Gamestop A Great Stock On Sale

​Gamestop a Meme stock that is grossly undervalued
 
Gamestop was cheap at 17 dollars and expensive a 450 but if you look at pure asset value and current sales. It is easily a 200 dollar stock currently trading at 42 dollars.
 
Gamestop currently trades at only two times sales while the typical multiple for an internet company is seven times. With 2.7 Billion in assets and a 2.3 Billion dollar market cap you are getting their E-commerce gaming business for basically free.
Heavy short interest means another short squeeze could be coming but even without one you have a massive sale. Gamestop was hit hard by the pandemic but it has several positive drivers for its turnaround.
 
They have an established gaming brand, heavy insider ownership and a recent 12% increase in insider buying all are bullish signals. Some other positives include leadership changes including former senior leadership at Chewy.com.
Even without any turnaround progress the stock is a 130 dollar value worst case but that feels extremely pessimistic. The insider and institutional buying tells me I am not the only one that thinks the stock is dirt cheap.
 
We have Gamestop rated as a strong buy with a 200 dollar price target in our opinion now is the time to back up the truck.