It's a joke that this stock is at these levels IMHO
The problem is that everytime the price starts to run up we get a bunch of sellers knocking it back down. I guess that's what is to be expected in a era where long term investing is counted in hours. Fundamentals no longer matter.
"Yes, GME is approaching a peak in its business cycle. How is that a good thing if you're looking beyond the next couple years?...This company could be killed by downloadable content long before it pays out a single dividend ... never mind $50+ of dividends. My LONG sentiment says stay away."
--> First, "beyond the next couple of years" is a different scenario for "any" stock. I buy stocks after evaluating what I think the price should go to over the next 1-2 yrs. Yes you will probably "think about" the outlook beyond that but too many variables come into play to seriously make a valuation call beyond 1-2 yrs. Even the stocks you think will be around in 50yrs "could easily" be cut in half (or worse) in 3-5. All it takes is a newer/better mousetrap. Better technology can become a game changer in "any" industry. I expect to have a different looking portfolio 2 yrs from now but the stocks I buy today are in good shape for those 2yrs "IMO of course".
--> I've brought up the downloadable issue as well (many times actually). It's been discussed in numerous posts that were actually very informative. I have always asserted that it "is" an issue of concern but not until sometime into mid 2010 at the "earliest". The technology is rapidly approaching to download even the newest games in a a very reasonable time but other obstacles "do" still exist. The happy medium between the earliest/latest time for it to be a "potential" problem for gme is approx 2011-13 "IMO". Given those "earliest" and "happy medium" timeframes I'm fine with being an investor through 08'/09'. Barring any game changing news in the next 2 yrs I'll be downsizing the position throughout 09' such that I have approx 20% of my current positions by Jan 10'.
P.S. "IMO" NTDOY is a great buy at the $60'ish level and this is a great time to at least start averaging into a position. I just bought some more at $61.