3 ms·
How does any of this change GME's valuation? Any company can decide to get into anything - the existence of an opportunity that everyone is aware of doesn't im
by candybar 6y ago
How does any of this change GME's valuation? Any company can decide to get into anything - the existence of an opportunity that everyone is aware of doesn't impact the company's valuation unless the company's uniquely suited to exploit the opportunity. I don't see how GameStop is particularly well-situated to take advantage of e-commerce or streaming opportunities. They don't have any unique offerings or substantial online presence. They obviously don't have any real tech or product talent or expertise. They also primarily deal with console games and all new consoles lock you into their own online store. They are suddenly going to compete for 2nd place for PC games?
And, Ryan Cohen has no operational role at the company and changing an existing company is very different from building a new one. It's not just having some grand vision, but having the culture and talent to execute on it at every level. And it's unclear Ryan Cohen himself would have any particular expertise here - selling digital goods is very different from selling physical goods.
- ManifestTendy 6y ago>I don't see how GameStop is particularly well-situated to take advantage of e-commerce or streaming opportunities I don't massively disagree, but perhaps you underestimate the prevalence of their brand right now. Gamestop is salient in the gaming and internet communities. What of 'irrational' consumer behavior?