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GameStop Corp. Message Board

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  • vlad57 vlad57 Apr 3, 2002 4:07 PM Flag

    GME Versus ELBO

    Does anyone want to take the over-under on when GME writes down all the bad inventory they picked up from the Funcoland acquisition? You know they took it at book value, and that the used video game portion of Funco's inventory is significant, and materially over-valued. Their stores are full of 8bit and 16 bit games. Perhapse they should change their SIC code to that of an antiques dealer.

    My over-under is a year. I'll give two to one odds for the over. Inventory write-down, here we come!

    (Disclosure: I am not short this stock (yet, at least))

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