rumors are that Circuit City and Blockbuster are both interested in being bought BY GameStop.
Best Buy and Walmart already believe they have excellent locations and existing customer traffic, so no need to waste money buying GameStop when they could simply boost inventory, cut prices, and steal customers. Walmart didn't steal the GameStop exec so they could turn around and buy the company...duh. Did Walmart buy Best Buy -or- did they simply UP their game and drive more TV sales to Walmart?
More DLC hurts used-sales and online rental also impacts the used market. GME is getting squeezed from all sides, especially the publishers and other retailers on new products.
I hope GME isn't buying something like Blockbuster. Yikes, what a mess. I think it would be more likely that GME's cashflow has attracted the interest of another firm. It certainly hasn't attracted the interest of typical investors over the past 3 months. If GME does not grow and just continues As Is the buy-out firm will see profits in 4-5 years. That makes sense to me but I'm sure JoshTree will say GME is about to announce bankruptcy.
I don't get it , as a publicly traded company GME has little or no respect , and yet a private equity firm is interested . My question is , will the earnings report express a definite takeover candidate ?