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GameStop Corp. Message Board

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  • Anyone short that listens to this CC and doesn't at least start the process of covering is either extremely stubborn or just plain foolish.

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    • gulloverwater Mar 22, 2012 2:50 PM Flag

      Uh no. Just the opposite I think.
      C'mon selling used Ipads as the growth strategy for gamers? WTF.

      • 1 Reply to gulloverwater
      • You won today. Congratulations. If you are still hanging around in 6 months, let's look at the numbers then to see where we are. GME is officially my largest holding after today. Not only do I think they are going to make the high end of their forward EPS, I think they are going to blow past it. That means 2012 EPS of something north of $3.30. I also think they will buy back at least 2 million more shares if the price stays below 25. That will increase EPS by a small amount as well. Based on that, our forward P/E ratio at this point is about 7. I own stock in a company that has no debt, pays a quarterly dividend, and has a forward P/E of 7. Oh, and management actually understands the concept of shareholder value. How refreshing is that?

35.25-1.02(-2.81%)Jan 30 4:03 PMEST

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