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GameStop Corp. Message Board

  • mojojo1254 mojojo1254 Jan 23, 2014 9:31 PM Flag

    Recent News

    I just love being huge short this stock. This week's news:
    - Nintendo in disarray. They slashed sales forecasts like 60-70%. Kids just giving up on them for mobile. Probably going to exit the HW and physical delivery of games. (No, Nintento games dont take long to DL.)
    - Xbones piling up in inventory all over the place. See article about UK prices now below MSRP and even MSFT confirming that 900K remain unsold as of 12/31/14. Look at ebay and see prices in the low $400s. Or, just go by a GME and see how many they have. Ouch.
    - Meanwhile, VGChartz reporting no rest for the weary - game sales flat and pre-order volumes are down a shocking 90% in 2014 vs 2013. Gamers showing lack of interest bodes very poorly for this beleagured company.

    It ain't pretty in physical goods land and I dont see any reason it will get better. Get ready for further reduced guidance and store closings......

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    • Xbone not doing well is a problem for Microsoft, not necessarily for Sony or Gamestop. PS4 price is still $450 or so on Ebay. If the people who don't buy an Xbone don't go over to the PS4, then you have a point.

      Xbone is not able to match the PS4 performance in BF4 and Tomb Raider, so it makes sense people don't want to buy a $100 more expensive system than the PS4, when they get less in return

    • mjroskopf Jan 23, 2014 10:40 PM Flag

      mojo your back at it again. You always show up when the stock falls but you shut your trap when it rises. Get a live. Console sales were thru the roof for Christmas, not a big selection of games on the new system during roll out. 2014 and 2015 new game sales will be much higher the past, then comes the uses games for these systems for many years to come. I bought in the low 20's and plan to hold until $75 which I bet we see within eighteen months.

      Sentiment: Strong Buy

      • 1 Reply to mjroskopf
      • Sorry but I really think you are wrong mjro.....
        - Many of the new games like Titanfall are going to be have DRM control so even people who buy the disk can't resell it. (Also, no resale means no reason to buy physical!)
        - I have been noisy about being short for months and now sitting on very large profit. Wont close it out until this thing is back in the low 20's.
        - Why do you think game sales will go back up? Handhelds are basically done and this used to be a serious part of the business. If Mario Kart 8 doesnt sell (and there are no pre-orders showing) then thats it for Nintendo). Titanfall is 8 weeks out but pre-orders are 1/7th of big successes last year when they were 8 weeks out. The new consoles really dont deliver a gaming experience that is much different from the old. Plus, its brutally expensive to develop content for these monsters so the number of titles is continuing to plummet.

    • yet ntdoy up 10%

      you didn't mention ne thing about sony, or all of the good aspects that outweigh the bad

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