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GameStop Corp. Message Board

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  • michaelahurley michaelahurley Jan 29, 2013 3:55 PM Flag

    Beginning of the End

    You obviously know nothing regarding the inside history of this company. In 2010 and 2011 the mass CONTRACTOR layoffs happened in May due to a mis-alignment of the business and IT deliverables. The layoffs on Friday were FTE's and many Director level and above. The first layoffs in the history of GameStop. Budgets are set by beginning of the fiscal year ~Feb. 1 and staff is ramped up for delivery of June / July Projects. Still want to buy, good luck.......... I have NO position in this stock and do not want one.

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    • So if your info is correct and it's more than contractor layoff's, sounds like the Board is going to protect the dividend at all cost and scale down to something sustainable. Blockbuster had alot of franchise stores so it not's quite Apples to Apples. GameStop's the next Half Price Books...

      Sentiment: Buy

 
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