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  • somedumbuser somedumbuser • Jan 11, 2013 9:22 AM Flag

    gamestop

    The only thing that matters for this stock is whether the next two consoles have protections against used games.

    If both do, this stock goes to 15.
    If one does, this stock goes to 24.
    If neither does, this stock goes to 50.

    Those are the facts. I will not disclose whether I have a position currently/plan to. I think it's important to make your own investment decisions.

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    • birch981 birch981 • Jan 11, 2013 12:28 PM Flag

      You have a company with 0 debt.

      They have shrank the outstanding shares from 138 m in 2011 to 121 m in 2012. And still have $488 m in share repurchases to shrink the shares another 21 m to 100 m.

      They will have plenty of cash coming off the holidays. They should finish repurchases and raise dividend to $1.25.

      Now throw in catalysts GTA V, which will be the best selling game of this gen. Plus new consoles.

      The Wii U is selling better in terms of revenue compared to the Wii + $30m and they have not released any great games. Wait to Zelda, Mario Cart, and their other strong IP are released.

    • tride26 tride26 • Jan 11, 2013 10:51 AM Flag

      good post.
      i think your numbers might be a tad high though.

      here's how i see it:
      If both do, this stock goes to 9.
      If one does, this stock goes to 15.
      If neither does, this stock goes to 19.

      • 1 Reply to tride26
      • phil_w40 phil_w40 • Jan 11, 2013 11:28 AM Flag

        My kids only buy New games there. If one company locks Used games, someone else will move into that vacuum and makke the money. There is an argument that the entire idea of prohibiting you from selling a game, that YOU OWN, is not legal. Otherwise call it a Rental and Lower the price. Not sure they want to bite the hand that sells for them either. Can you imagine if they did that to your car? Pretty sure they are getting into the online market also and I would think there are tie ins and assume there already are. Taking away my kids' Xbox is worse than any other punishment. Cramer clearly doesn't have kids in the correct age group. Stores are crowded, end of story in my book. Small footprint, high sales per square foot. But Cramer is often right 50% of the time, so who knows.

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