GME - GameStop Corp.

NYSE - NYSE Delayed Price. Currency in USD
3.3200
+0.1100 (+3.43%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close3.2100
Open3.2500
Bid3.3400 x 1000
Ask3.3500 x 800
Day's Range3.2100 - 3.3600
52 Week Range3.1500 - 17.2700
Volume3,081,841
Avg. Volume6,501,295
Market Cap339.533M
Beta (3Y Monthly)-0.10
PE Ratio (TTM)N/A
EPS (TTM)-6.8000
Earnings DateSep 4, 2019 - Sep 9, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2019-03-14
1y Target Est6.55
Trade prices are not sourced from all markets
  • GuruFocus.com

    Permit Capital, LLC Buys GameStop Corp, Sells KEYW Holding Corp

    West Conshohocken, PA, based Investment company Permit Capital, LLC (Current Portfolio) buys GameStop Corp, sells KEYW Holding Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Permit Capital, LLC. Continue reading...

  • Best Buy (BBY) in Focus: Stock Moves 6.5% Higher
    Zacks

    Best Buy (BBY) in Focus: Stock Moves 6.5% Higher

    Best Buy (BBY) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

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    Zacks

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  • Here's Why Aaron's (AAN) Stock is a Solid Investment Pick
    Zacks

    Here's Why Aaron's (AAN) Stock is a Solid Investment Pick

    Aaron's (AAN) witnesses growth on strength in the Progressive segment as well as continued transformation of the Aaron's segment. Robust outlook for 2019 indicates more upside potential.

  • GlobeNewswire

    Liquidity Services Announces Third Quarter Fiscal Year 2019 Financial Results

    GMV of $168.1 million -- GAAP Revenue of $56.9 million -- GAAP Net Loss of $4.6 millionNon-GAAP Adjusted EBITDA of $0.2 millionLiquidityOne core e-commerce platform completed.

  • The GameStop Credit Card: Benefits and Rewards
    Investopedia

    The GameStop Credit Card: Benefits and Rewards

    Many stores offer perk-filled credit cards, but GameStop Corp. (GME)) was the first retailer in the gaming-only niche to do so. The original advertising that "everyone is approved" made some in the gaming community fear that GameStop was trying to lure kids into a debt trap, and the relatively high annual percentage rates (APR) also drew complaints. Frequent customers may benefit nicely from the rewards program.

  • TheStreet.com

    GameStop Can't Stop Falling, So This Value Investor Is Staying Away

    The carnage at GameStop continues as the stock has seemingly taken on falling-knife characteristics. When last we left the story, GameStop not surprisingly had eliminated what at the time was a rather lofty 19% dividend.

  • 10 Heavily Shorted Stocks to Sell — Because the Bears Are Right
    InvestorPlace

