Thu, Jul 24, 2014, 2:01 PM EDT - U.S. Markets close in 1 hr 59 mins


% | $
Click the to save as a favorite.

GameStop Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • millerpn millerpn May 21, 2002 6:55 PM Flag

    why the sell off today?

    re: Msg: 54 of 55

    Personally, I do not subscribe to the opinion that online gaming represents a significant threat in the short or medium term. The article itself states:

    " In a report last November, Gartner Group estimated that online console gaming revenues will jump from a projected $138 million in 2002 to $2.3 billion in 2005. But McNealy, who put together the report, said all those projections will be scaled back in an update in a few weeks. "

    May i also pose the question- what forecasting entity- be it Gartner, RHK, etc.- has ever under-forecasted market growth trends?

    Moreover, the last paragraph in the article makes my point for me:

    " So, investor beware: Despite the intense buzz, online gaming on the console is not entirely unlike "three huge bodybuilders flexing in the mirror -- the steroids are working, but the competition doesn't start for another three years," said Jeff Brown, Electronic Arts' vice president of corporate communications. "Console gaming won't be a practical consumer or business application until 2005."

    This leaves plenty of time for cash flow growth at GME.

    I am a small investor, recently long GME, and would love to generate further feedback on this company in this forum...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I've thought a bit about the possibility of on-line gaming and I tend to agree with you. This is a massive industry ($6 billion) which surprises many. With GME, I suppose the ultimate threat is the ability to download games on-line. While the idea is out there, I believe it's still remote. A download of a video game would be an enormoous file. Further, being able to trade games, carry them to the neighbors etc. would be lost. I especially like the GME strategy of buying used games for store credits.

      It's been a long drought in titles other than sports games and that is now over with the new machines. I'm amazed how many titles have come out in the last couple of weeks and how skillfully the titles cover all the machines.

      Microsoft seems bent on on-line gaming. I think they are making a mistake and may not understand gamers.

      Investors in this company should take a look at the company's web page. It is very well done! A lot have tried to do this well and stumbled. Retail is a tough industry to predict but I believe this company has the stuff to really make it.

      • 1 Reply to elleninDC
      • elleninDC-

        you are right- retail is tough to call. but i think GME is a great way to gain exposure to the well above-average growth rates in the gaming sector without having to choose amongst rival hardware platforms (only one of which is even close to being a pure play) or the even more pricy software houses. i guess i better feel that way- i am long... ;)

        good luck...

    • So we can have a 5%+ jump the next!

45.96+1.24(+2.77%)2:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.