months, its initial reaction could shift dramatically in either direction during Wednesday’s session.<blockquote>游戏驿站股价在盘后交易中下跌 14%，至 156.89 美元，但鉴于该股近几个月的波动性，其最初的反应可能会在周三的交易中向任一方向急剧转变。</blockquote> GameStop’s results were likely hampered by Covid-19, keeping shoppers at home. On the flip side, it’s may have boosted the company’s improving e-commerce offerings. Over the summer, the shift to digital game downloads accelerated, something that GameStop will have to contend with as it beefs up its turnaround efforts.<blockquote>游戏驿站的业绩可能受到了 Covid-19 的阻碍，Covid-19 让购物者呆在家里。另一方面，这可能促进了公司不断改进的电子商务产品。今年夏天，向数字游戏下载的转变加速，游戏驿站在加强扭亏为盈的努力时将不得不应对这一问题。</blockquote> While GameStop’s surging valuation has had analysts scratching their heads, the stock’s earlier bulls viewed it as an undervalued pick ahead of&nbsp;the launch of new gaming consoles. The stock fell as low as $2.57 in the past year and was trading below $7 when Chewy co-founder&nbsp; Ryan Cohen first revealed a 9% stake. He&nbsp;upped his stake&nbsp;to about 13% in December, at an average price of $14.80 a share. Michael Burry, of “The Big Short” fame, and Keith Gill, known as RoaringKitty on YouTube, bet on GameStop stock&nbsp;in 2019 for similar reasons.<blockquote>虽然游戏驿站的估值飙升让分析师们摸不着头脑，但该股早些时候的看涨者认为，在新游戏机推出之前，它是一个被低估的选择。该股去年跌至 2.57 美元，当 Chewy 联合创始人 Ryan Cohen 首次透露持有 9% 股份时，交易价格低于 7 美元。去年 12 月，他将持股比例增至 13% 左右，平均价格为每股 14.80 美元。因《大空头》而出名的 Michael Burry 和在 YouTube 上被称为 RoaringKitty 的 Keith Gill 也出于类似的原因在 2019 年押注游戏驿站股票。</blockquote> Some hedge funds bet aggressively on a price decline by borrowing shares and selling them, waiting for a chance to buy and replace the shares, pocketing the difference. GameStop’s short-selling interest exceeded shares available for trading before the news of Cohen and two associates joining the board helped trigger a squeeze that was juiced by options activity.<blockquote>一些对冲基金通过借入股票并出售股票来积极押注价格下跌，等待购买和替换股票的机会，将差价收入囊中。在科恩和两名同事加入董事会的消息传出之前，游戏驿站的卖空兴趣超过了可供交易的股票。</blockquote> It’s been hard to price GameStop because there’s so much investors don’t know. As BofA Global Research analyst Curtis Nagle noted last week, investors hadn’t seen actual details on cost, timeline, and impacts to earnings of any potential turnaround plan. While a successful turnaround could buck the perception from some on Wall Street that GameStop is an antiquated retailer destined to go the way of&nbsp;Blockbuster Videoor RadioShack, it faces stiff competition from several well-capitalized players in the online gaming and computer device business.<blockquote>很难给游戏驿站定价，因为有太多投资者不知道。正如美国银行全球研究分析师柯蒂斯-内格尔（Curtis Nagle）上周指出的那样，投资者还没有看到任何潜在扭亏为盈计划的成本、时间表和对盈利影响的实际细节。虽然成功的扭亏为盈可能会打破华尔街一些人的看法，即游戏驿站是一家注定会走百视达视频或RadioShack路的过时零售商，但它面临着来自在线游戏和计算机设备业务中几家资金雄厚的参与者的激烈竞争。</blockquote> Those risks, unknowns, and GameStop’s impressive 2020 run, led&nbsp;Barron’s&nbsp;to recommend investors sit this one&nbsp;out in a Jan. 8 story—though we did highlight the high short interest and potential for a squeeze. To be sure, our timing was terrible in hindsight. But the rationale was that a squeeze is a short-term event that likely wouldn’t change the company’s fundamentals. Investors found out in a February filing that Burry’s Scion Asset Management exited its GameStop position before the end of 2020.<blockquote>这些风险、未知因素，以及游戏驿站令人印象深刻的 2020 年表现，巴伦建议投资者在 1 月 8 日的报道中忽略这一点——尽管我们确实强调了高空头兴趣和挤压的潜力。可以肯定的是，事后看来，我们的时机很糟糕。但理由是，挤压是一个短期事件，不太可能改变公司的基本面。投资者在 2 月份的一份文件中发现，伯里的 Scion 资产管理公司在 2020 年底前退出了其游戏驿站头寸。</blockquote> Days after that initial bearish story, GameStop&nbsp;reported holiday sales results&nbsp;that implied a disappointing December despite the hype around new consoles. The company also pulled out of a planned appearance by executives at the ICR investment conference. But the news that Cohen and two associates were joining the board and e-commerce sales were up 309% overshadowed the sales results.