GameStop: Likely Turning Into An Investment Company, Initiate With 'Strong Sell'
GameStop(GME) Seeking Alpha·2024-09-11 06:06
RiverNorthPhotography Under CEO Ryan Cohen's leadership, GameStop Corp. (NYSE:GME) is attempting to turn around the unprofitable merchandise. While I think Ryan Cohen has done a great job reducing costs and improving profitability, the gaming hardware and software retail market is likely to face strong competition from both game publishers and big retailers such as Walmart Inc. (WMT) and Amazon.com, Inc. (AMZN). As a retailer, GameStop is unlikely to successfully turn around their core business in the futur ...