Gamestop (GME) reported 4Q21 earnings Thursday after the close. The holiday quarter is their strongest but it was not a good one. Revenue was up only 6% year over year and they lost $1.86/share. For the full year, GME lost $331 million and free cash flow was -$496 million. Due to timely share sales during the meme stock frenzy, GME has $1,271 million in cash on its balance sheet so it is not in immediate danger of going bankrupt. However the emphasis is on “immediate”. GME is bleeding money everyday and it’s intrinsic value is $0. Shares are currently -8% in the after hours.
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