GameStop: Cash On Hand, But Questions Remain

DanBrandenburg/E+ via Getty Images Last March, I initiated my coverage of GameStop Corp. (NYSE:GME) ahead of its Q4 2023 earnings with a buy rating, predicting the video game retailer to beat estimates. While GameStop's actual results fell below my expectations, its stock is up more than 110% since then, largely due to the resurgence of its "meme" status. Seeking Alpha On June 8th before market bell, GameStop unexpectedly reported disappointing Q1 2024 earnings highlighted by a steep 29% decline in revenues ...