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2021-12-01
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What Is GameStop Doing to Become More Than Just a Meme Stock?<blockquote>游戏驿站正在做什么来成为不仅仅是一只模因股票?</blockquote>
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Shares closed at $196.","content":"<p>GameStop (<b>GME</b>) stock has ranged between $12.14 and $483 in the past 52 weeks. Shares closed at $196.21 Tuesday, down 2.87%. The stock is up 941% so far in 2021.</p><p><blockquote>游戏驿站(<b>GME</b>) 过去 52 周内,股价在 12.14 美元至 483 美元之间波动。周二股价收于196.21美元,下跌2.87%。2021 年迄今为止,该股已上涨 941%。</blockquote></p><p> That’s stunning volatility powered by a Reddit movement, speculation, and people trading the stock without actually considering the underlying business.</p><p><blockquote>这种惊人的波动性是由 Reddit 的动向、投机以及人们在不真正考虑基础业务的情况下进行股票交易造成的。</blockquote></p><p> The company, however, does not control its stock price and has worked to use the unexpected rise in GameStop stock as a level to help it reimagine the business so it can actually increase sales and move from a loss ($61.6 million in the most recent quarter, an improvement from $111.3 million in the same period a year ago) to sustained profitability.</p><p><blockquote>然而,该公司并不控制其股价,并努力利用游戏驿站股票的意外上涨作为一个水平,帮助其重新构想业务,以便实际增加销售额,并从亏损(最近一个季度为 6160 万美元,较去年同期的 1.113 亿美元有所改善)实现持续盈利。</blockquote></p><p> To do that, the company has cut its physical store count by 9% and has a detailed (if not fully explained) plan to transform its business. CEO Matt Furlong, working with Chairman Ryan Cohen (who founded online powerhouse Chewy.com (<b>CHWY</b>) detailed the progress being made on those efforts in the company’smost-recent earnings call.</p><p><blockquote>为此,该公司已将实体店数量削减了 9%,并制定了详细(如果没有完全解释的话)的业务转型计划。首席执行官 Matt Furlong 与董事长 Ryan Cohen(在线巨头 Chewy.com 的创始人)合作(<b>查维</b>)在公司最新的财报看涨期权中详细介绍了这些工作的进展情况。</blockquote></p><p> What Exactly Is GameStop Doing?</p><p><blockquote>游戏驿站到底在做什么?</blockquote></p><p> Furlong said that his company has been refocused on the long-term goals: “delighting customers and delivering value for stockholders.”</p><p><blockquote>弗隆说,他的公司已经重新关注长期目标: “取悦客户,为股东创造价值”。</blockquote></p><p> To actually achieve those fairly vague objectives, he explained that his company has taken multiple steps in the second quarter to fortify its infrastructure and technology.</p><p><blockquote>为了实际实现这些相当模糊的目标,他解释说,他的公司在第二季度采取了多项措施来加强其基础设施和技术。</blockquote></p><p> \"We are focused on positioning GameStop to scale while obsessing over competitive pricing, expansive selection, and fast shipping. Our actions included continuing to add technology talent across the organization, including individuals with experience in e-commerce, UI, UX, operations, and supply chain.</p><p><blockquote>“我们专注于定位游戏驿站以扩展规模,同时痴迷于有竞争力的定价、广泛的选择和快速的运输。我们的行动包括继续在整个组织中增加技术人才,包括在电子商务、用户界面、用户体验、运营和供应链方面拥有经验的个人。</blockquote></p><p> \"We also continued to expand our fulfillment network by adding a 530,000-square-foot facility in Reno, Nev. This new facility, which is expected to be operational next year, will position us to further expand selection and expedite shipping.\"</p><p><blockquote>“我们还继续扩大我们的履行网络,在内华达州里诺增加了一个 530,000 平方英尺的工厂。这个新工厂预计将于明年投入运营,将使我们能够进一步扩大选择范围并加快运输速度。”</blockquote></p><p> That Reno facility gives GameStop a fulfillment network that operates on both coasts as it joins another recently completed 700,000-square-foot facility in York, Pa., which began shipping orders during the quarter. That allowed the company to increase the selection of products it can ship across a variety of categories including consumer electronics, collectibles, toys, and more.</p><p><blockquote>里诺工厂为游戏驿站提供了一个在两个海岸运营的履行网络,因为它加入了最近在宾夕法尼亚州约克竣工的另一个70万平方英尺的工厂。,在本季度开始发货订单。这使得该公司能够增加其可以运输的各种类别的产品选择,包括消费电子产品、收藏品、玩具等。</blockquote></p><p> Fulfillment isn’t the only area the company has chosen on which to focus. GameStop has also been investing in customer service, according to its CEO.</p><p><blockquote>履行并不是公司选择关注的唯一领域。据其首席执行官称,游戏驿站还一直在投资客户服务。