http://www.bloomberg.com/news/2011-11-28/gamestop-future-seen-in-private-equity-as-shorts-climb-real-m-a.html?cmpid=yhooCheapest specialty retailer in America according to article, with no debt, and quickly rising online gaming revenues. 7x EPS and plenty of free cash flow!Under "normal" circumstances, without 40% of company sold short by the devil himself, GME would be selling for $40 or $45 per share!
Chanos and the frekin short sellers DO NOT have a clue on this one!GME's earnings and cash flow have performed CONSIDERABLY better than the average retailer or even Best Buy during the last 3 years of economic stagnation.Gamers lover their stand alone consoles, and internet speeds are not great enough to play purely online for a number of years.PLUS, GME is going to be one of the TOP, if not the TOP brand name to play online in another few years, as game developers sell their online content throught GME.SHORT SELLERS ARE ABOUT TO BECOME BIG MONEY LOSERS IN THIS ONE ON THE COMING TAKEOVER AT $30 OR $35 PER SHARE.
Talks ongoing for several months now?
lol. I strongly disagree with the short sellers on this company. I just wish I had more shares, but I never bet too much on ne stock, even when it is a sure thing.