What CNBC Got Wrong About the Game Stop Trade
Dumb Money’s Chris Camillo reacts to a CNBC interview clip where Social Capital’s Chamath Palihapitiya explains why the Game Stop trade is fair game. Needless to say, Chris was not too happy with CNBC’s take on $GMS and did not mince words in explaining why.
GMS distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada.The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.It also provides steel framing products, such as steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, lumber, ready-mix joint compound, and various other interior construction products, as well as ancillary products comprising tools and safety products.In addition, the company distributes wallboards, drywall, metal studs, and insulation and ceiling tiles, as well as commercial and residential building materials.As of April 30, 2020, it operated 264 branches across 44 states and the District of Columbia, as well as 5 provinces in Canada. The company also operates a network of approximately 260 distribution centers.The company was formerly known as GYP Holdings I Corp. and changed its name to GMS Inc. in July 2015. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia. (From: StockAnalysis.com)