Esports Entertainment Group (GMBL)
Why GameStop Needs to Buy $GMBL…Listen To Your Customers
$50 Price Target
GameStop’s (GME) stock is up again as traders /investors have adopted this company as a trading vehicle. What we learn from the past 4 months in GME are 2 easy takeaways. People love video games and people love to gamble. So now, in order for GME to keep maintain a high share price…they must change their narrative NOW.
There is one way for GME to seamlessly both pivot away from its secularly declining retail business and monetize its customer database, and that answer is to acquire Esports Entertainment Group (GMBL).
As noted by Ryan Cohen, one of GME’s most valuable assets is the company’s “large customer base and 55 million PowerUp members”.
https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf
Instead of selling these people low margin hardware and video games, GME should become the software and more important the BETTING platform for their gamers to compete in and bet on E Sports.
Citron urges GameStop- Listen to what your customers are telling you, embrace it.
Watch the discussion below.
Citron Research discusses Esports Entertainment Group (GMBL) with Paul Dawalibi of Obsidian VC.