</blockquote></p><p> “We signed a lease on a new customer care facility in South Florida and started adding talent to that team as we continue to build out customer care operation in the U.S.,” Furlon said.</p><p><blockquote>“弗隆说:”我们签署了南佛罗里达州一家新客户服务机构的租约,并开始为该团队增加人才,因为我们将继续在美国建立客户服务业务。</blockquote></p><p> It should also be noted that while GameStop’s sales may not justify its valuation, it has used its higher share price to shore up its finances.</p><p><blockquote>还应该指出的是,虽然游戏驿站的销售额可能无法证明其估值是合理的,但它已经利用较高的股价来支撑其财务状况。</blockquote></p><p> “We further strengthened our balance sheet and capital position by raising more than $1.1 billion in net proceeds from the June ATM program,” he added.</p><p><blockquote>“他补充说:”我们从 6 月份的 ATM 计划中筹集了超过 11 亿美元的净收益,进一步加强了我们的资产负债表和资本状况。</blockquote></p><p> The company has just over $1.7 billion in available cash, an increase of over $1 billion since the year-ago quarter.</p><p><blockquote>该公司拥有超过 17 亿美元的可用现金,比去年同期增加了超过 10 亿美元。</blockquote></p><p> That comes from a $1.1 billion stock sale. GameStop has not tapped its asset-based revolving credit line and its only long-term debt is $47.5 million unsecured low-interest loan “associated with the French government's response to COVID-19,” according to the CEO.</p><p><blockquote>这来自 11 亿美元的股票出售。据首席执行官称,游戏驿站尚未动用其基于资产的循环信贷额度,其唯一的长期债务是 4750 万美元的无担保低息贷款,“与法国政府应对 COVID-19 有关”。</blockquote></p><p> Making Money on GameStop</p><p><blockquote>在游戏驿站上赚钱</blockquote></p><p> The GameStop meme phenomenon happened because a group of Reddit users from the WallStreetBets channel noticed that there was a very high level of institutional shorts on the stock.</p><p><blockquote>游戏驿站迷因现象的发生是因为来自 WallStreetBets 频道的一群 Reddit 用户注意到该股存在非常高的机构空头水平。</blockquote></p><p> Betting against short sellers when a stock is heavily shorted can (and, in this case did) push the stock higher, but shorting comes with risks, according to Real Money Pro contributor Doug Kass.</p><p><blockquote>Real Money Pro 撰稿人道格·卡斯 (Doug Kass) 表示,当股票被严重做空时,做空卖空者可以(在这种情况下确实)推高股票,但做空伴随着风险。</blockquote></p><p> “Shorting individual stocks exposes a short seller to tail risks associated with the sometimes lunatic trading at WallStreetBets, Robinhood et al, which routinely target stocks for short squeezes,” he wrote.</p><p><blockquote>“他写道:”做空个股会使卖空者面临与 WallStreetBets、Robinhood 等公司有时疯狂交易相关的尾部风险,这些公司经常以股票为目标进行逼空。</blockquote></p><p> “The market is littered with examples of this — like Digital World Acquisition Corp. (<b>DWAC</b>) (remember when the shares traded at $175) AMC Entertainment (<b>AMC</b>), GameStop, Ginkgo Bioworks Holdings (<b>DNA</b>), Robinhood (<b>HOOD</b>)(remember when the shares traded at $80?), etc. — in which tail risks to shorting are a bonafide investment threat.”</p><p><blockquote>“市场上有很多这样的例子,比如数字世界收购公司(Digital World Acquisition Corp.)。<b>DWAC</b>)(还记得股票的交易价格为 175 美元时)AMC院线(<b>AMC</b>)、游戏驿站、银杏生物控股(<b>DNA</b>),罗宾汉(<b>发动机罩</b>(还记得当时股票的交易价格是80美元吗?)等等——在这种情况下,做空的尾部风险是真正的投资威胁。”</blockquote></p><p> GameStop management has taken steps to stabilize its business and provide a path forward for the company to be a money-making entity.</p><p><blockquote>游戏驿站管理层已采取措施稳定其业务,并为公司成为赚钱实体提供前进道路。</blockquote></p><p> But, when you consider trades or investments in a company which loses money and has no clear path to meaningful profits, it’s important to remember that stock price often has no correlation to stock value — and even less relation to whether the share price will move higher or lower.</p><p><blockquote>但是,当你考虑对一家亏损且没有明确的盈利途径的公司进行交易或投资时,重要的是要记住,股票价格往往与股票价值无关,与股价是上涨还是下跌的关系就更小了。</blockquote></p><p></p>","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>What Is GameStop Doing to Become More Than Just a Meme Stock?<blockquote>游戏驿站正在做什么来成为不仅仅是一只模因股票?</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWhat Is GameStop Doing to Become More Than Just a Meme Stock?<blockquote>游戏驿站正在做什么来成为不仅仅是一只模因股票?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-01 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>GameStop (<b>GME</b>) stock has ranged between $12.14 and $483 in the past 52 weeks. Shares closed at $196.21 Tuesday, down 2.87%. The stock is up 941% so far in 2021.