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GameStop Corp. Message Board

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  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Only 10% of 2015 revenue was from digital sources....does not get much more brick and mortar. ROFLMAO!!!!

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    No I am looking at their financial statements and they have ONE stated segment you dolt. "Video game brands" is one line item and has accounted for 100% of revenue for as far back as I can see the data (2006).

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    OK I am done trying to have an intellectual conversation with you. You clearly are emotionally invested in Gamestop and unable to analyze it without being partial. Good day to you

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Gamestop may very well have a 4th segment of sales. That being video game publishing as they introduce their first product this Summer.

    4 segments!!! And you can only think of 1.

    No wonder you think Gamestop P/E of 6 is fair instead of 17. You are copletely clueless.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    BTW. Gamestop Digital sales (NOT BRICKS AND MORTOR) has consistently year after year been on the rise.

    So, go ahead and keep calling Gamestop as nothing more than bricks and mortor and video games. Shows what you know! LOLOLOLOLOL!!!!!! ROFLMAO!!!

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    1) You explicitly asked about retailers with issues so I provided them - no cherry picking. At least I provided retailers too - your "comps" are materially different businesses. It is ridiculous that you ask me for comps of a certain criteria and then when I provide them you call it cherry picking....huh?

    2) Why do you think Gamestop offers such a high dividend? If growth opportunities were as plentiful as you seem to think don't you think they would perhaps reinvest this capital instead of handing it to shareholders? Gamestop doesn't deserve a 16 P/E because its growth prospects are muted at best and this is supported by the guidance that the company's OWN management provided. So Gamestop management is wrong?

    3) Have you ever been to a Kohls? It sells a) cloths b) toys c) electronics d) home furnishings e) jewelry f) bed and bath. How is this not more diversified than Gamestop?!?!?!?

    I will concede that Bed Bath and Beyond is pretty similar to Gamestop in how narrow their offerings are but guess what BBBY trades at a suppressed price to earnings ratio (9)!!!

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Gamestop doesn't have 1 stated segment. Are you living under a rock? Give it up man!

    Texhnology Brands has been a 2nd stated segment for years now! Collectibles is a brand new 3rd segment!

    If you do not even know what Gamestop even sells, then why are you wasting everyone's time here?

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    As opposed to you comparing Gamestop to ed Bath and Beyond and Kohl's? ROFLMAO LOL LOLOLOLOLOL!!!!!!!!!!!!

    How about we compare Gamestop to Five Below using your logic??? Oh look!!! P/E is 44 times earnings!

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Kool Aid drinking? You must be downing Tuperntine to accuse me of that.

    1) All stocks you selected have a higher forward P/E multiple than Gamestop. Regardless of the fact the ones you selected are also below the average.

    2) You completely leave out a ton of facts to cherry pick away. For example, why not compare those stocks dividend pay outs against Gamestop? Let's compare total number of outstanding shares. Let's compare the diversigication plans of those companies versus Gamestop (in which Gamestop is opening upwards of 550 new stores internationally).

    If you want to suggest Gamestop doesn't deserve a 16 P/E multiple, it takes a whole lot more brain power than to just grab a few cherry picked stocks and point out their P/Es.

    Cause I can certaintly waste your time by coming back and cherry picking 5 or 6 retailers with higher P/E multiples.

    3) Those companies are more diversified than Gamestop? Says who? You bring up Bed Bath and eyond and and Kohls, a clothing store!

    Those companies you cherry picked all had much worse sales figures last quarter than Gamestop, by the way. Clothing retailers struggled all 2015, while Gamestop had multiple growth quarters and a full year of growth statistics. GME performed better last year than your whole lineup! So, how is it Gamestop isn't deserving of AT LEAST a higher multiple than all of them?

    Your lineup screams 13 PE for Gamestop at least.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Hahahahaha so instead of comparing GME to actual peers you choose to compare it to a beverage company (consumer staples) and a media company? Both of these "comps" have no brick and mortar sales operations and have historically traded at much higher multiples than GME. In addition and perhaps most importantly these businesses you have cited are NOTHING like that of Gamestop. Just give it a rest man. I expect Gamestop to be a solid stock but the idea that its price to earnings multiples will almost double is a fallacy.

    P.S. It cracks me up that you cite diversification as a driver for Gamestop. The company has ONE stated segment - Video Game Brands. Sure there is variability within that segment but all these products are very closely correlated.

    KOOOOOLLLL AIDDDDDD

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    DPS just like Gamestop suffered through a series of UPS and DOWNS. Where sales figures for 1 quarter were UP follpwed by an ugly drop in the next. But, the diversification plan was a long term growth strategy for the company. The CEO of DPS eventually proved that their strategy would be a success and a series of UP quarters folllwed suit.

