+ Watch GME
on My Watchlist
The Company is a retailer of video game products and PC entertainment software.
late to the underperform game, but still expect more decline to come.
IT is going down my consultant says.
New xbox does not support preowned
No matter how well run, or how solid this company is there is one thing that will KILL gamestop. Direct digital game sales. Gamestop makes 40% of its revenue from used game sales, Remember what happened to Blockbuster video? When is the last time you saw Wherehouse CD store? The same thing that happened to music and movies is happening to the Video Games. Gamestop has its foot in the door of the direct digital download service but it is far too little far too late with Microsoft, Sony and other major publishers far ahead in the game. Their entire business model is backed into a shrinking corner, abandon ship!
Shares well sell-off once all the facts are known about new console from Sony, Xbox
Gamestop turns profits by conning kids and their parents. By reducing the consumers right to return, and offering a fractional % of real value when products are sold back as "used", they are able to stay afloat.Also, Microsoft likes them.
s&p 5 star, $37.14
Ahead of itself
Because to download a game it always seems to be way more money most people rather save $10-$20 buying a disc.
Within the next 10 years, all video games will be downloaded directly over the internet, with no need for physical disks that can be resold on secondary markets. As for their hardware resales, there is no reason that amazon and ebay won't eat their lunch. I cannot see this stock going anywhere but private or to zero.
I gave this one the red thumb on Investor Beat today. Too many stores, no real fight against digital distribution, too many headwinds, this will be a long, slow bleed. Pass.
Company could face bankruptcy as games shift to digital media.
Everything I read has bad news for this whole market
Steam was already eating their lunch in the PC games market. With the introduction of the Steambox products, the living room will be GME's Waterloo.
Digital distribution will send this brick and mortar retailer the way of Boarders.
Really don't like this store. So I buy FIFA 2013 - genius game. Love it. But it won't play. Has a scratch. I did not do anything remotely unreasonable with this game. But somehow it got a scratch. Even if all my fault, it must cost about $2 Max to just give m ea new plastic box with a disc in it. But noooooo, the guy at counter explained how it was definitely my fault, and best he could do was buy it back for half price. So I spent $60 whopping bucks and toughky-***tsky to me.Stores remind me so much of Blockbuster it's scary.
In the holiday season of 2013, the new Xbox and PlayStation 4 are coming out, along with a huge array of games. No doubt, GameStop, the top gaming retailer, will benefit greatly from this.
Trend toward downloadable games is strengthening. Recycling of physical media for games is a declining market. Company is boxed in and going the way of Blockbuster.
Digital distribution rendering physical distribution obsolete.
Investors should consider selling puts. You can achieve some very high annualized returns at strikes significantly below the current price. e.g.Jan 14 $25 strike at $4.55 has 20% discount and 20% annualized return.
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