Actually...is it cheap to close 200 stores. GME does short term leases. Their buildouts are inexpensive. They can salvage associates and management and reassign them to other stores. Plus, what their CC statement was that they always are evaluating their real estate. WHile they may infact close 200 stores, they were the one not profitable. But they probably would open 50-100 new stores. Seems to me to be smart business for the leaders to go find better real estate.
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.
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.