Investor Presentaiton
GameStop's Board Does Not Even Attempt to Defend Much of Its Woeful Record
The Company's presentation fails to address the following:
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Horrible long-term and recent TSR, including in the period subsequent to the appointment of the new CEO
and the announcement of its new "strategic plan" - in every period, GameStop has underperformed its
historical peer group and the Dow Jones Specialty Retailers Index (GameStop's own chosen index)
Declining fundamental financial performance, which shows no sign of being arrested by the "strategic
plan"
The skepticism among shareholders as evidenced by declining multiples and a short interest in the stock
of over 100%, as well as its March 2021 Notes recently trading below 70 cents on the dollar
• Bearish views of sell-side analysts, none of whom rate the Company a "buy" despite the new "strategic
plan", and the Company's own bank (BofA) has a sell rating on them.
⚫ Massive guidance misses, including three revisions to guidance in a four month period, hurting
management credibility
restore
GameStop
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