<blockquote>在最初的悲观故事发生几天后，游戏驿站公布了假日销售业绩，这意味着尽管围绕新游戏机进行了大肆宣传，但12月份的销售业绩仍然令人失望。该公司还取消了高管在ICR投资会议上的原定露面。但科恩和两名同事加入董事会以及电子商务销售额增长 309% 的消息给销售业绩蒙上了阴影。</blockquote> What followed was GameStop’s parabolic run in January and February, which took on a larger life as the story evolved into a larger debate about short selling and retail investors’ access to capital markets. The stock’s most recent surge followed a few drips on information related to Cohen’s plans,including three promising hires&nbsp;and a new board committee&nbsp;he will chair. The company also announced a hunt for&nbsp;a new chief financial officer.<blockquote>随后是游戏驿站在 1 月和 2 月的抛物线运行，随着故事演变成一场关于卖空和散户投资者进入资本市场的更大辩论，这一运行也有了更大的生命力。该股最近一次飙升是在与科恩计划相关的一些消息传出之后发生的，其中包括三项有希望的聘用以及他将担任的新董事会委员会主席。该公司还宣布寻找新的首席财务官。</blockquote> The company’s earnings call started at 5 p.m. EDT, and as of publication was at maximum capacity. Some fans of the stock were streaming the earnings call on the Amazon-backed live-streaming platform Twitch. The company said the call would not include a question and answer section with analysts, as is typical for such events.<blockquote>该公司的财报看涨期权于美国东部时间下午 5 点开始，截至发稿时已达到最大容量。该股的一些粉丝正在亚马逊支持的直播平台 Twitch 上直播财报看涨期权。该公司表示，看涨期权不会像此类活动的典型情况那样，包括与分析师的问答部分。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/gamestop-earnings-came-in-just-short-of-expectations-the-stock-is-down-51616533875?mod=RTA\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-earnings-came-in-just-short-of-expectations-the-stock-is-down-51616533875?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187858811","content_text":"GameStop‘s fiscal fourth-quarter results came in just short of expectations, but the company announced another trio of hires with e-commerce backgrounds. The stock was down in after-hours trading.\nThe company reported fiscal fourth-quarter earnings of $1.34 per share, barely missing Wall Street’s consensus estimates of $1.35 a share, according to FactSet. Sales of $2.12 billion were down from $2.19 billion in 2019, and came in short of estimates for $2.21 billion.\nGameStop (ticker: GME) said in a separate announcement that Amazon.com alum Jenna Owens will be its next chief operating officer. Owens was director and general manager for distribution and multi-channel fulfillment at the e-commerce giant. Former Chewy Vice President of E-Commerce Neda Pacifico was also named senior vice president of e-commerce at GameStop. Ken Suzuki, who was vice president of supply chain technology at Zulily, will be GameStop’s vice president of supply chain systems. All three begin on March 29.\nThe company’s comparable sales grew 6.5% year-over-year, beating consensus estimates of 4.7% growth, according to FactSet. E-commerce sales, which are factored in to comparable sales, grew 175% year-over-year. E-commerce represented 34% of the company’s net sales, up from 12% in the prior fourth quarter.\nCEO George Sherman said in the earnings release that February comparable store sales were up 23% year-over-year, which included strength in hardware sales.\n“Our emphasis in 2021 will be on improving our E-Commerce and customer experience, increasing our speed of delivery, providing superior customer service and expanding our catalogue,” Sherman added.\nThe company ended the fiscal year with $635 million in cash and restricted cash, $146.7 million in short-term debt, and $216 million of long-term debt. The company had reduced short-term debt to $48.5 million, as of March 15.