GameStop: Collectibles, Bitcoin, And A Bigger Strategic Bet (NYSE:GME) | Seeking Alpha
HomeEarnings AnalysisConsumerSummaryGameStop’s Q1 results showed real progress, with collectibles growth driving higher revenue, stronger margins, and a return to operating profitability. GameStop is. . .
HomeEarnings AnalysisConsumerSummaryGameStop’s Q1 results showed real progress, with collectibles growth driving higher revenue, stronger margins, and a return to operating profitability. GameStop is increasingly using its balance sheet as a strategic tool through Bitcoin, eBay exposure, potential acquisitions, and buybacks. The proposed eBay acquisition could reshape the company, but it also brings meaningful execution, financing, and dilution risks. My SOTP valuation suggests shares are trading close to fair value, making a Hold rating the most reasonable call. jetcityimage/iStock Editorial via Getty ImagesInvestment ThesisI assign GameStop (GME) a hold rating due to the fact that the company has become far more interesting than your typical specialty retailer, with the current stock price already reflecting much247 FollowersAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure:Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.