$22.94
0.06 (+0.26%)
GameStop Corp. (NYSE:GME)
CAPS Rating:
The Company is a retailer of video game products and PC entertainment software.
The Company is a retailer of video game products and PC entertainment software.
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Recs
Recent pullback makes this an excellent buying opportunity.
1) Critics that say that the "big" game releases have already shipped for this year are wrong. Ever heard of Metal Gear Solid, Gears of War 2, or even the next World of Warcraft expansion? Not to mention the sure fire success of the sequels of hits of last year, including such titles as Madden, Guitar Hero and Call of Duty.
2) Next generation consoles (PS3, Xbox360 and Wii) have only penetrated approximately 1/3 of households with a last generation console. Current software sales are only the tip of the iceberg.
3) Interactive entertainment is not only here to stay, but is the future of entertainment. Couple that with the fact that the age of the average gamer is growing older over time and we have a customer base that is simply getting bigger with every child reaching prepubescence, we have story for growth that is hard to match.