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Gamestop: Has the Game Stopped?

Gamestop (NYSE:GME) reported very good news June 9, and the stock tanked. Source: quietbits / Shutterstock.com An adjusted net loss of 45 cents per share was offset by a sales gain of 25%, to $1.28 billion. This came despite closing 12% of the company’s stores.. As of May 1 there was still $770.8 million of cash on the books, as the company sold new shares to engineer a turn toward e-commerce, led by former executives of Amazon.Com (NASDAQ:AMZN).InvestorPlace – Stock Market News, Stock Advice &

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