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GameStop Corp. (GME)

New York Stock Exchange Consolidated Issue - New York Stock Exchange Consolidated Issue Delayed Price. Currency in USD
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21.64+0.66 (+3.15%)
At close: 4:00PM EDT
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  • N
    No1cares
    No1cares
    I wish arcades would come back on every corner too but that's not going to happen. There's a $17.50 PT on this for a reason. Some even think that's a generous price target. Digital has taken over faster than most have thought, collectibles/phones and other segments will struggle to keep up growth while the rest of the company can't stop the deterioration of physical and retail in general. Uphill battle, numbers won't lie and they can't afford to lie in the call. They will look foolish, as usual (compared to when same store sales comps were restricted) when speaking of how they are not sure how the Switch will contribute to future sales and so on while probably making excuses for major losses in brick and mortar. There's no possible way the new segments can keep up with the losses of the old ones which account for 60% of revenues. It's going to be an interesting call. It'll be in the RED for sure but by how much, no one knows. Some good points being spoken about the sale of Kongregate also and how that will be accounted for. Interesting stuff, some would say too little, too late.
  • D
    Does Your
    Does Your
    Skippy, your scare tactics just aren't working anymore. You should either bash much harder, or go ask your boss for help from one of his .com friends like 'streetwatchdog'. I'm sure the domain hasn't been sold yet.
  • D
    Digby
    Digby
    I can tell you which way it's going. GameStop beats estimates on Thursday and guides higher for the year. Mobile accelerates and leads growth. Legacy business continues to pay dividends and position for the next console cycle and virtual reality. Way undervalued. Easy double here. Buy the dips. Go GameStop!
  • N
    No1cares
    No1cares
    17.50 PT, probably lower than that after EARNINGS or lack there of
  • J
    Jedd
    Jedd
    GME trades at 6 times earnings and 4 times cash flow. They merely need to meet there numbers and guide inline and it rallys. Phrases like "whispers", "pivotal quarters", and the like is just nonsense created by our multialias basher to instill fear. Don't buy into it. He has been telling us about a new low since February, yet the NOVEMBER low still stands. Seems he also got the earnings date wrong too to boot!
  • N
    No1Cares
    No1Cares
    So quick to judge I guess. So what if Obama was still president when the GME low was put in? I have been wrong for 6 months, but so what? The 3 year chart says I will be right. Couple that with Amazon laying waste to all malls, GME's dilapidated stores, and video games going the way of DVD's. Pay no attention to the fact that you can walk into Best buy, Walmart, or a dozen other stores and buy a physical DVD. Games are different. KIds have no interest in trading in their old game disks and getting a new game.
  • s
    showurwrk
    showurwrk
    Companies face pivotal quarters all of the time. This quarter will go down in history as one of those for GME. Management made the decision after a good quarter about 3 months ago to reiterate year over year guidance instead of making an adjustment to the upside. They could be stuck in a hard spot this quarter. If they don't demolish the numbers this time, they will get slaughtered. Even without upward guidance the loud whispers are fierce, speaking of the Switch invigorating struggling retail stores, making it clear and evident what will happen if they don't perform. This quarter will show part of the upcoming future. I'm interested in what store traffic looked like and how much they lost due to digital and relentless competitors in general. Their constant mistakes and missteps will likely come out soon and be focused on or at least be asked to provide color on. This is the time to watch it come back or fall apart, there's no doubt about that. I can't tell you which way it's going to go but this quarter is sure to provide some answers.
  • N
    No1Cares
    No1Cares
    Not only do I wish that arcades come back, but roller disco and afros too. Then I could put my looks and moves to work, and say goodbye to my cubicle.
  • J
    Jedd
    Jedd
    Motley Fool hack Ricky Munarriz and our board basher Ryan/ImposterJedd/etc must be related, as they share a common thread of idiocy. Ricky said this in his article:
    "explaining why the stock is trading near another fresh 52 week low"
    The 52 week low is $20.10 and dates back to NOVEMBER 2016. There have been no new lows since, so how can there be "another fresh 52 week low"?
  • J
    Jedd
    Jedd
    It's about to get UGLY. The action on this will be brutal once again. The line out is getting longer. Teens AH Thurs and lower lows Fri. Don't miss the exit imo
  • D
    Digby
    Digby

