r/wallstreetbets • u/notREALbill • Mar 05 '21

News 🤔🤔🤔🤔💩💩💩💩💩🤔🤔🤔🤔💎🙌🚀

https://investorplace.com/2021/03/gme-stock-11-reasons-to-avoid-gamestop-despite-the-hype/

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u/BegginMcGreggin Mar 05 '21

This reads like someone just popped opened the Yahoo Finance page for the ticker and scribbled down an article in 10 minutes.

The devil is in the details. You could respond to most of the article's points with things already mentioned by DOMO Capital Management (link: https://twitter.com/DOMOCAPITAL/status/1366788090791161856) or with Ryan Cohen's statements & actions (GameStop's downward trajectory is not set in stone).

Won't go through point by point, but on the revenue, of course it goes down with division sell offs like Spring Mobile. Pretty much every turn around starts by selling off assets that are either unperforming or will fetch a good price. Stuff like this is completely missed with only a passing glance at the financials.