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GameStop Corp. Message Board

  • danielwilkins21 danielwilkins21 Nov 6, 2008 10:30 AM Flag

    GME to 30 before Nov 20

    Just the anticipation of earnings will send this up to 30. Once the brute reality of the numbers comes out, expect this to go to 33-35 after earnings.

    Why? I'll give three reasons:

    1) ERTS reported strong sales, up 40% from last year. ERTS stock is down b/c it's poorly managed, but sales are up, and that's all that counts for GME.

    2) Nintendo--reported strong sales of the Wii and games. Wii Fit bringing in soccer moms which are, therefore, even happier to buy a Wii for their kids since they can get in on the fun too. Mario Kart games provide cost-effecient entertainment to families on a budget, as do the inevitable trade-ins and used games that GME offers.

    3) Activision Blizzard--ATVI is best of breed, not ERTS, and ATVI had beater than expected sales, October was strong, and November-December will be great, as their strong line-up includes tried and true franchise winners. We all know who they are. Call of Duty, World of Warcraft, etc.

    Don't forget titles like Prince of Persia and Tomb Raider that have established fan bases.

    It is simply impossible for ERTS, Nintendo, and ATVI to have strong sales without Gamestop having strong sales. More consoles, more new games + down economy = more used game trade-ins and profits for GME.

    Buy now before Nov 20.

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GME
33.39-1.24(-3.58%)Dec 24 1:01 PMEST

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