And video game downloads on consoles are a huge percentage of gaming? noooope.... they have the infrastructure built, and when the next gen consoles come out that will push for game downloads, gme will be at the forefront for downloads... people will favor the physical disk for years to come though
If he had said that 6 years from now he may be correct. Current hard drives can't support the space games would take up. By industry forcast, it will take 7 years to really be able to download any quantity of games to a home computer. That gives GME a good amount of time to make tons on cash, buy back stock, and enter the download market. I don't know were the sock price will go near term but they are not going out of business and they are going to make lots of money. Short term it may be a traders stock but long term it is an investment.
You tell me how GME will enter the download market... I've been long this stock but to say that GME can somehow offer digital downloads is insane. Why wouldn't the publishers just provide the downloads themselves like they do currently on both xbox and ps3? Why would they need a middle man? Isn't the point of digital downloads to eliminate the middleman?