GameStop is a store that sells video games and other stuff. They were not doing well because they had too many stores that did not make money. So, they decided to close some of the bad stores and focus on making their remaining stores better. This helped them save a lot of money and make more money from selling things. Now, GameStop is doing much better than before and has a lot of money saved up. They are also making more money than many other big companies like Apple and Google. People who invest in GameStop are happy because they think the company will keep doing well. Read from source...
- The article title is misleading and overstates the significance of GameStop's Q4 earnings. While it did report profitability for the first time in over half a decade, this is not enough to smash Wall Street expectations or warrant such a sensationalized headline.
- BUY GME at current price of $130.76 (4% upside) based on strong Q4 earnings, profitability, and financial position.