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Fly News Breaks for May 26, 2017
GME
May 26, 2017 | 07:49 EDT
Loop Capital analyst Anthony Chukumba believes GameStop's Technology Brands business heavily influences investor perception of the company's "terminal value" and he sees the profitability shortfall in that segment as something that gives him pause at a time when he says the company doesn't need "another thing to worry about." Noting GameStop reported much better than expected Q1 results in spite of the Tech Brands profit issue, Chukumba keeps a Buy rating on the stock, citing valuation.
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