Battlefield 3 was the biggest release last month and should mean we get another year over year gain in software sales.
Lest ye forget, September saw a 3% gain year over year in Console game sales. PC sales slipped but easily explained away as Deus Ex Digital Sales were strong. Furthermore, Gamestop actually pushed shoppers to buy the digital version by offering Deus Ex 1 and 2 for free.
I look forward to the media intentionally misinterpreting NPD's report today.
Now we know why (GME) has been slipping in share price to mid-$24.50 range.
Monness, Crespi, Hardt put out a Sell Rating on Gamestop.
I have no info yet that I can find to understand why they would put out a sell rating while Call of Duty Modern Warfare 3 has broken sales records and Elder Scrolls Skyrim is out today...and ZELDA out next week...and so on.
Quite a bizarre thing to do is to launch a SELL rating 1 week before the Earnings Release and during all of these game releases.....
We've seen Uncharted 3 break franchise sales record.
The evidence to support a Sell rating on Gamestop is well missing entirely on me.
I would look at (TTWO) for any M&A activity and not Gamestop right now. TTWO has just sold over $200 million worth of Senior Notes with an additinal $30 million option to buy more.
Bottom line is TTWO's best franchise title releases sometime 1st half of 2012 I think. So they are setting themselves up to make some kind of move. A lot of rumors/speculation that they may get bought out or they may do a Merger with someone.
I'd love to see Gamestop merge with Take Two Interactive. But, I have no idea how that one would work out.