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GameStop Corp. Message Board

  • francozampetti francozampetti Jan 10, 2012 8:23 AM Flag

    S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF GAMESTOP

    Even though Varchild has lost all hope. Some still see upside opportunities.

    "GME posts flat sales for the nine-week holiday period ended Dec 31, slightly below our estimate.Weak hardware sales offset strength in new software sales and 60% growth in digital sales. Though improved product mix should largely offset the slight sales shortfall, we are trimming our FY 12 (Jan) and FY 13 EPS forecasts to $2.84 and $3.10 from $2.86 and $3.14. However, we are keeping our DCF-based target price at $30.We continue to believe that GME will counter digital threats and evolve alongside the industry, and think the shares are attractive at under 8X our FY 13 EPS est."

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GME
46.16+0.29(+0.63%)Jul 30 4:01 PMEDT