BEST BUY closing stores - GME gains marketshare again
You just have to laugh. Best Buy is closing 50 big box stores on the way to closing them all. That means no more video games or hardware sold at those stores. Guess who is going to pick up even more market share -- GME. You just have to laugh. This is great news for GME. When BBY goes bust, isn't that good for GME? No competition usually means good things. So, let's follow this: BBY having less stores = market share pickup for GME. Just keep buying and eventually the shorts will relaize GME isn't going anywhere. Can't wait until they up their dividend and buy back four million more shares. I will laugh all the way to the bank.
HA! I remember when Best Buy announced that it was going to enter the used games market and GME was down 9% in a single day. It won't be long before the shorts are saying, GameStop is the next Best Buy!... the Blockbuster comparison is getting really old and they need new material. GameStop is still alive and thriving with the highest cash flow relative to share price EVER!!!