I see 40 to 42 also by February. With share buyback earning should reach 4.50+ annually with a 3%+ dividend. Can always rethink. With 7k outlets major innovators and new products new Gamestop stores. Strength is in the numbers and I see an opportunity for 50 come February.
Hang in there beefstu... sell some Jan40 calls they're getting some good premium, on today's up move. I foresee a retrace off this bottom back to 40-42 after Holidays sales are known...
Tytus.... I appreciate your bullish attitude about this stock but so far it has been a total bust for me. Early gains this morning and now disappearing despite the Dow approaching a 200 point gain.
I'm seriously thinking about cutting my losses and moving on. Looks to me like this is headed to a 2 handle by end of the first quarter next year.
gme on serious buyback program, dont know if this is the case but moving under 100m shares outstanding soon. Stock heavily shorted but margins have actually risen and continue to go up from previous quarters. This quarter will be very profitable and shorts could have a problem real soon. GME buyback is great at these levels instead of the 40 range. Tradeoffs for shareholders occurring at this time, either way is fine. Shareholder will gain a return of over 12% just from these buybacks, probably more.
SERVICE SERVICE SERVICE
Although adjustments must be made by each and every corporation in todays world, GME customer list and satisfaction is huge. GME is a major driving force behind gaming and with over 7k stores reach is important. You are wrong about the future, next generation will still require GME type outlets to meet customer and service needs. The internet is a social media outlet and retail commerce will grow only so slightly from this time forward. Men want to play golf and watch sports, women want to shop stores, touch everything before they purchase. The idea that internet retail commerce will continue upward is only so slight.
Let's see where the stock goes today, a break of $30 could be detrimental. Keep an eye on the market and the stock this morning. If it bounces off that $30 level buy, if it breaks the YTD support, watch out below. Have your mouses ready. Today or tomorrow could be the day to make money on this stock.
I don't disagree, I still think for a short-term hold there is a significant upside to this before it comes tumbling down. To your point: Why would game publishers pay a middle man (GameStop) to sell their games for them when they can sell them at the same price for higher profits and more convenience for their customers. It's a win win for game makers and a $0 stock price for GME in 7-10 years that mirrors the path of RadioShack ($RSH)
The new consoles will have tons of memory for easy digital download. I don't think you will need the discs anymore, especially when next gen comes in 4-5 years. Outlook is BK in 5 years. Tell me why I am wrong.
Sentiment: Strong Sell
If you look back at my older post around $37 I said wait till it comes down to 33.50 and buy.....look where it turned today, 33.40....I would change my opinion to a buy at 33.15 at some point tomorrow. Don't miss out here this has huge upside potential at this price for very little downside risk
Cramerica is poor. One guy called in and called him out on his bs …he was like" hey Cramer, I bought XYZ stock that you recommend and it's down huge!"
Cramers response: "I'm not good in the short-term but I have proven myself time and time again in the Long-Term"
LOOOL - what a loser. A child could pick good stocks for LT trades….he's such a joke, I hate that guy.
20 Million shares in float, 40 millions short at this time. 90 million shares held by top 20 funds holding. No doubt that one or more of these funds is shorting there own stock heavily or shorting shares that truly don't exist like during the financial crisis. GME is a screaming buy