D len Yip
2021-12-01
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What Is GameStop Doing to Become More Than Just a Meme Stock?<blockquote>游戏驿站正在做些什么来不仅仅成为一只模因股票？</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，股价波动在12.14美元至483美元之间。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>这是由Reddit运动、投机以及人们在没有实际考虑基础业务的情况下交易股票造成的惊人波动。</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帮助其重新构想业务的水平，以便能够真正增加销售额并摆脱亏损（最近一个季度为6160万美元）。季度，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）的业务转型计划。首席执行官马特·弗隆(Matt Furlong)与董事长瑞安·科恩(Ryan Cohen)（他创立了在线巨头Chewy.com(<b>CHWY</b>）在公司最新的收益看涨期权中详细介绍了这些努力所取得的进展。</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>弗隆表示，他的公司已重新关注长期目标：“取悦客户并为股东创造价值。”</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>为了真正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>“我们专注于将游戏驿站定位为规模化，同时痴迷于有竞争力的价格、广泛的选择和快速运输。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、UI、UX、运营和供应链方面具有经验的个人。</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平方英尺的设施。这个新设施预计将于明年投入运营，这将使我们能够进一步扩大选择并加快运输速度。”</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700,000平方英尺的工厂。，该工厂在本季度开始运送订单。这使得该公司能够增加其可以运输的产品选择，涵盖各种类别，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>履行并不是该公司选择关注的唯一领域。游戏驿站首席执行官表示，该公司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：“我们在南佛罗里达州签署了一份新客户服务设施的租约，并开始为该团队增加人才，同时我们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合理，但它已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>他补充道：“我们从6月份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>该公司的可用现金略高于17亿美元，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。首席执行官表示，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相关”。</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>游戏驿站模因现象的发生是因为WallStreetBets频道的一群Reddit用户注意到该股的机构空头水平非常高。</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（在本例中确实如此）推高该股，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：“做空个股会让卖空者面临与WallStreetBets、Robinhood等公司有时疯狂交易相关的尾部风险，这些公司经常针对股票进行轧空。”</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>“市场上充斥着这样的例子——比如Digital World Acquisition Corp.（<b>DWAC</b>）（还记得股票交易价格为175美元时）AMC院线（<b>AMC</b>)、游戏驿站、Ginkgo Bioworks控股(<b>DNA</b>)、罗宾汉(<b>发动机罩</b>）（还记得股票交易价格为80美元吗？）等——其中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>游戏驿站管理公司已采取措施稳定其业务，并为公司成为赚钱实体提供前进的道路。</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，当您考虑对一家亏损且没有明确途径获得有意义利润的公司进行交易或投资时，重要的是要记住，股价通常与股票价值没有相关性，与股价是否会上涨的关系更小或更低。</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>游戏驿站正在做些什么来不仅仅成为一只模因股票？</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>游戏驿站正在做些什么来不仅仅成为一只模因股票？</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，股价波动在12.14美元至483美元之间。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>这是由Reddit运动、投机以及人们在没有实际考虑基础业务的情况下交易股票造成的惊人波动。</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帮助其重新构想业务的水平，以便能够真正增加销售额并摆脱亏损（最近一个季度为6160万美元）。季度，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）的业务转型计划。首席执行官马特·弗隆(Matt Furlong)与董事长瑞安·科恩(Ryan Cohen)（他创立了在线巨头Chewy.com(<b>CHWY</b>）在公司最新的收益看涨期权中详细介绍了这些努力所取得的进展。</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>弗隆表示，他的公司已重新关注长期目标：“取悦客户并为股东创造价值。”</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>为了真正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>“我们专注于将游戏驿站定位为规模化，同时痴迷于有竞争力的价格、广泛的选择和快速运输。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、UI、UX、运营和供应链方面具有经验的个人。</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平方英尺的设施。这个新设施预计将于明年投入运营，这将使我们能够进一步扩大选择并加快运输速度。”</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700,000平方英尺的工厂。，该工厂在本季度开始运送订单。这使得该公司能够增加其可以运输的产品选择，涵盖各种类别，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>履行并不是该公司选择关注的唯一领域。游戏驿站首席执行官表示，该公司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：“我们在南佛罗里达州签署了一份新客户服务设施的租约，并开始为该团队增加人才，同时我们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合理，但它已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>他补充道：“我们从6月份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>该公司的可用现金略高于17亿美元，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。首席执行官表示，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相关”。</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>游戏驿站模因现象的发生是因为WallStreetBets频道的一群Reddit用户注意到该股的机构空头水平非常高。</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（在本例中确实如此）推高该股，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：“做空个股会让卖空者面临与WallStreetBets、Robinhood等公司有时疯狂交易相关的尾部风险，这些公司经常针对股票进行轧空。”</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>“市场上充斥着这样的例子——比如Digital World Acquisition Corp.（<b>DWAC</b>）（还记得股票交易价格为175美元时）AMC院线（<b>AMC</b>)、游戏驿站、Ginkgo Bioworks控股(<b>DNA</b>)、罗宾汉(<b>发动机罩</b>）（还记得股票交易价格为80美元吗？）等——其中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>游戏驿站管理公司已采取措施稳定其业务，并为公司成为赚钱实体提供前进的道路。</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，当您考虑对一家亏损且没有明确途径获得有意义利润的公司进行交易或投资时，重要的是要记住，股价通常与股票价值没有相关性，与股价是否会上涨的关系更小或更低。</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":837,"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":11,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/609763011"}
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