Current year guidance affirmed - that means shares are trading with a PE of 9.
Forward PE is 8.
Dividend is now 4.25%
In this upside down market, you have companies that will never post a dime of profit with mega-valuations, and then you have GME with over $9B in sales, consistent profitability, paying a very nice dividend, and you have idiots claiming the company will be out of business in a few months.
Take advantage of the tax selling between now and Jan 1...when the rest of the market is in trouble during the next 12 months, GME will keep chugging along as a solid performer.
if so, why did margins go up year over year in the latest quarter? it's not like digital downloads, walmart and all of the other bogey-men set to crush GME didn't exist over the last twelve months.
people have been saying that for a long time and yet EBITDA and FCF haven't changed a whole lot in five years. Volatile stock but a stable business.
actually, I think management has said that margins on used mobile devices is comparable to their other used merchandise. Plus devices are on a shorter product cycle and so turn more quickly than consoles.
I won' pretend to know the future, but I disagree on this one. Shorts think this is an easy one comparable to Blockbuster and Radioshack, because they are simplistically equating the them. They don't understand some key differences between these companies. Primarily, the difference in cost between movies (at about $10-19) vs videogames ($50-70). Those that think it will all go digital clearly aren't the patrons of these stores and therefore don't really understand why it is different from Blockbuster and such. I don't know of a single gamer that will pay $50+ for a download. They want the disk so they can get some money back on a trade when they're done with it. Sure, they could be in the minority, but remember the rebellion that occurred over MS Xbox One and their used games and DRM policy? The outcry was large enough to make them change course. If used games are so big that MS rethought their XBox One policies, I doubt GME is going to suddenly crumble overnight.
You want another bullet? VR Games. ALL digital and competing for the medium to hard core gamers dollars (unlike mobile games). Impact has not even been felt yet.
Sentiment: Strong Sell
True and so GME wont die quickly. Lets just say, best case scenario, they actually transition into some of these new business segments it will NEVER be the cash cow that used games is -- huge margins. So if they successfully transition, they will have a lower margin business that wont command a high earnings multiple. Either way the price will trend down. Of course with 50% short, it can pop at any time also.
Like JIM says get paid to wait, VA,CALM, are also sweet and NVDA is great besides the balance sheet. Drones they need to sell drones at Game Stop also maybe they do at some stores I'm not sure, not the GME I stop at anyway.
Blackbuster and borders never changed their model. GME is adding AT&T stores, collectables and will continue to diversify for the future. This is a great company with good management. I just enjoy the dividends while waiting for the stock price to rise.
It doesnt make sense, but then again the stock always gets hit everytime even with a minimal negative report such as this. I have been holding this stock for 5 years and dont plan to sell for at lest another two years. They are expaining their foot on our businesses. They are evolving. Just wait unitl next quarter and it will be back to the mid 40's.
Bad long term business. Report was bad but not that bad that the shorts didnt cover - 50% short - not surprising that it went up. Now that they have covered back to selling - everyone knows it doesn't have a future. Same as Blockbuster and Borders -- takes a long time to die but eventually dies -- trend is not your friend. Positive cash flow can turn quickly once more people download games
I was wrong game stop was closed NOT out of stock, sorry. Even better first place they go is game stop to buy so stay open longer. I mean closing at 7 NO NO NO stray open until 9 on sunday's after church tell kids go to church after we stop at game stop anything to get them going. Teach your children well and when they grow up, it will just be a habit and some habits are a good thing. AMEN live and learn some women like boys they are more then twice there age after they have been with a man 30yrs older then them for 15yrs. Guys like having a nice looking women by there side when they are over 60 yrs old and having a big chest is a must. I mean you can only F her so long but hold that chest all night and day. O YES I love the way they feel GOD given not man made. I could buy me a chest of my own and NO I'm not going to buy them well might but not that way. I sure hope one of JJ 4 grand daughters has a great chest GOD given set O YES, I'll will enjoy that all day and night. I just have to wait a few yrs until 18, then again old enough to smoke weed old enough to breed. TY JJ you will pay one way or another I PROMISE.
doing the downloading thing???? O WELL I'll check with some kids I know and TRUST nephew went to Game Stop to get a xbox and they where sold out, GME get your act together. Can't meet sales if you don't have product in stock, I'll give you this it was Mansfield TX. They are selling well there GOOD for business even wal-mart was out had to get it at best buy. KIDS don't wait if they have the money they are going to get it right then and there=== waiting SUCKS even pay extra to get what they want. So much like the drug business kids F older women to get STONED, ask JJ. She is enjoying her life before going to HELL, I mean she spent 15yrs with a old man who never F her before ED pills. They went to the doctor one time and he said that sometimes after sex he sweets and other times he is cold. JJ told doctor that is because we do it twice a year once during the summer and once during the winter== funny Craig, just what I heard. How do you know so much her daughter asked me, I know alot of cougar women in there fifties they want it all the time, like 18 yr old boys same sex drive. WHY LORD???? Then in there sixties it drops big time more about LOVE, caring, and TRUST. Fool me once shame on you, fool me twice shame on me. AMEN GME shorts taking profits its a win win for longs and shorts and GME is worth 80 200 million buy back and great qtr coming O YES. lets play all day