When I first said Obama's House of cards is about to crash, noone wanted to believe in this forum. How about now??? The fake Wall Street Pump job Obama performed with Quantitative Easing Schemes has shown itself to be a dead cat bounce of epic porportions. Now as the market falls, more and more people are seeing the economy's true colors and those colors are not good ones.
Gamestop investors will have to ride this mess out. But, with a 3K penalty for not buying health insurance around the corner, oil companies slashing jobs, international companies slashing jobs, and a 52% jump in health care premiums (like Medicare part B), riding this iut won't be for the faint at heart.
Sentiment: Strong Buy
Game Stop has its game on like me=== JIM said this morning on CNBC CEO low balling not what he said the CEO said he wanted to make sure to meet est. and he will beat. I THINK those # are already in after the first month, watch them blow away the est O YES game on
new game out today MAD MAX and forgot name I'm not a gamer but two new games out. So like JIM said on CNBC this morning CEO low balling outlook and then the next qtr is the big one eps 3 bucks, start wars and who knows what else. Shorts are buying calls to cover lost sept. 18th 45 strike so 50 pps in a couple of weeks. The shorts if one starts to cover the others will follow and LOSE more then the first to cover. AMEN my two cents
1.44 dividend at 42 pps is 3.4% return
income continues to be very strong
balance sheet is incredibly strong
same store sales increasing
diversification already returning major dividends
geek stores turning into profit centers / holiday income will be huge
gme closes stores that are not producing / great lease contract negotiations
playing this stock at a price below 46.00 with over 3% dividend is dangerous buying this stock at 43 or below is a money maker
secretary said he is our Pastor and I don't like your words. He said I was going to donate 5,000 to the church. She said hold on MR. Piggy just walked in the door.
oops I am not always right BUT I am never wrong give it another qtr LOW BALLING they said it in the CC. its a investment NOT a trade gamers are back. FIFA 16 soccer is a winner and what about star wars in next qtr outlook OK. NBA, call of duty, grand theft auto, and many many more PLUS GME is move then just one thing TODAY. I like the div paid to wait JIM taught me well
The major reason going down is gme guided new software down. If you look at EA and ATVI, their guidance all down from YOY, It looks to me that gaming industry is comping good quarter last year. With all the new games scheduled to release after late OCT. A good entry point to me. Much better than 47-48, IMHO.
They have the money to do it and under 43 which was the avg cost pre share last time so WHY NOT just do it. I say OK make short interest even higher naked shorting and RECORD qtr might be coming??? With all the new games I count about 6 new games so far this yr.
I thought that was odd too that several different houses upgraded the stock, several increased their target price, and yet one dope downgrades the stock and it sinks the stock. Heck, there's even been comment by Piper Jaffray that essential says the bear-thesis isn't playing out.
"Piper Jaffray analyst Michael Olson said GameStop (GME) reported "strong" Q2 results, primarily driven by new hardware sales and upside in its "other" segment revenue. Olson said the bear thesis of secular decline in the video game industry is not playing out, with the industry now into the "renewed growth phase" as the footprint of next generation consoles keeps outpacing the last cycle. The analyst, who expect trends in the sector will continue to improve in the second half of this year and into next year, keeps an Overweight rating on Gamestop while increasing his price target for the stock to $57 from $56."
two raised price targets and Benchmark downgrade which had a HOLD rating missing the run to 52-week high 38% higher with a hold==== sounds like they are WRONG again from hold to sell and the TWO others raised price target PLUS had a raised price target what two weeks ago. I say its three against one and the one was wrong from the start==== listen to CC buy buy buy AMEN they even said to make sure they meet est. called low balling. Benchmark better cover wait for raised outlook or next qtr PLUS second half. I'm I making sense or am I just upset ??? Benchmark needs to go sit on the bench they have it marked for them stay out of the game. Missed the run and trying to look good just making it worst give GME another qtr and Benchmark never heard of them and I understand why today. They SUCK hold up 38% already this year better cover Bench=== mark this post your junk rating to SELL O PLEASE
Mike Hickey should resign. Awful analysis - did he seriously just bring up the digital download issue again? Does this idiot get his information from yellowing old copies of the WSJ?
Out of curiosity, what makes you call this a "pukey stock"? They've had nothing, but solid earnings and growth and the absolute ONLY bear case for the company is the digital download issue which is slowly being disproven. Looks like management learned from Blockbuster/Netflix and the like. Aside from blindly jumping on the "shorts band-wagon", I'm just not seeing the case here.