Gamestop earnings came out finally and they were worse than we feared. I personally thought they would be less than estimates of .11 per share.
Earnings came in at (-0.49) a share a massive blow to investors.
the 3rd quarter yielded -46% in sales of consoles.
18.6 million in operating loss
gamestop has also been buying back shares to help prop up share price.
looking at potential target of less than $4 but could potentially go less than $2
final note: this stock is a vampire stock like blockbuster. place your bets accordingly. lmk what yall think
Earnings came in at (-0.49) a share a massive blow to investors.
the 3rd quarter yielded -46% in sales of consoles.
18.6 million in operating loss
gamestop has also been buying back shares to help prop up share price.
looking at potential target of less than $4 but could potentially go less than $2
final note: this stock is a vampire stock like blockbuster. place your bets accordingly. lmk what yall think
GME repurchased 1/3 stock at $5.11 so if it breaches this point they will be in loss situation.
they are currently trying to maintain their price. if it breaches they are in trouble.