Specialty retail chain selling video games, consoles, electronics, and entertainment merchandise.Yahoo Finance ↗gamestop.com ↗
1 take · first discussed Jun 7, 2024
Commentary only — they've discussed this name but haven't made a call on it, so we don't attribute any call return to it. The stock's price chart and the takes are below.
The price since they started discussing it. Click a mention to see where it stood — these are comments, not calls.
The sole view provided comes from Friedberg, who holds a high-conviction bear stance on GameStop as of June 2024. He argues the stock is fundamentally uninvestable, citing a valuation of roughly 192x EBITDA — far above the typical 7–12x range for a profitable business — alongside a 12% annual revenue decline. No other hosts offered a competing thesis, so there is no disagreement on record; Friedberg's bear case stands as the only represented position. His core conclusion is that meme-driven momentum cannot justify the company's deteriorating financial fundamentals.
Friedberg lays out a detailed bear case: GameStop trades at ~192x EBITDA with revenue declining 12% YoY, making it fundamentally uninvestable at current prices — it's purely a speculative/meme trade.
this stock is currently trading at about 192 times EBITDA. A business that is profitable and you can say that the profits are stable and predictable and is likely not going to grow very much will typically trade for 7 to 12 times EBITDA. An”40:11