SVCTF - GameStop rallies again as the bull case strengthens
GameStop (GME) is up 3.96% after Senvest Management (SVCTF) becomes the latest institutional investor to take a position with a 5.54% stake. The firepower lining up against the heavily-shorted retailer is listed below. GameStop is now up more than 30% since announcing a partnership with Microsoft. Even with that move, DOMO Capital Management's Justin Dopierala thinks the market might not be factoring in the full potential of the MSFT deal. "The GameStop and Microsoft revenue sharing agreement appears to be more material than originally indicated by many analysts covering the stock. After a lengthy discussion with GameStop, DOMO Capital's understanding is that GameStop will revenue share on all downstream revenue (including downloadable content and full game downloads) over the lifetime of every new or pre-owned next-generation device they sell allowing GameStop to capitalize on the booming DLC spend as well as Microsoft’s recent acquisition of Bethesda," notes Dopierala."As the only
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GameStop rallies again as the bull case strengthens