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GameStop Corp. Message Board

  • mngtscrwdup mngtscrwdup Mar 23, 2012 7:43 PM Flag

    management projections

    the management of gamestop is forecasting that same store sales will be between minus 1 and plus 2 percent for the full year. yea right!!!! the first quarter is going to be at minus 5-8%. so they are projecting that the rest of the year will suddenly bounce back and be stellar??? video game sales are dropping because the game platforms are old, the number of publishers has been culled down to the strongest, and those publishers are only recycling their big franchises, so no real game innovation. additionally the game publishers are moving their focus to direct sales and social/mobile, where gamespot doesnt have any market power. the management has done a great job of trying to stem the slide in sales, but even a great management wont be able to save this coming year. by this time next year gamestop will be barely profitable with declining sales in the double digits. the only question is when to short the stock.

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