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GameStop Corp. Message Board

smb_gt 7 posts  |  Last Activity: Nov 17, 2014 5:15 PM Member since: Dec 2, 2009
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  • Reply to

    Can anyone explain why...

    by smb_gt Nov 6, 2014 2:50 PM
    smb_gt smb_gt Nov 6, 2014 11:11 PM Flag

    Thanks. It's nice to find someone on a message board who comes across as knowledgable and balanced. Most people seem like biased pumpers or bashers...which is okay too as all opinions provide some insight or entertainment. I'll contact AMZG's investor relations to voice my displeasure with the stock's performance. I don't think it will help but can't hurt.

  • Reply to

    Stock manipulation

    by ckl18ckl Oct 3, 2014 7:24 AM
    smb_gt smb_gt Oct 3, 2014 5:00 PM Flag

    This stock was near $12 less than a year ago and has gone down steadily ever since. I don't see what has changed fundamentally to justify a 70% hit to stock price. You have certainly been right about downside pressure, but AMZG sure "feels" oversold. This company isn't bleeding cash, and the current share price is below tangible book value. Also, as you mentioned, this industry is always consolidating and AMZG "feels" like a great takeove candidate. Just because it hasn't been bought yet, doesn't mean it won't happen. I noticed the share price spiked after the company updated its production update, so it was apparently good news. What happened? Now it's back to a 52-week low. Hard to figure...but down here, the upside has far outweigh the downside, right?

  • Using my Scottrade account, AMZG is shown to have a tangible book value of $4.38 per share. It makes sense that that AMZG has assets (land, wells, drilling rights, etc.), but it make no sense for this (or any company) to be trading at 30% of tangible book value.

    Contrary to the negative $8.7M earnings (loss) for Q3, Scottrade shows earnings a positive 3 cents per share. Scottrade got this number from somewhere.

    I don't curse, but this stock has be thinking #$%$. The company seems to be growing production, but everyday the stock price seems to go down. When oil goes up, AMZG goes down a little, when oil goes down, AMZG goes down a lot.

    This was once my largest holding. Now, it's now less than 15% of my portfolio...not beacsue I sold any, but because the stock price is one-third of what it was just 6 weeks ago. I know that if I sell, AMZG will skyrocket soon thereafter.

  • Reply to

    Your better off now buying Hal

    by getintoh20 Nov 17, 2014 3:16 PM
    smb_gt smb_gt Nov 17, 2014 5:15 PM Flag

    If the deals falls apart, HAL pays BHI a huge break-up fee. That's $3.5 Billion that goes right to BHI's bottomline, so BHI wouldn't tank. HAL is far better off paying a premium to buy BHI than paying $3.5B for nothing. HAL is not going to let the deal fall apart. If the deal fell apart, it would be bad for BHI but even worse for HAL. Personally, I rather buy BHI's trading at about a 20% discount to the buyout offer. If HAL goes up, BHI will go up too. If HAL goes down, BHI won't go down as much because of the price is already substantially discounted.

  • Wunderlch has reiterated its buy rating on AMZG. It's hard to get too excied though, as they lowered their price target from $9 to $4. While $4 would be welcomed relief from the current stock price and performance, it's a far cry from the 52-week high of $12. Man, I hate analysts. At least Wunderlich didn't pull the #$%$ most analsyt do. So many analysts say buy, buy, buy all the way down...then once the stock has bottomed, they change their "expert" opinion to to sell. Wunderlich at least stuck to their conviction that AMZG is a buy...predicting about triple from current price. E_P_Invstr talk me off the ledge.

  • smb_gt smb_gt Oct 7, 2014 2:06 PM Flag

    I like that you made it though a huge paragragh with only one typo, but you correction one-liner has two typos (speel and keybored).

  • Reply to

    Can anyone explain why...

    by smb_gt Nov 6, 2014 2:50 PM
    smb_gt smb_gt Nov 6, 2014 4:06 PM Flag

    Thanks for the insight. It makes me feel better about holding on. At this point, I'm too scared to double down. I still don't completely understand the disconnect between earnings being +3 cents per share vs -$8.7M overall. All the EBITDA numbers looked good, so are you saying that their earnings were in the black, but extinguishing debt (a good thing) put them in the red?

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