\nGameStop stock was down 14% to $156.89 in after hours trading—but given the stock’s volatility in recent months, its initial reaction could shift dramatically in either direction during Wednesday’s session.\nGameStop’s results were likely hampered by Covid-19, keeping shoppers at home. On the flip side, it’s may have boosted the company’s improving e-commerce offerings. Over the summer, the shift to digital game downloads accelerated, something that GameStop will have to contend with as it beefs up its turnaround efforts.\nWhile GameStop’s surging valuation has had analysts scratching their heads, the stock’s earlier bulls viewed it as an undervalued pick ahead of the launch of new gaming consoles. The stock fell as low as $2.57 in the past year and was trading below $7 when Chewy co-founder  Ryan Cohen first revealed a 9% stake. He upped his stake to about 13% in December, at an average price of $14.80 a share. Michael Burry, of “The Big Short” fame, and Keith Gill, known as RoaringKitty on YouTube, bet on GameStop stock in 2019 for similar reasons.\nSome hedge funds bet aggressively on a price decline by borrowing shares and selling them, waiting for a chance to buy and replace the shares, pocketing the difference. GameStop’s short-selling interest exceeded shares available for trading before the news of Cohen and two associates joining the board helped trigger a squeeze that was juiced by options activity.\nIt’s been hard to price GameStop because there’s so much investors don’t know. As BofA Global Research analyst Curtis Nagle noted last week, investors hadn’t seen actual details on cost, timeline, and impacts to earnings of any potential turnaround plan. While a successful turnaround could buck the perception from some on Wall Street that GameStop is an antiquated retailer destined to go the way of Blockbuster Videoor RadioShack, it faces stiff competition from several well-capitalized players in the online gaming and computer device business.\nThose risks, unknowns, and GameStop’s impressive 2020 run, led Barron’s to recommend investors sit this one out in a Jan. 8 story—though we did highlight the high short interest and potential for a squeeze. To be sure, our timing was terrible in hindsight. But the rationale was that a squeeze is a short-term event that likely wouldn’t change the company’s fundamentals. Investors found out in a February filing that Burry’s Scion Asset Management exited its GameStop position before the end of 2020.\nDays after that initial bearish story, GameStop reported holiday sales results that implied a disappointing December despite the hype around new consoles. The company also pulled out of a planned appearance by executives at the ICR investment conference. But the news that Cohen and two associates were joining the board and e-commerce sales were up 309% overshadowed the sales results.\nWhat followed was GameStop’s parabolic run in January and February, which took on a larger life as the story evolved into a larger debate about short selling and retail investors’ access to capital markets. The stock’s most recent surge followed a few drips on information related to Cohen’s plans,including three promising hires and a new board committee he will chair. The company also announced a hunt for a new chief financial officer.\nThe company’s earnings call started at 5 p.m. EDT, and as of publication was at maximum capacity. Some fans of the stock were streaming the earnings call on the Amazon-backed live-streaming platform Twitch. The company said the call would not include a question and answer section with analysts, as is typical for such events.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":681,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/351156407"}