28th may is earnings report. Company has seen an increase of sales 1500% (due to covid)
Improvements seen from Q4 2019; 709mil to 380m = reduction in liabilities Debt ratio improved = 0.25 to 0.42 improved CCC. @ 45's = median of historical range.
Share Price to Fair value puts Gamestop @ 76.5% undervalued* In my own opinion, has the potential to be a good long term investment. Positive capital restructuring, positive sales outlook (if we're looking at a second wave of COVID + more lock in's - GME has a bored new market) Can potentially see 100%+ upside in the longer term.
Technicals':
Coming up off a bottom, and creating a bullish Over Under pattern. Consider buying as close to the mid to high $3's.