The market was looking for any reason to sell off this stock. Gme has been one of the best performers all year. The pull back was too much. Comp store sales always used to kill them and they were up 20.5%. Yoy for the q and they guide up for 4th q and the year.
The only thing the shorts cared about was the -.01 guidance vs consensus. Well look at their history they always guide very conservative this was GME's 6th straight quarter beat. If you listen to the cc even the analyst from ubs, second to last question, questions the conservative guidance.
The points that ppl missed are that PS 4 is already up 80% compared to PS 3 for all of 2006. Xbone is 15 % higher for all of 2005. They will be getting more allocations of these units look for them during black friday or week after.
$500 m stock repurchase will create a nice floor they bought $95 m at $51.37. The Spring mobile aquisition is huge combined with Simply Mac they are at around 175 mobile stores. They didn't even start a mobile initiative untill 2 years ago. We test the highs again in the next few weeks.
"the leading wireless solutions retailer operating 150+ stores across the United States. Spring Mobile is dedicated to bringing you the best in mobile devices, plans, and accessories. We constantly look for ways to push the retail experience in a positive and consumer friendly way. When working with Spring Mobile, you won't find us giving anything less than 100% of our time and effort to best serve you! "
At&t provider should fit with simply mac and buymytronics.