Acushnet gives you representation from the consumer cyclical sector to go along with Comcast’s contribution to the communication services sector.Įdgewell Personal Care (NYSE: EPC) is the third of five stocks to buy instead of GME. That’s an incredible turnaround.Īs a result, it’s not surprising that GOLF stock has a one-year total return of 43.9%. Thanks to higher participation rates, Acushnet’s been able to reduce its debt levels from a leverage ratio of 2.3x in Q2 2020, at the start of the pandemic, to 0.7x at the end of Q2 2021. It makes golf equipment, golf balls, and golf wear under the Titleist brand and golf wear and footwear under the FootJoy brand.
Acushnet has benefited from this surge in interest. Golf, the game, not the symbol, became popular during the pandemic as a way to get outside while social distancing.
It trades at 9.5x TTM FCF compared to 185.7x TTM FCF for GameStop. Acushnet has 73.91 million shares outstanding for $5.29 TTM FCF per share. It currently trades around $50 and generates $391.0 million in TTM FCF. The $50 BuyĪcushnet (NYSE: GOLF) is the second of five stocks to buy instead of GME. The joint venture makes sense for both sides. ViacomCBS stock jumped more than 5% on the news.
#The pathless gamestop movie#
In terms of news, Comcast’s mid-August announcement that it’s partnering with ViacomCBS (NASDAQ: VIAC) to create a European streaming service called SkyShowtime that pulls together several different television and movie libraries.Įxpected to launch in 2022, it will have more than 10,000 hours of content, making it a formidable force in European streaming. Comcast has $3.03 TTM FCF per share based on 4.59 billion shares outstanding. Assuming GameStop has 76.8 million shares outstanding, it has a $1.12 in TTM FCF per share. It currently trades around $61 and generates $13.9 billion in TTM FCF.
Comcast (NASDAQ: CMCSA) is the first of five stocks to buy instead of GME.
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