</p><p><blockquote>游戏驿站(<b>GME</b>) 过去 52 周内,股价在 12.14 美元至 483 美元之间波动。周二股价收于196.21美元,下跌2.87%。2021 年迄今为止,该股已上涨 941%。</blockquote></p><p> That’s stunning volatility powered by a Reddit movement, speculation, and people trading the stock without actually considering the underlying business.</p><p><blockquote>这种惊人的波动性是由 Reddit 的动向、投机以及人们在不真正考虑基础业务的情况下进行股票交易造成的。</blockquote></p><p> The company, however, does not control its stock price and has worked to use the unexpected rise in GameStop stock as a level to help it reimagine the business so it can actually increase sales and move from a loss ($61.6 million in the most recent quarter, an improvement from $111.3 million in the same period a year ago) to sustained profitability.</p><p><blockquote>然而,该公司并不控制其股价,并努力利用游戏驿站股票的意外上涨作为一个水平,帮助其重新构想业务,以便实际增加销售额,并从亏损(最近一个季度为 6160 万美元,较去年同期的 1.113 亿美元有所改善)实现持续盈利。</blockquote></p><p> To do that, the company has cut its physical store count by 9% and has a detailed (if not fully explained) plan to transform its business. CEO Matt Furlong, working with Chairman Ryan Cohen (who founded online powerhouse Chewy.com (<b>CHWY</b>) detailed the progress being made on those efforts in the company’smost-recent earnings call.</p><p><blockquote>为此,该公司已将实体店数量削减了 9%,并制定了详细(如果没有完全解释的话)的业务转型计划。首席执行官 Matt Furlong 与董事长 Ryan Cohen(在线巨头 Chewy.com 的创始人)合作(<b>查维</b>)在公司最新的财报看涨期权中详细介绍了这些工作的进展情况。</blockquote></p><p> What Exactly Is GameStop Doing?</p><p><blockquote>游戏驿站到底在做什么?</blockquote></p><p> Furlong said that his company has been refocused on the long-term goals: “delighting customers and delivering value for stockholders.”</p><p><blockquote>弗隆说,他的公司已经重新关注长期目标: “取悦客户,为股东创造价值”。</blockquote></p><p> To actually achieve those fairly vague objectives, he explained that his company has taken multiple steps in the second quarter to fortify its infrastructure and technology.</p><p><blockquote>为了实际实现这些相当模糊的目标,他解释说,他的公司在第二季度采取了多项措施来加强其基础设施和技术。</blockquote></p><p> \"We are focused on positioning GameStop to scale while obsessing over competitive pricing, expansive selection, and fast shipping. Our actions included continuing to add technology talent across the organization, including individuals with experience in e-commerce, UI, UX, operations, and supply chain.</p><p><blockquote>“我们专注于定位游戏驿站以扩展规模,同时痴迷于有竞争力的定价、广泛的选择和快速的运输。我们的行动包括继续在整个组织中增加技术人才,包括在电子商务、用户界面、用户体验、运营和供应链方面拥有经验的个人。</blockquote></p><p> \"We also continued to expand our fulfillment network by adding a 530,000-square-foot facility in Reno, Nev. This new facility, which is expected to be operational next year, will position us to further expand selection and expedite shipping.\"</p><p><blockquote>“我们还继续扩大我们的履行网络,在内华达州里诺增加了一个 530,000 平方英尺的工厂。这个新工厂预计将于明年投入运营,将使我们能够进一步扩大选择范围并加快运输速度。”</blockquote></p><p> That Reno facility gives GameStop a fulfillment network that operates on both coasts as it joins another recently completed 700,000-square-foot facility in York, Pa., which began shipping orders during the quarter. That allowed the company to increase the selection of products it can ship across a variety of categories including consumer electronics, collectibles, toys, and more.</p><p><blockquote>里诺工厂为游戏驿站提供了一个在两个海岸运营的履行网络,因为它加入了最近在宾夕法尼亚州约克竣工的另一个70万平方英尺的工厂。,在本季度开始发货订单。这使得该公司能够增加其可以运输的各种类别的产品选择,包括消费电子产品、收藏品、玩具等。</blockquote></p><p> Fulfillment isn’t the only area the company has chosen on which to focus. GameStop has also been investing in customer service, according to its CEO.</p><p><blockquote>履行并不是公司选择关注的唯一领域。据其首席执行官称,游戏驿站还一直在投资客户服务。</blockquote></p><p> “We signed a lease on a new customer care facility in South Florida and started adding talent to that team as we continue to build out customer care operation in the U.S.,” Furlon said.</p><p><blockquote>“弗隆说:”我们签署了南佛罗里达州一家新客户服务机构的租约,并开始为该团队增加人才,因为我们将继续在美国建立客户服务业务。</blockquote></p><p> It should also be noted that while GameStop’s sales may not justify its valuation, it has used its higher share price to shore up its finances.</p><p><blockquote>还应该指出的是,虽然游戏驿站的销售额可能无法证明其估值是合理的,但它已经利用较高的股价来支撑其财务状况。</blockquote></p><p> “We further strengthened our balance sheet and capital position by raising more than $1.1 billion in net proceeds from the June ATM program,” he added.