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Can GameStop Stop the Bleeding?

TheMotleyFool

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Can GameStop Stop the Bleeding?Photo, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of GameStop (NYSE: GME) were down more than 10% on Sept. 11, the day after the retailer reported a second-quarter adjusted loss of $0.32 a share. That was $0.10 worse than Wall Street's consensus and more than triple last year's loss for the same period. Year-to-date, the stock has plummeted over 64%, and this weak performance follows management's decision to eliminate the quarterly dividend back in Q1.

Despite the appalling year-to-date performance and lack of a dividend, there are reasons to believe strongly in GameStop's potential.

Image source: Getty Images.

Source Fool.com

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