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GameStop Corp. Message Board

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  • cojureone cojureone Nov 27, 2012 1:15 PM Flag

    Special Divi Hopes - Sqashed!

    Who needs a special dividend when their normal dividend is 4%? LOL! We're not long because of any special dividend, buddy, we're long because Halo 4, BlOPS II, and a new Wii U console are coming out in the same quarter. Do you see what happened to this stock in 2007? History will repeat itself, because a new Nintendo console and Master Chief's last appearance also happened around 2007. Closing 3% of their stores is just GOOD BUSINESS.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • In it's history, since 1994, GME has only been above this general price area for less than two years (2007-08). The financial environment is WAY different than 2007 and frankly, GME's business model is much less "sexy". I wouldn't count on things going back to how they were then. I wouldn't count on the 4% dividend once competition and business get sketchy. Apple is still opening stores. Closing 200 stores is a BAD SIGN. Good luck with your investing and trading and enjoy the short squeeze while it lasts.

      Sentiment: Sell

      • 1 Reply to bluestarromeo
      • Romeo, what short squeeze are you talking about? On August 1st, the stock was about $16 and the short interest was 49 mil shares. Since that time, the short interest is down to 43 mil, and the price is $27. So, the stock went up 68% and the short interest went down 12%. The short squeeze will happen when short interest goes down 68%. Where do you think the stock price will be then? That's when I will be enjoying the short squeeze, and will probably cash out with a very nice profit. That might be the time to short, but shorting now is insane.

 
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