</p><p><blockquote>“他补充说:”我们从 6 月份的 ATM 计划中筹集了超过 11 亿美元的净收益,进一步加强了我们的资产负债表和资本状况。</blockquote></p><p> The company has just over $1.7 billion in available cash, an increase of over $1 billion since the year-ago quarter.</p><p><blockquote>该公司拥有超过 17 亿美元的可用现金,比去年同期增加了超过 10 亿美元。</blockquote></p><p> That comes from a $1.1 billion stock sale. GameStop has not tapped its asset-based revolving credit line and its only long-term debt is $47.5 million unsecured low-interest loan “associated with the French government's response to COVID-19,” according to the CEO.</p><p><blockquote>这来自 11 亿美元的股票出售。据首席执行官称,游戏驿站尚未动用其基于资产的循环信贷额度,其唯一的长期债务是 4750 万美元的无担保低息贷款,“与法国政府应对 COVID-19 有关”。</blockquote></p><p> Making Money on GameStop</p><p><blockquote>在游戏驿站上赚钱</blockquote></p><p> The GameStop meme phenomenon happened because a group of Reddit users from the WallStreetBets channel noticed that there was a very high level of institutional shorts on the stock.</p><p><blockquote>游戏驿站迷因现象的发生是因为来自 WallStreetBets 频道的一群 Reddit 用户注意到该股存在非常高的机构空头水平。</blockquote></p><p> Betting against short sellers when a stock is heavily shorted can (and, in this case did) push the stock higher, but shorting comes with risks, according to Real Money Pro contributor Doug Kass.</p><p><blockquote>Real Money Pro 撰稿人道格·卡斯 (Doug Kass) 表示,当股票被严重做空时,做空卖空者可以(在这种情况下确实)推高股票,但做空伴随着风险。</blockquote></p><p> “Shorting individual stocks exposes a short seller to tail risks associated with the sometimes lunatic trading at WallStreetBets, Robinhood et al, which routinely target stocks for short squeezes,” he wrote.</p><p><blockquote>“他写道:”做空个股会使卖空者面临与 WallStreetBets、Robinhood 等公司有时疯狂交易相关的尾部风险,这些公司经常以股票为目标进行逼空。</blockquote></p><p> “The market is littered with examples of this — like Digital World Acquisition Corp. (<b>DWAC</b>) (remember when the shares traded at $175) AMC Entertainment (<b>AMC</b>), GameStop, Ginkgo Bioworks Holdings (<b>DNA</b>), Robinhood (<b>HOOD</b>)(remember when the shares traded at $80?), etc. — in which tail risks to shorting are a bonafide investment threat.”</p><p><blockquote>“市场上有很多这样的例子,比如数字世界收购公司(Digital World Acquisition Corp.)。<b>DWAC</b>)(还记得股票的交易价格为 175 美元时)AMC院线(<b>AMC</b>)、游戏驿站、银杏生物控股(<b>DNA</b>),罗宾汉(<b>发动机罩</b>(还记得当时股票的交易价格是80美元吗?)等等——在这种情况下,做空的尾部风险是真正的投资威胁。”</blockquote></p><p> GameStop management has taken steps to stabilize its business and provide a path forward for the company to be a money-making entity.</p><p><blockquote>游戏驿站管理层已采取措施稳定其业务,并为公司成为赚钱实体提供前进道路。</blockquote></p><p> But, when you consider trades or investments in a company which loses money and has no clear path to meaningful profits, it’s important to remember that stock price often has no correlation to stock value — and even less relation to whether the share price will move higher or lower.</p><p><blockquote>但是,当你考虑对一家亏损且没有明确的盈利途径的公司进行交易或投资时,重要的是要记住,股票价格往往与股票价值无关,与股价是上涨还是下跌的关系就更小了。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/investing/what-is-gamestop-doing-to-become-more-than-a-meme-stock\">TheStreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\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.thestreet.com/investing/what-is-gamestop-doing-to-become-more-than-a-meme-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133682920","content_text":"GameStop (GME) stock has ranged between $12.14 and $483 in the past 52 weeks. Shares closed at $196.21 Tuesday, down 2.87%. The stock is up 941% so far in 2021.\nThat’s stunning volatility powered by a Reddit movement, speculation, and people trading the stock without actually considering the underlying business.\nThe company, however, does not control its stock price and has worked to use the unexpected rise in GameStop stock as a level to help it reimagine the business so it can actually increase sales and move from a loss ($61.6 million in the most recent quarter, an improvement from $111.3 million in the same period a year ago) to sustained profitability.