Finally, Some Good News for GameStop
Four months ago, I said that I wouldn't touch GameStop (NYSE: GME) stock with a 10-foot Energy Sword before the company makes some radical changes to its business model. Since then, GameStop has made many of the changes I was looking for, though that fact has largely been lost in coverage of the ultra-volatile Reddit short-squeeze campaign.
So let's take a closer look at what's new with GameStop. Are the strategy changes deep enough to make me believe in a serious turnaround?
To recap, GameStop was up to its knees in alligators a year ago. The company was struggling to keep the lights on, looking forward to the then-upcoming launch of next-generation video game consoles to turn the ebbing tide and save its bacon.
Source Fool.com
