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Strategies & Market Trends : Value Investing

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From: E_K_S8/22/2019 9:02:57 AM
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GameStop +9% as 'Big Short' guy pitches long case
Aug. 22, 2019 8:33 AM ET|About: GameStop Corp. (GME)|By: Clark Schultz, SA News Editor

GameStop (NYSE: GME) is up another 8.76% in premarket trading to extend on this week's recovery rally that was launched by Michael Burry's disclosureof holding about 3M shares through his firm.

Barron's landed a rare interview with Burry, during which he pitched the bull case on GameStop in detail. Burry notes that next year's new consoles will still use optical disk drives in a development that will extend GameStop's life significantly. He also lauded GameStop's balance sheet and noted that 90% of GameStop stores are free cash flow-positive. The full interview is full of inside baseball stuff and is worth a read from a GME long or short.



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I never looked at GME and/or considered it a value Buy. I did notice their retail stores and the one near me was empty. However, still see a lot of kids playing video games, especially those online, group play & shoot games.

EKS
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