    10 Heavily Shorted Stocks to Sell — Because the Bears Are Right

    [Editor's note: "10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right" was previously published in May 2019. It has since been updated to include the most relevant information available.]Investors shouldn't take short sellers lightly. Whatever an investor's opinion of short sales, short sellers usually are taking a contrarian opinion -- and doing the work to back that opinion up. It makes sense for investors to pay attention because short sellers may be identifying prime stocks to sell.Short sellers have to do their work thoroughly because short selling is a risky strategy. In theory (albeit not always in practice), short-selling losses can be unlimited. Crowded short trades can lead to a so-called short squeeze. Even without a squeeze, fees paid to borrow a stock can wind up erasing much, if not all, of the gains from the trade.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Monster Growth In other words, short-selling usually requires quite a bit of conviction. And for these 10 heavily shorted stocks, the conviction makes a bit of sense. All ten stocks have real risks and real bear cases. There are reasons why short sellers are looking to profit from the declines in these stocks and plenty of reasons these are stocks to sell if you own them already. Bed Bath & Beyond (BBBY)Source: Mike Mozart via FlickrBed Bath & Beyond (NASDAQ:BBBY) shares have been falling since the beginning of 2015, but short sellers have only targeted BBBY in earnest more recently. Just two years ago, short interest was below 10% of the float. It's now, depending on the source, close to 40%.Even some seemingly positive news hasn't dissuaded BBBY bears. Fiscal third-quarter earnings in January beat estimates and sent the stock soaring. An activist effort in March drove more optimism and led to the resignation of Bed Bath & Beyond's CEO earlier this month.Each spike higher has been followed by yet another move down lower, however, and with good reason. Earnings are declining. Competition from Amazon.com (NASDAQ:AMZN) will only intensify. And as I wrote in March, it looks like the activists may be too late.BBBY stock is fading again, trading back at levels seen before the activists' stake was disclosed. There's little reason at the moment to think that the multi-year downward trend will reverse. If you own BBBY, it's a stock to sell. National Beverage (FIZZ)Source: LaCroixNational Beverage (NASDAQ:FIZZ) shares soared earlier this decade on the back of growing demand for its LaCroix sparkling water. FIZZ shares started 2015 trading around $20; by the middle of 2017 they had reached $120. And now, they belong on this listAnd somewhat ironically, it was short seller Glaucus Research in 2016 that initially brought attention to the stock. Volume had risen heading into Glaucus' report, but it spiked even higher after the release and kept rising from there. With a flood of new buyers, FIZZ shares quickly reversed an initial decline and would triple in less than a year.The optimism made sense. As I wrote just last year, National Beverage seemed a logical takeover target for Coca-Cola (NYSE:KO) and Pepsi (NYSE:PEP) as sparkling water growth threatened their legacy soda businesses. Impressive revenue growth drove a case for National Beverage as a standalone business as well.But short sellers have returned of late, though the company's thin float (only about one-quarter of shares outstanding) amplifies their size. And so far, the shorts have been right: FIZZ shares have fallen 42% in 2019LaCroix's growth has come to a screeching halt amid competition from Pepsi's Bubly, Nestle (OTCMKTS:NSRGY) brand Ice Mountain and other private and private-label plays. A questionable lawsuit hurt the brand. Plans to expand into the convenience store, restaurant and international markets haven't panned out. * 10 High-Tech Grad Gifts for 2019 As InvestorPlace's Luke Lango pointed out in March, FIZZ stock is cheap. But with management apparently having little answer for rising competition, and sales headed in the wrong direction, it should be cheap. And unless something changes quickly, FIZZ is likely to get even cheaper. J.C. Penney (JCP)Source: Shutterstock It's no surprise that short sellers have targeted J.C. Penney (NYSE:JCP). Department stores are struggling, and the bear case for the group is that the struggles simply won't come to an end. Online competition isn't going anywhere. Mall traffic continues to decline. There are simply too many retailers and too many stores meaning some will fall by the wayside, with J.C. Penney potentially at the top of the list.Here, too, the shorts are winning at the moment, with JCP near an all-time low. A 5.5% decline in same-store sales in Q1 sent JCP stock sliding. Weak results from peers like Nordstrom (NYSE:JWN) and Kohl's (NYSE:KSS) only added to the negativity. I wrote in December that a turnaround seemed highly unlikely; results since do little to challenge that thesis.Investors looking to time the bottom in JCP should remember that it's not just short-sellers pressuring the stock - or pressuring the company. JCP makes our list of stocks to sell because the bond markets are pricing in a significant possibility of a