    DPS is just 1 example. There are a ton of them in the stock market.

    No one is suggesting COMCAST Cable is a bad investment....Yet, they have to deal with Cord Cutters. Despite the cord cutting, Comcast is expecting a 9% annual sales increase.

    How is that possible??????? It is called diversification iBrowning! The company over the years diversified from just being a Cable company to being a content provider, acquiring movie production business (Jurrasic World).

    So yes, 1 line of business from Gamestop is seeing headwinds.... Hence, diversification away from it is happening. Hence, expected success from this growth strategy is not irrational.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Past performance is never an indicator of future performance. When DPS (Doctor Pepper Snapple Group) had their IPO, back in June of 2008, it opened with around a 12 P/E. In a fee months later it nose dived to $15 a share. Then it recovered to around $40 to $50 where it badically sat around for 2+ years. The P/E multiple for DPS was for several years significantly low compared to their sector peers.

    Now look at DPS. They have earned finally a solid fair P/E.
    Despite the headwinds of more people quitting drinking soda, with annual sales on the decline, DPS was able to get themselves to a far better multiple.

    Want to know how they did it? They accomplish this by year after year expanding into healthier, non-soda, non-cabonated drink choices. A simple move into Coconut Water wasn't seen as a big deal at the time... But, they kept expanding into one healthy drink choice after another.

    I am not a fan boy for simply recognizing that stocks can earn themselves a fair P/E despite headwinds, through diversification. Precisely what Gamestop is doing.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    I'm not saying Gamestop is the only retailer that has struggled recently. But let's give this more attention since you are adamant that GME is a 17 P/E stock.

    Other retailers that have had growth issues:

    Bed Bath and Beyond trades at a 9 forward P/E
    Kohl's trades at a 10 forward P/E
    Best Buy trades at a 10 forward P/E
    Macy's trades at a 11 forward P/E
    Staples trades at a 12 forward P/E

    Keep in mind that all 5 of these retailers are much more diversified in terms of offerings when compared to Gamestop and Staples is one of the largest online retailers in the world. Yet somehow Gamestop is supposed to trade at a 17? Drink that Kool Aid buddy!

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Bro I have been pretty vocal in the fact I think the stock goes higher post earnings so I don't understand how I am bashing. The stock has traded at a trailing 12 month price to earnings of about 9 since 2009, so the idea that somehow GME is going to rewarded a 17 P/E despite all of the perceived threats to their business is flimsy at best. The fact that you are unable or unwilling to acknowledge this reality makes you a fan boy as it is clear you are incapable of considering any balanced skepticism.

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Being rational means recognizing the positives and negatives and weighing them. Ibrowning, you should try that sometime.

    We have a company here that is massively expanding and diversifying away from game stores and Q4 2015 is clear evidence that this plan is working.

    Collectibles contributed greatly to a 3.1% same store sales growth. Tech brands carry healthier profit margins and contributed to revenue gains year over year.

    1 or 2 down quarters does not a bad investment make. Investors think long term....Long term picture is 50% of all profit will soon be from Tech Brands and Collectibles which carry higher profit margins.

    Digital may be cutting into earnings, but it hasn't been as devaststing as the P/E multiple of 6 would have you believe. 16 or 17 times earnings multiple is more than fair for Gamestop given that is simply the average multiple.

    Stop pretending that Gamestop is the only retailer that has struggled recently. We saw 2015 as a down year for all retail companies. Yet, they all seem to have higher multiples.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Fan boys? This is a company that plans to open 20 new Think Geek Stores in the U.S. plus 30 stores internationally, along with up to 500 new Tech Brands stores.

    All of that on top of VR and an upcoming New Nintendo Gaming Console system.

    And somehow we are irrational fan boys? What about you? You slend more time bashing Gamestop and never bringing up any of the positives and yet you pretend and boast here that you are the only rational one.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    All I am saying is expecting a company whose own management is modeling in for dramatically weaker Q1 numbers and down 3% same store sales for 2016 full year to trade at industry average price to earnings multiples is incredibly flawed and frankly you sound like fan boys instead of rational investors.

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Forecasting sales figures and how things end up can be quite different. For all we know, sales could be UP 3% once 2016 Q4 numbers are reported. Back half of the year is going to be very strong for Gamestop, depends on how much it can lift the less than stellar 1st half.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    It's funny how clueless Wall Street's speculators are. Video games are too different from movies to repeat Blockbuster for one thing.

    Sentiment: Strong Buy

  • Reply to

    EPS OF $3.90

    by chessheadfan Mar 28, 2016 5:19 PM

    Sales are going up again since 2013. look at the numbers.

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