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GameStop Corp. Message Board

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  • furtunatit furtunatit Mar 20, 2002 8:57 AM Flag

    Swing

    It may be oversold for the short term but you have to look at Dick Fontaine's (CEO) guidance for '02. The comps are running at an incredible pace right now with the peak video year in this cycle still a year away. These guys are starting to put it together based on what I've read coming out of the February disclosure period. They are working on their branding strategy that will eventually make GameStop the single company moniker. With 150-200 new stores in 2002, fill in markets that are less than full, and the ability to market one store brand.....this looks like a powerhouse from where I sit. I recognize BBY/TOY and EB but GameStop is going to perform. Just the new store growth alone could add 10-15% earning improvement.

    I hate the cyclical nature of the video business but four new hardware system over the last 18 months, a lot of software to satisfy the gamers of the systems....the entire video business will grow. It helps all of the market share leading retailers. GME is fairly priced when you look at ahead just a little bit.

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    • It would be interesting to look at the first short-interest ratio report on GME. It's pretty obvious that some money manager(s) decided to short the stock after the company's earnings report on 3/11. I recall the pps opening down on 3/12, then rising to $21.90. The uptick provided the opportunity to short sellers.

      I'm sure quite a number of stop loss orders were triggered over the past week. Let's not overlook the steep drop on low volume on several occasions.

 
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