TheJoeG

GME WAVE 3 TARGET 1.618

NYSE:GME   GameStop Corporation
This looks like the beginning of WAVE 3, remember within a wave there will be 5 waves so we will see up down up down up all the way to wave three.... all Elliot wave time frames show very strong bullish , short, mid, and long. Time to eat.
Comment: A REAL VALUATION PERSPECTIVE:

Valutations = CASH AVAILABLE TO SHAREHOLDERS X PE MULTPLE or DIVIDED BY DISCOUNT RATE (1/PE):

Use their old ebitda margin, off of their sales right now, 8%.... be conservative use 5%, assume e-commerce growth at 20% (conservative) - they are actually grew triple digits.... and the other 2/3 of revenue -7-8% (conservative), 10-15% reinvestment project 5 years with terminal value.... discount rate 1/15 - 1/50 - just say 8%...... yeah bud.... $200 up to $1000 depending on discount rate..... very easy bro. EBITDA + Non Cash - Reinvestment = Cash Available To Share Holdes.... X PE multiple or divided by discount rate (1/PE)
Comment: I expect this third wave to be powerful and by end of year trading within the range that I mentioned about.... it's a large range because it depends on what PE ration you use 15,20, 50, 80? This is where we see FANG and other growth stocks at....

Also not sure about reinvesmment % - they may or may not need money to transform their business
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