• Analyst Rips Into GameStop as Company Searches for a Leader

    2 monthes ago - By Fortune

    One analyst has had enough of GameStop's ongoing leadership issues and issued an epic takedown of the company as he reiterated his ‘sell' recommendation for the video game retailer.
    Benchmark's Mike Hickey, in a note to investors following the retailer's latest earnings announcement, said he has “no confidence in management” and was especially bewildered at the promotion of Rob Lloyd to chief operating officer.
    “Under Rob's leadership as CFO, the stock peaked in Nov. 2013 at nearly $60, and subsequently fell an astonishing 77% as their poorly planned and miss executed diversification...
    Read more ...