restructuring. J.C. Penney's bonds due November 2023 trade just over 50, and yield a staggering 27%. Both figures price in a significant likelihood that JCP will have to restructure before those bonds mature.In that scenario, JCP stock almost certainly goes to zero. It's precisely that outcome on which shorts are betting on, and J.C. Penney has done little so far to suggest that bet isn't worth taking. Eastman Kodak (KODK)Source: Shutterstock For the most part, investors have moved on from Eastman Kodak (NYSE:KODK). At the height of the cryptocurrency boom (or bubble) in early 2018, KODK shares soared upon the release of the company's KodakCoin. At one point, Kodak stock tripled in a matter of a few sessions.But the gains were short-lived. Crypto optimism faded. The company made no apparent progress made on KodakCoin. Investors abandoned the story, and as a result, KODK shares have continued to decline. They now trade well below levels seen before the huge gains of January 2018. * Ranking the Top 10 Stock Buybacks of Last Year To be fair, there has been some decent news of late. The sale of the company's Flexographic Packaging Division in April, along with a debt refinancing, have significantly improved Eastman Kodak's balance sheet. But revenues continue to head in the wrong direction, and Eastman Kodak isn't profitable even at the EBITDA line. As long as that continues, KODK shares are likely to keep dropping. This is a stock to sell. Carvana (CVNA)Source: Carvana Like FIZZ, the short interest in Carvana (NYSE:CVNA) is amplified by a thin float. A little over one-fourth of shares outstanding actually trade.Still, since its 2017 IPO, CVNA quickly has become a battleground stock. The bull case, as Luce Emerson detailed in April, is that Carvana is disrupting the auto industry. In 2014, the company sold a little over 2,000 cars. Four years later, the figure was over 94,000. Margins are improving. And the opportunity is enormous, with Carvana aiming at a dealership model that has changed little in recent years despite the technology-driven sea change seen in the rest of retail.The bear case, however, is that Carvana basically is buying its growth. Margins are improving, but remain sharply negative. Longer term, there simply may not be enough profit dollars -- ever -- to support the infrastructure required to offer delivery, car vending machines, and other benefits to buyers.The battleground has echoes of tech stocks like Netflix (NASDAQ:NFLX), where bears cite early-stage losses and bulls focus on the longer-term opportunity. But for Carvana, there are two concerns that support a more bearish interpretation.First, scale isn't nearly as beneficial: incremental revenue dollars from streaming customers, for instance, are enormously high-margin. That's not necessarily true for the capital- and labor-intensive Carvana model. Secondly, CVNA is being valued as a tech play, trading at over 4x revenue. That seems too high, even if Carvana's model is more successful than the most bearish scenarios predict.The argument over CVNA is likely to go on for some time. From here, it looks like the bears have the stronger case, at least for now. Boston Beer (SAM)Source: Phil Dubois via Flickr (Modified)The case against Boston Beer (NYSE:SAM) as one of the top stocks to sell isn't so much about the company. It's about the industry. Craft beer demand has slowed -- yet supply has increased exponentially. There are nearly double the number of breweries in the U.S. that there were just four years ago. That increase in options has allowed many pubs and retailers to focus heavily on local craft and provided intense competition for SAM's flagship Samuel Adams Boston Lager.Boston Beer has tried to respond by adding new products. Non-beer options now drive more than half the company's revenue, as Dana Blankenhorn detailed last year. But it's tough to argue that the strategy has been a roaring success: revenue in 2018 was just 3% higher than that of 2014, and net earnings declined over that period despite a lower tax rate.Yet SAM stock has soared, recently touching an all-time high, and now trades at a whopping 34x 2020 EPS estimates. Given that other beer stocks like Anheuser-Busch InBev (NYSE:BUD) and smaller rival Craft Beer Alliance (NASDAQ:BREW) have crashed, those gains, and that multiple, both seem like too much. * 7 Stocks to Sell After Earnings Destroyed Their Long-Term Stories To be fair, earnings have improved of late, and the market liked the acquisitionof Delaware's Dogfish Head Brewery. But Boston Beer paid a peak price (based on per-barrel multiples) for Dogfish Head, and even some growth doesn't look like enough to support the current price. It still looks like craft beer on the whole is headed for a reckoning - and at some point, the same will be true for SAM. GoPro (GPRO)Source: GoPro Shares of action-camera manufacturer GoPro (NASDAQ:GPRO) are rallying again. The stock nearly touched an all-time low in December, but a stronger broad market brought in buyers looking for a turnaround. GPRO shares are near a one-month high.And there has been some good news here. Q4 earnings were solid, and the company guided for profitability for full-year 2019, albeit on an adjusted basis. Paid subscriptions should add