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GameStop Corp. Message Board

  • rainingcomets rainingcomets Mar 9, 2002 2:50 AM Flag

    "But this one goes to ...


    I meant post number but maybe the price too.

    Though it is overvalued right now, GameStop is gonna work. This is no babbage's (what the heck kinda name is that??!!).

    Just you watch.

    In the meantime, I'm wondering:

    -- B&N owns 63% of this company which today is worth about 630mm and B&N's market cap is 2bb which means all those lovely bookstores are valued at 1.4bb.

    -- what happens at the end of June when Mr. Riggio can dump his 4.5mm shares.

    -- there is such little interest here. I don't know any board which has 11 posts.

    I think this is a good short short term but I would go long at 11.

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    • I don't believe that Riggio would dump his shares in a company he helped bring back from death. He has a vested interest to see this company succeed. Also, why would he want to get out of one of the fastest growing industries in the US right now?
      I don't think GME is overpriced right now.
      If you look at its peer group, it has a lower PE and appears to have some real upside over the next few years.

31.25+0.37(+1.20%)Jul 26 4:01 PMEDT