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GameStop Corp. Message Board

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  • johnmr12 johnmr12 Aug 15, 2012 3:21 PM Flag

    Is anybody out there??

    Some very large hedge funds have been shorting GME for a couple of years. They are well funded, so they are in for the long haul. If their thesis is correct, they will make a lot of money as GME slowly dies. If management is able to transition from physical to digital, while diversifying their business into areas beyond video games, they will see revenue and earnings growth in 2013, and you will see the mother of all short squeezes. I have never seen 60% of a companies float short at one time. This is a case where it really depends on the quality of the people running the company. We all know that GME would slowly die if they tried to maintain their physical game revenue, and that is what the shorts are expecting. I happen to think this company has some very talented people running it. I anticipate the declining revenue and earnings for 2012 as the analysts do. But, I also anticipate them raising guidance next year, and that's when I think we see some serious short squeeze activity. The big unknown is where the stock price will be at that time.

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