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Stock impact report

Is GameStop Stock Going to $0? [Globe and Mail, The (Toronto, Canada)]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
To answer the headline off the bat, no, GameStop 's (NYSE: GME) stock is not going to $0 anytime soon. The reason is that it has a fortress of a balance sheet. It has $9 billion in cash and marketable securities to go along with another nearly $370 million worth of Bitcoin . Meanwhile, its nearly $4.2 billion in debt is in the form of convertible notes that pay 0% interest and can be settled in stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » That said, the stock could have a lot of potential downside from here. The company has a market cap of over $11 billion and an enterprise value (EV) of around $6.5 billion. If, instead of using a price-to-earnings (P/E) ratio , we use an EV-to-earnings ratio because of GameStop's large cash position, the stock trades at a multiple of about 15.5. For a company that Show less Read more
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