recurring and high-margin revenue and potentially a base to keep GoPro profitable going forward.But as I wrote in April, it's not clear what else GoPro can do from here to drive more growth. Gross margins look to be tapped out, based on management guidance. GoPro can't take much market share; it essentially is the market. The company's efforts to compete in the drone market never panned out.Unless demand somehow accelerates -- which seems unlikely -- GoPro's profits are likely to be flat, or worse. And even below $6, that's not good enough. Past rallies always have faded,. The bet many are making against GPRO seems wise -- and the pullback may already be on the way. This is a stock to sell if you own it. Blue Apron (APRN)Source: Shutterstock The short case for meal kit provider Blue Apron (NYSE:APRN) is reasonably simple: the company's business model simply doesn't work. Certainly, public market investors have acted on that belief from the jump.Blue Apron originally tried to price its 2017 IPO at $15 to $17, but wound up settling for just $10 per share. Even that price proved to be too high: APRN rallied only briefly before falling, and shares have declined almost without exception ever since.Some shorts appear to have covered. But the short case here still holds. I wrote in late 2017 that APRN was likely headed to zero, and even some recent changes haven't changed that opinion. The announcement of a new CEO in April drove some short-lived optimism, but the same thing happened in late 2017. In both cases, the gains were short-lived. * 5 Stocks Under $10 With Big Upside Potential Blue Apron has slashed marketing expense in a bid to salvage profits: marketing expense declined over 60% year-over-year in Q1. The company did reach EBITDA profitability, but revenue dropped some 28% in the process. Blue Apron still needs to figure out a way to cut costs and grow revenue and that seems unlikely at best. The short case here remains what it's been since 2017: APRN very well could head to zero, which means 100% returns on a short trade. Sell this stock if you don't want to be on the wrong end of it. Mattel (MAT)Source: Shutterstock Toy manufacturer Mattel (NASDAQ:MAT) has some positive attributes. Barbie and Hot Wheels may not be as popular as they once were, but both still drive enormous annual sales worldwide. Last year's bankruptcy of Toys 'R' Us hurt revenue. But the company has room to adapt to new channels, including online sales. The company has even shown signs of life, with headline beats in both fourth quarter 2018 and first quarter 2019 results.But the key problem for Mattel remains: a massive amount of debt. Mattel owes nearly $3 billion to creditors, yet Adjusted EBITDA over the past four quarters is just $330 million. That's a 9x leverage ratio. A hugely concerning figure, and one that explains why the company's long-dated debt trades at a substantial discount to par.Mattel likely isn't going bankrupt any time soon, admittedly. But the equity here still has a value of over $4 billion, and that figure can continue to come down unless the company somehow jumpstarts growth. Aggressive cost-cutting largely has been realized -- which means the company needs to see sales rebound. It's not likely to happen, and short sellers continue to bet that it won't. If they're right, MAT, which touched a 25-year low in December, has plenty of room to keep falling. GameStop (GME)Source: Shutterstock Last on our list of stocks to sell has been a target for a while. Short sellers have had their sights set on video-game retailer GameStop (NYSE:GME) for years now. The thesis has been simple: direct digital downloads of video games will end GameStop's business model. As Luke Lango put it on this site in April, GameStop will become the next Blockbuster Video, a chain decimated by technological shifts.GameStop management has seen the shift coming and tried to pivot in response. Through acquisitions, it built out its Technology Brands division, comprised of Simply Mac stores reselling Apple (NASDAQ:AAPL) products and a Spring Mobile business that operated wireless stores for AT&T (NYSE:T). In its namesake stores, the company tried pushing more collectibles, a way to serve the existing customer base even if those customers were buying their games directly from developers.The shift didn't work. GameStop has sold off both its Technology Brands businesses. In-store sales turned negative last year and are guided to plunge 5-10% this year, guidance that led GME to crumble after Q4 earnings.All that said, at this point GME might look like a dangerous short. The company closed Q1 with roughly $540 million in cash -- a figure well above its current market capitalization. It's maintained its dividend, which now yields a whopping 37%. * 7 Stocks to Buy for Monster Growth But there's also nearly $1 billion in operating lease commitments on the books -- and a real possibility that GameStop will spend that capital in an effort to keep itself alive in one form or another. Companies very rarely quietly wind themselves down -- and short sellers are betting that GameStop won't, either. As cheap as GME looks right now, it looks like a value trap.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right appeared first on InvestorPlace.

