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GameStop Corp. Message Board

profitgrowthfirst 2 posts  |  Last Activity: Aug 1, 2014 2:39 PM Member since: May 1, 2012
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  • Reply to

    Train is leaving the station.

    by drjohnlong Aug 1, 2014 10:54 AM
    profitgrowthfirst profitgrowthfirst Aug 1, 2014 2:39 PM Flag

    Yep, I liked the quarter they just reported. This stock should not have fallen 60% this year. I think it can spend the rest of this quarter--at least--moving up back to a more appropriate stock price. Also, the shorts can't be too nonchalant about covering because there was already rumor about a buyout that popped the stock last week, they don't want to find themselves on the wrong end of a quick 20% move again.

  • profitgrowthfirst profitgrowthfirst Aug 1, 2014 2:31 PM Flag

    They reported a nice quarter (especially compared to all the negative sentiment pushing this stock down for months). I am thinking that SODA can continue toward its highs of earlier this year over the next 6 months. Remember, not only is there high short interest, but also, expectations have been so low that the trailing P/E is just over 20. Furthermore, their last few quarters have been so bad that it will be easy to blow away those numbers next year. All those facts do make this an attractive buyout candidate, too, even though it was already an attractive buyout candidate before this good quarterly report.

    Sentiment: Strong Buy

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