Do the math. After earnings, if GME gets the same PE multiple it is trading with today (an absurdly low 12X TRAILING earnings), the stock price is $30.00. If we try 12X estimated earnings for this fiscal year, we have 12X $2.84=$34. (We all know they will make $3.00 this fiscal year). This from a company growing at 18 to 20 percent in a bad economy. Imagine if there is a recovery. I am not selling until we hit 40, which, by the way, only means a PE of 14X this year's earnings. That is also a 50 percent plus gain from today's stock price. Can you spell SCREAMING BUY? This is not brain surgery, people. The Amazon scare was just pure manipulation by people who have no clue about this industry.
Then tell me where the math is wrong, Mr. Shorty Pants. 12 x 2.48 = 29.76. Did you flunk out of math? More importantly, can you give me a real reason why GME does not deserve a 12 PE with their demonstrated earnings growth, their cash reserves, and the gaming industry set to grow by leaps and bounds over the next several years? I am not pumping, just stating facts. This is easily a $30 stock. I expect 40 before mid-summer.