  • An Intrinsic Calculation For GameStop Corp. (NYSE:GME) Suggests It's 42% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For GameStop Corp. (NYSE:GME) Suggests It's 42% Undervalued

    Does the July share price for GameStop Corp. (NYSE:GME) reflect what it's really worth? Today, we will estimate the...

  • Sony and Microsoft Throw GameStop a Lifeline
    Motley Fool

    Sony and Microsoft Throw GameStop a Lifeline

    The newest consoles due out next year will support physical media, but the retailer still needs to change.

  • InvestorPlace

    Amazon Prime Day’s Secret Weapon

    A clearance sale is one of the great miracles of business, one Amazon (NASDAQ:AMZN) shared with small merchants on Prime Day.Source: Shutterstock Merchandise is usually sold to retailers on "60-day net" terms. That means they have 60 days to pay for it. Big box retailers like Walmart (NYSE:WMT) destroyed small retailers by turning goods over in two weeks, selling goods before they bought them.Prime Day is a clearance sale, where AMZN expects to bring in about $5 billion during what would normally be a slack period.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip That's why clearance sales are held in the summer. They create excitement when stores, both online and off, would otherwise be empty. Competitor Walmart Joins the FunFour of Amazon's 10 biggest sellers this year were electronics products from last season. Basically, stuff it needed to move to make room for new stuff.Thanks to the hype Amazon has created around this "event," other big retailers are able to do the same thing.Walmart was able to move many of the same slow-selling products Amazon was selling, along with mattresses, tents, and electronics.Best Buy (NYSE:BBY) moved speakers, monitors, and robot vacuums. Gamestop (NYSE:GME) was able to push out old Nintendo equipment. Wayfair (NYSE:W) got rid of outdoor grills and patio furniture before the season changes. Even eBay (NASDAQ:EBAY) was able to unload old drones, printers, and cameras.For those seeking a lesson in all of this, note how many of these stores, including Amazon, were offering special deals on the Apple (NASDAQ:AAPL) Watch.By turning a mid-summer clearance into a holiday, Amazon was able to clear the decks for itself and for others before they must commit to buying the holiday merchandise that makes for profits. Prime Day also provided a stern test for Amazon's fulfillment system, its warehouses, and delivery people, before competition heats up in the fall. The Real Amazon ModelThe success of Prime Day comes as Amazon is under government pressure to change its current sales model, which emphasizes third parties, eliminating the inventory risk which makes clearance sales necessary.An appeals court ruling that makes Amazon responsible for products it never owned, combined with a European agreement forcing it into better treatment of third party merchants, could induce it to take back some inventory risk.So could the rising cost of counterfeits and Congressional complaints that Amazon's off-brand merchandise is unfair to third parties.Amazon's Asian rival, Alibaba (NASDAQ:BABA), has been steadily increasing its inventory risk, while Amazon has reduced its own to make money on fulfillment. The Amazon purchase of Whole Foods two years ago has yet to pay off, while Alibaba has been buying entire shopping malls to gain more control over customers.A change of direction by AMZN could devastate small businesses. About 58% of Amazon's retail sales are on behalf of third parties. 73% of them are by small businesses with five or fewer employees. Such small businesses are also those most likely to be selling counterfeit goods. Amazon has little choice in cracking down. The Bottom Line for AMZN StockAmazon is a retail ecosystem. It lets small companies compete directly with Walmart, Target (NYSE:TGT) and other big box shops, setting up online shops, shipping through automated warehouses, and getting the best deals on bookkeeping and delivery.Amazon is proud of these merchants, giving them access to its entire set-up, including analytics tools.As the sun sets on another Prime Day, with courts and legislators closing in to call Amazon a monopoly, these small merchants are its secret weapon. They should no longer be a secret to Amazon shareholders.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Amazon Prime Daya€™s Secret Weapon appeared first on InvestorPlace.

