Meme stock mania reignites as Keith Gill's mysterious post sends GameStop shares soaring despite shaky fundamentals.
"GameStop has just over $10 per share in cash generating an impressive 4% + of annual income, but no clear strategy to reasonably deploy capital," wrote Wedbush analyst Michael Pachter, in a note ...
Michael Pachter of Wedbush, in a note to investors, harshly criticized the meme stock and its management, calling it overvalued and aimless. "GameStop has roughly $10 per share in cash now ...
“GameStop has just over $10 per share in cash generating an impressive 4% + of annual income, but no clear strategy to reasonably deploy capital,” wrote Wedbush analyst Michael ...
GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told investors ...
Although GameStop is generating income, the company appears to have no strategy to deploy the capital and its operations are continuing to lose money, Wedbush analysts led by Michael Pachter said ...
Wedbush Securities analyst Michael Pachter said he does not see any signs the company's "core business is salvageable". "There is no turnaround, just stock sales to willingly foolish investors ...