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Varchild2008 (86.15)

You have GOT to be KIDDING me!!

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October 14, 2010 – Comments (7) | RELATED TICKERS: GME

The Financial Sector takes a frightening plunge as investors panic (rightfully so) over the foreclosure fiasco which will force these foreclosed homes to soak the banks....cause they can't sell these homes if they can not find a good TITLE for them... and they have to go fix the paper work on all of them....

This is a complete mess....

And what happens with the overall stock market?  *shrug*   It *shrugs* off what clearly is reminiscent of 2008.  If this was 2008 the DOW would be down 600 points today....600 more tomorrow.

But... No one cares.... I guess the Obama Prayer Circles to cleanse the Bad Spirits are really really doing a great job...workin overtime on those bad, dirty, spirits out there!  

Anywho......Moving on to Stocks....

I do want to talk a bit about GAMESTOP...(GME)

GME's solution is to join with Verizon Wireless and Best Buy and Walmart and announce that the APPLE IPAD will be sold at their stores.

P.S.  I strongly believe that the C.E.O. and Upper Management of Gamestop needs to think outside of the box.  I really really really am baffled... I submitted Gamestop at least 1 genius idea through their Survey program.... I want the ability to basically access an electronic Ordering catalog so if I do not find the Video Game used or new in their store I can still buy the thing off the Gamestop Website.

The problem is that by the time I go home I may be too exhausted / tired to buy the video game off the Gamestop Website..... (OR) I may just up and buy the thing at Best Buy or Walmart....

Gamestop can take away a lot of business from everyone else by making sure they get the VIDEO GAME into the Consumer's Hands one way or another.   Not by sitting around sucking their thumbs and saying... "Oh Woe is us.... People are Netflixing their Video Games to their Console through XBOX Live.... Waaaah.... Waaaah..... Waaaaah"

WAKE THE *&^% UP  GAMESTOP  before it is too late.....

Sure...  The earnings have not shrunk this year.. .They have grown by 13% or so.....year over year...   BUT GIVE ME  A COTTON PICKEN BREAK.....  A lot of shareholders should be absolutely incensed this year with (GME).

GME does not deserve to be priced at $18 handle....  What in the world is that?????

That is not a punishment to the stock due to earnings.... which are up..... It is obviously a bunch of big money investors are VOTING WITH THEIR WALLETS that the Management of Gamestop does not want to do ANYTHING with their money except some brainless "fill out this survey" program that never leads to anywhere as far as I can tell.

I gave you some ideas here in this blog post.. I gave you some filling out that survey....

How's about you respond to your Shareholders by using a little common sense????  Wake up before your competition puts your entire business into the toilet.

And I would not be anywhere close to this passionate here if I was not but a GIGANTIC FAN of Gamestop... I Drive 20+ miles to go to a GAMESTOP and pay $3 or so to park at the parking structure.... I do all that.... Cause I love the customer service that Gamestop has....

Well?????  That's how you win.... Customer Service.....  Get with the program.... The next time I walk out of the Gamestop without purchasing a video game cause the store didn't have the title on the shelf speaks volumes about the Quality of this Management....

You know what folks?  I'll even pre-announce that I am going to shop at Gamestop this weekend cause I am.....  And I'll let you know if I found what I was looking for....And if there was any option for me at the store to ORDER what I couldn't find....

They got space to put up DEMOs of Video Games like Guitar Hero..... So they should use the space to put up a Cheapy Computer with their Website on it....so people can go through their Catalog and order the game they couldn't find..... Why the heck not???

If (CBOU) can purchase an OVEN and place it into their stores..... Then (GME) can buy a cheapy $300 Laptop.... or better yet....  AN IPAD!!!!!!

7 Comments – Post Your Own

#1) On October 14, 2010 at 6:53 PM, Varchild2008 (86.15) wrote:

CLARIFICATION IS IN ORDER:

Don't get me wrong.... What I am incensed about here is the lack of any noticeable way to order a video game that is OLD...

Say you missed out on QUAKE 4 which came out years ago.
That is a good decent title... You want a NEW or USED QUAKE 4 game for the PC Computer.

This title is hard hard hard to find if you only have a bunch of Shelves to browse...

And let's face it... Gamestop has almost completely abandoned the PC COMPUTER in terms of selling video games not named WARCRAFT.