\nTo do that, the company has cut its physical store count by 9% and has a detailed (if not fully explained) plan to transform its business. CEO Matt Furlong, working with Chairman Ryan Cohen (who founded online powerhouse Chewy.com (CHWY) detailed the progress being made on those efforts in the company’smost-recent earnings call.\nWhat Exactly Is GameStop Doing?\nFurlong said that his company has been refocused on the long-term goals: “delighting customers and delivering value for stockholders.”\nTo actually achieve those fairly vague objectives, he explained that his company has taken multiple steps in the second quarter to fortify its infrastructure and technology.\n\"We are focused on positioning GameStop to scale while obsessing over competitive pricing, expansive selection, and fast shipping. Our actions included continuing to add technology talent across the organization, including individuals with experience in e-commerce, UI, UX, operations, and supply chain.\n\"We also continued to expand our fulfillment network by adding a 530,000-square-foot facility in Reno, Nev. This new facility, which is expected to be operational next year, will position us to further expand selection and expedite shipping.\"\nThat Reno facility gives GameStop a fulfillment network that operates on both coasts as it joins another recently completed 700,000-square-foot facility in York, Pa., which began shipping orders during the quarter. That allowed the company to increase the selection of products it can ship across a variety of categories including consumer electronics, collectibles, toys, and more.\nFulfillment isn’t the only area the company has chosen on which to focus. GameStop has also been investing in customer service, according to its CEO.\n“We signed a lease on a new customer care facility in South Florida and started adding talent to that team as we continue to build out customer care operation in the U.S.,” Furlon said.\nIt should also be noted that while GameStop’s sales may not justify its valuation, it has used its higher share price to shore up its finances.\n“We further strengthened our balance sheet and capital position by raising more than $1.1 billion in net proceeds from the June ATM program,” he added.\nThe company has just over $1.7 billion in available cash, an increase of over $1 billion since the year-ago quarter.\nThat comes from a $1.1 billion stock sale. GameStop has not tapped its asset-based revolving credit line and its only long-term debt is $47.5 million unsecured low-interest loan “associated with the French government's response to COVID-19,” according to the CEO.\nMaking Money on GameStop\nThe GameStop meme phenomenon happened because a group of Reddit users from the WallStreetBets channel noticed that there was a very high level of institutional shorts on the stock.\nBetting against short sellers when a stock is heavily shorted can (and, in this case did) push the stock higher, but shorting comes with risks, according to Real Money Pro contributor Doug Kass.\n“Shorting individual stocks exposes a short seller to tail risks associated with the sometimes lunatic trading at WallStreetBets, Robinhood et al, which routinely target stocks for short squeezes,” he wrote.\n“The market is littered with examples of this — like Digital World Acquisition Corp. (DWAC) (remember when the shares traded at $175) AMC Entertainment (AMC), GameStop, Ginkgo Bioworks Holdings (DNA), Robinhood (HOOD)(remember when the shares traded at $80?), etc. — in which tail risks to shorting are a bonafide investment threat.”\nGameStop management has taken steps to stabilize its business and provide a path forward for the company to be a money-making entity.\nBut, when you consider trades or investments in a company which loses money and has no clear path to meaningful profits, it’s important to remember that stock price often has no correlation to stock value — and even less relation to whether the share price will move higher or lower.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1812,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/609761776"}
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