  • GlobeNewswire

    GameStop Announces Final Results of its Modified Dutch Auction Tender Offer

    GameStop Corp. (GME) today announced the final results of its “modified Dutch auction” tender offer to purchase up to 12,000,000 shares of its Class A common stock, par value $0.001 per share. The tender offer expired at 5:00 p.m., New York City time, on July 10, 2019. In accordance with the terms and conditions of the tender offer and based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, GameStop accepted for payment, at a purchase price of $5.20 per share, a total of 12,000,000 shares properly tendered at the purchase price and not properly withdrawn before the expiration date, at an aggregate cost of $62,400,000, excluding fees and expenses relating to the tender offer.

  • GameStop and R/GA partner to develop new gaming-store experience
    American City Business Journals

    GameStop and R/GA partner to develop new gaming-store experience

    The face of retail is fast-changing, and the R/GA agency has signed on to help GameStop come up with new retail concepts.

  • GameStop hopes renovations will keep its retail stores alive
    Engadget

    GameStop hopes renovations will keep its retail stores alive

    GameStop thinks it has a way to keep its stores relevant as downloads take hold : revamp the stores themselves. The chain has unveiled a team-up with designers at R/GA on a pilot program to renovate stores and give them a "place in the video gaming culture." The concept stores will have layouts and purposes meant to appeal more directly to gamers. You'll have new ways to try games before buying them, shops that cater solely to retro games and hardware, and even esports competitions with "homegrown" leagues.

  • GlobeNewswire

    GameStop Doubles-Down on Retail Innovation, Partners with R/GA to Re-Design the Future of the Cultural Gaming Experience

    GameStop Corp. (GME), today announced a strategic partnership with global innovation design firm, R/GA, to strengthen its focus on creating unique in-store experiences as part of its strategic move in re-affirming its place in the video gaming culture. The partnership with R/GA’s Austin and Chicago teams is part of GameStop’s broader business transformation strategy to evolve its efforts in cultivating innovative customer-centric opportunities to bring video game culture to life in every neighborhood. GameStop’s renewed customer-first focus stems from qualitative and quantitative research led by GameStop and R/GA that identified four major motivations gaming fans have for playing video games – immersion, achievement, creativity and community.

  • Subscriptions, Streaming Integral to the Bull Case for EA Stock
    InvestorPlace

