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by prewett
1968 days ago
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Revenue != profit. That $6.5 billion in revenue cost them just over $6.5 billion, so net they lost a little bit of money in 2020. The three years prior, net profit was between 0.3 cents/share and 0.5 cents/share. Additionally, revenue decreased from about $8.5 billion last year. So if the past four years are representative of future prospects, the value of GME's business is $0. But the assets - liabilities (book value) is about $5/sh. |
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