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GameStop Corp. Message Board

  • barramarshall barramarshall Dec 18, 2002 10:51 AM Flag

    My Opinion

    I would wait for a warning, or affirmation of guidance before steping in... The 4Q is too important for both ELBO and GME (over 90% of yearly earnings...). Take a look at the chart of Game Group Plc to watch what a warning can do for these stocks... My guess is that is comps come flat, ELBO could see 17... That a 9.5x multiple on next year's earnings, considering a reduced 15% EPS growth... which probably will be higher... I just think the risk now is too great... Indications everywhere have been shitty... ATVI cut was too significant... numbers for November were not that great (even accounting for the shift).. The fact that they have not said anything until now means that they do not know how the quarter will end... because if they did, they would already have maid a statement... be sure of that... No CEO lets its stock be destroyed like these two have without making a statement, if they have one... My call here is... If they warn, we will have a great opportunity to buy... If they affirm, I would sell puts which now carry huge volatility and could give you some breathing room...
    My opinion...

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