From Bearish News:
Overvalued companies are everywhere these days. Gamestop (GME), however, is not one of them. It looks like a good deal to me at these levels. Disclosure: I recently bought GME.
If you aren’t familiar with the company, they operate a huge chain of retail video game stores. And they just reported a solid quarter, beating expectations. They were able to buck the market’s downtrend late in the week.
A particularly profitable part of their business is used games. Games have a limited shelf life for individual players. When they get bored, GameStop offers...
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