GameStop Corp. (NYSE:GME)
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The Company is a retailer of video game products and PC entertainment software.
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The Company is a retailer of video game products and PC entertainment software.
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GameStop is in the same boat as Best Buy and Radio Shack. There are two kinds of retailers - those that can't be eaten by Amazon and E-Commerce, and those that can. Electronics retailers are firmly those that can and will be completely destroyed. Especially, those dependent on physical media that are going digital - namely, CD's, DVD's, Software, and Video Games. GameStop sells Video Games only and this makes them the prime candidate of the bunch to Short - big. I'm prepared right now to say goodbye to GameStop the stock, as in - they will be sold or taken private or go to $0. There is no strategy that can save their model.
That is extremely well-articulated, and I completely agree; although I think it's possible that the coming console wars might be very good to GameStop, I feel it's almost certain that GME will be a relic by the next one.