    Subscriptions, Streaming Integral to the Bull Case for EA Stock

    Electronic Arts (NASDAQ:EA) has yet to make it convincingly clear it can cultivate the opportunity to its fullest. But if EA stock is to move higher again, the company requires subscriptions and streaming to jumpstart this recovery.Source: Shutterstock The game publisher already has a presence on both (and sometimes overlapping) arenas, to be fair. It has been a modest, seemingly experimental effort to date though. However, EA experienced a wake-up call last year. That was when a horrendous selloff cut the EA stock price in half. With this painful lesson still fresh, the company finally appears motivated to embrace all the new norms in video gaming. Electronic Arts Stock Pays for Missing the First BoatLong-term investors of Electronic Arts stock know the story all too well. Once a powerhouse within the gaming industry, EA lost its shine. Last year's delays in releasing its most recent Battlefield title angered gamers. Plus, the company imposed multiple micro transactions for consumers to enjoy 2017's Star Wars entry created a revolt.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Finally, the unexpected, disruptive success of rival game Fortnite contributed to heaping pain on top of Electronic Arts stock.A fatal shooting at a competition last year involving one of its Madden NFL games only exacerbated the doubt that suddenly surrounded the company. This tragedy contributed to driving the EA stock price from July's high near $150 to December's low of around $75.However, the game-related stumbling blocks were microcosms of bigger, more philosophical problems. The industry -- and how people consume games in particular -- has been changing. But EA hadn't fully changed with it.One of those shifts has been the democratization of game distribution. The advent of downloaded games has proven to be a mixed blessing for EA stock as well as rivals like Activision Blizzard (NASDAQ:ATVI) and Take-Two (NASDAQ:TTWO). By selling directly to consumers, publishers can bypass middlemen like GameStop (NYSE:GME) and Walmart (NYSE:WMT), retaining more profits for themselves.The very same high-speed internet connections and consoles with hard drives, though, facilitated the creation of game repositories like Steam. These technologies also sparked the rise of a countless number of indie game developers.And as it turns out, some of those independently developed games - including Fortnite -- are pretty good.Electronic Arts answered, launching EA Access in 2014, followed by a more robust subscription service called Origin Access.And with last year's release of "Project Atlas," EA hopes to set a framework for future relevancy in the gaming business. Uncanny InsightThe game-streaming and subscription business is far from fully gelled. Electronic Arts stock may have potential competition from Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) entering the fray. Microsoft (NASDAQ:MSFT) is already there.However, EA is in a unique position, having learned from past failures (and successes) within the subscription business. Keep in mind they don't have a console system to lean on.EA's subscription chief, Senior Vice President Mike Blank, has demonstrated some important even if subtle savvy on this front. Last month, Blanked stated, "We need to be where the players are and not every player is going to be on every service or device, just like not every viewer is on Netflix."It's a seemingly obvious statement, but it's a realization rivals don't seem to have fully embraced.Blank further recognized that "We're evolving from a publisher of games to a connector."In other words, just because they build it doesn't mean players will come.EA has yet to fully decide if it will cultivate its own streaming/subscription service (more than it already has). A meaningless "maybe" is all Blank is willing to offer at this point. That leaves investors and gamers alike wondering exactly how monetization will occur with Project Atlas going forward.Electronic Arts knows, however, that it also needs to rethink more than just delivery. Its portfolio of games, while respectable, is aging with little innovation. A Rethink for Gaming RelevancyA subscription-based model will dramatically help on that front by supplying a steady revenue stream rather than forcing the development of nothing but blockbuster titles that sell tens of millions of copies.Blank goes on to say "The value of a subscription is ultimately, from a business standpoint, how much do players engage with the subscription. If you can provide them with new and different experiences they might stay for longer. I think we will build new and different games that will fit within the subscription itself."It wasn't a direct allusion to more indie and indie-like games. But it's noteworthy that Electronic Arts has stepped up its efforts -- in a big way -- to work with independent game developers. Last month, the company announced Zoink Games, Glowmade and Hazelight Studios will each soon see one of their games published with an EA label on it.It's a largely unprecedented pace, suggesting the organization is rethinking everything from the top down.It also aligns with recent comments from EA's VP of strategic growth Matt Bilbey. He told GameIndustry.biz earlier this month "The conversation now can flip from platform holder to game creator because they are so intertwined. The game that creators are going to make is going to evolve based on what people are consuming on." Looking Ahead for EA StockWhat Electronic Arts exactly has in mind for the new era of video games remains at least a little unclear. Indeed, it's possible that even EA doesn't precisely know where it's going, even as it moves forward.It is clear, however, that Electronic Arts has pushed itself through a pretty significant rethinking of its place in the video game industry. Also, it appears it's had some tough conversations about relevancy where subscriptions are the norm and players are growing more interested in less-touted titles. The so-called "long tail" of video game choices is getting longer and wider.It's far from an assurance that EA stock will make a full recovery in the near future. But it certainly doesn't hurt the bullish argument.As of this writing, James Brumley held a long position in EA stock. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Subscriptions, Streaming Integral to the Bull Case for EA Stock appeared first on InvestorPlace.

  • Why GameStop, Omnicell, and Cadiz Slumped Today
    Motley Fool

    Why GameStop, Omnicell, and Cadiz Slumped Today

    Despite the Dow hitting 27,000 for the first time, not every stock participated in the rally.

  • Barrons.com

    GameStop Stock Drops After its Tender Offer Expired

    Shares of videogame and collectibles retailer GameStop fell to near 2019 lows Thursday as the company’s tender offer for its shares expired.

  • GlobeNewswire

    GameStop Announces Preliminary Results of its Modified Dutch Auction Tender Offer

    GameStop Corp. (GME) today announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to 12,000,000 shares of its Class A common stock, par value $0.001 per share. The tender offer expired at 5:00 p.m., New York City time, on July 10, 2019. In accordance with the terms and conditions of the tender offer and based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, GameStop expects to accept for payment, at a purchase price of $5.20, a total of 12,000,000 shares properly tendered at the purchase price and not properly withdrawn before the expiration date, at an aggregate cost of approximately $62,400,000, excluding fees and expenses relating to the tender offer.

  • TheStreet.com

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