So.. It is really really challenging to buy QUAKE 4.....Or any older PC Title.... If all I have is a small shelf or 2 of games.

But give me an IPAD with your Catalog of USED Games then increase the probability that I will find a copy I can order through your Website.....You increase your chance of making a SALE for those Customers seeking out a Video Game title that is not that well known......

I may want something even more ridiculously old.... How's about SYBERIA  II?????      Doubt most of heard of SYBERIA much less the sequal...

And yet.... Guaranteed am I to be disappointed over and over if I walk into a Gamestop....and you bet... I ain't going to find a video game from 2005 or older.....  I am not ...... Especially not a PC game...

But.... GAMESTOP could have copies of older titles (They do carry them on their website)....and I would not know that unless I travelled back 20+ miles to my home and thought to log onto GAMESTOP and buy it.....

You know what I would do instead?  I'd buy the thing half a block down at Best Buy or whatever....If they have it... Or at least I'd look to see if they have it.....  I would probably stop at a bunch of competitors before I ever logged onto GAMESTOP.COM to buy it. 

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#2) On October 14, 2010 at 8:44 PM, blesto (31.03) wrote:

I feel your pain.

And if you did stop at Best Buy and they didn't have it in the store and if it is on their website, you can order then and there and have it express delivered no problem.

Done it.

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#3) On October 14, 2010 at 8:54 PM, Varchild2008 (86.15) wrote:

But, I can seriously recall several times buying a game at Gamestop's competitor before ever bothering with buying it on the website.

Gamers like me are the most impatient types.... We seriously can't wait 24 hours for over night shipping.  We can not.

Not when I may find what I wanted...at Best Buy.... or Game Quest.. or Walmart... or Target.... Or where-ever else and play the thing the same day I buy it... Have it in my hands.... 

I want it now!!!  Not 24 hours from now...

So expecting me to buy the thing on www.gamestop.com as a first resort or second resort or third.... is wishful thinking...

BUT

If that option is made available and at the ready inside the Gamestop Stores then I may be motivated to place the express delivery order.

Furthermore....  www.gamestop.com  is an extremely powerful tool..... You can find the game at a different Gamestop and it will have the address and directions to get there....

There's a lot that Gamestop website offers that many many people probably never bothered to take the time to find out.

And why would they?   You are not going to find an 18 year old that will choose 24+ hour delivery service when there's always BEST BUY.

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#4) On October 14, 2010 at 8:58 PM, Varchild2008 (86.15) wrote:

1 more thing..

I used to live in WARREN and when I did there were 3 Gamestops at least at 1 point in them there were.

All 3 Gamestops were relatively close to each other.

So... Again....  If every Gamestop had the Website sitting there at the ready then I could find if the other 2 Gamestops have the title....

Sure.. I can always ask the store clerk but how many customers would think to do that versus have the Website right there in front of you?

Of course we live in a iPHONE era and I guess I can access the website with my iPHONE....  But.... I haven't been... Cause... I don't think to!

So I really have a hard time figure out what is so ridiculously difficult to understand here...  If an iPAD or LAPTOP is visibly right there acting as an ordering device.... People will use it!

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#5) On October 14, 2010 at 10:41 PM, HarryCaraysGhost (99.64) wrote:

Hi Varchild,

Since you keep track of Video Games, I was wondering if you had an opinion on Mad Catz Interactive.(MCZ)

I bought 1000 shrs awhile ago just to trade the volitility, and made some good money. But I'm still sitting on 200 shrs.

So just wondering if you had any thoughts.

Thanx.

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#6) On October 14, 2010 at 11:45 PM, BillyTG (29.39) wrote:

You just made the case for them being my newest CAPS short:)

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#7) On October 18, 2010 at 1:26 PM, ShutTheFrontDoor (67.26) wrote:

I have a friend who buys tons of used games off Gamestop's website and just resells them on Craigslist or Amazon.  That's all their site is good for.  The Gamestop model as we know it is done and it doesn't seem to me like management is on the ball here.  However, from a fundamental and quantitative standpoint the stock is starting to look real cheap and one more leg down could present an excellent buying opportunity.  Let's not forget that GME is still a very profitable, growing company and it seems like the market is overdiscounting that fact.  Will definitely be keeping an eye on this one.

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