Wedbush analyst Michael Pachter’s latest assessment of GameStop (GME) is something of a double-edged sword. Following the headline-hogging game retailer’s latest quarterly results, the analyst was full of praise for the company’s top brass. “GameStop has navigated an exceedingly difficult competitive environment and has managed to reduce its net debt from a balance of over $100 million to a net cash surplus of over $200 million in less than two years,” Pachter said.
https://www.tipranks.com/news/article/gamestop-a-great-company-but-massively-overvalued