    "Loop Capital Markets reiterated its Buy rating and a $28 price target on the shares of GameStop."

    https://finance.yahoo.com/news/getting-ready-gamestops-q2-earnings-152055368.html

  • V
    Volker
    Volker
    Ridiculous, Jedd F. Akes, haha! "People aren´t buying things there ..." Even more ridiculous: Link from "The Street". Of course they are buying, because Switch is available. They provide it without games also - clever strategy. While Switch isn´t available elsewhere, they haven´t got problems to sell bundles for sure. Last earnings they didn´t know how Switch sales would develop and didn´t raise guidance, so share price tanked. This time will be different. They will raise outlook because of the switch. That´s what matters!
  • J
    Jedd
    Jedd
    Seems our multialias basher continues to fixate on the unimportant issues, such as "margins on hardware". Last quarter gross margin on hardware for GME was 9.8%. By comparison gross margin on new games was 21.8%, used games 48.2%, digital downloads 81.9%, technology brands 71.8% and collectibles 30.7%. The margin on hardware has always been much smaller than overall gross margin. The Switch gets people in the stores to buy higher margin games. Its doing just that, and the bundling is smart as it ensures a higher margin game(s) will be purchased at GME. The bigger picture however continues to show that the fastest growing parts of the company carry the highest gross margins. This bodes well for earnings.
  • R
    Ryan
    Ryan
    That's a sad sad statement that even you can't possibly believe, but you're true to your pumping lol. If it's bundled, and for more, they don't need to buy a game or visit the store(again) if they even visited it in the first place. Have you met this consumer? They have everything at their fingertips including snap, facebook, insta and so much more (mobile games) which GME also missed involvement in somehow, but back to the point. They can find it for $299 "unbundled" and get the games (any game not only specific bundled choices) for possibly less and online, Amazon etc, 20% off Best Buy etc. By bundling and selling for more GME misses the consumer which 1, wants to buy it for $299 and 2, makes sure they don't need to return to the store to buy specific titles which carry a better margin than hardware. Less choices for more $ and knowing that the games will be less or more accessible by purchasing online or downloading digital addons . . . . .All in all an interesting strategy. I guess we'll all see how that "strategy" works out soon enough. Sound the alarm!
  • J
    Jedd
    Jedd
    @fakejedd So basically everyone (and there's obviously a lot of people) who doesn't agree witb you is an idiot even though they'll prove to be right in the long run of this thing going down, right? There are so many reasons why people are saying and writing articles about the negativity of Gamestop. You can keep pumping as you have been, while watching this come way down through the process. You'll probably even keep pumping, as you did after last quarter, after we TANK again after Thursday's ER. Once a pumper always a pumper I suppose until you get smarter and learn how to use derivatives or learn to short. This things going to get RECK'D again after the report. Too risky to be involved and hope ain't going to do it. I'm sorry you made a loser investment and weren't lucky enough to get out but save whatever you have left, as small as it might be and exit before the call IMO. Good luck ALL.
  • J
    Jedd
    Jedd

    Let me simplify it for you fakeJedd. People aren't buying those things there, so it really doesn't matter what the margins are and the margins on the hardware won't carry them. Actually read the whole post and think about it before you comment on these "alias" posters. Here's something else for you to "wrap your head around". Everything isn't alright in retail and GME is retail. ER will likely show this. https://www.thestreet.com/story/14274447/1/amazon-is-absolutely-doing-great-damage-duh-mr-president-that-s-business.html

    Amazon Is Absolutely 'Doing Great Damage.' Duh, Mr. President, That's Business
    Tell us something we don't know.
    www.thestreet.com
  • d
    d
    d
    With GME successfully bundling new games with the Switch, I believe they will significantly beat the $526 million in new game sales last quarter. Combined with growth in technology brands and collectibles, there is a chance they may raise estimates for the rest of this year.
  • V
    Volker
    Volker
    Who also thinks "The Street" is best contra-indicator on earth? I think when they are bearish it´s a goooooooooood signal to buy!:-)
  • D
    Does Your
    Does Your
    Wait until the ETF's exit, Skippy? Seriously? Retail ETF's buy retail stocks. Period. You failed to mention that TJX traded higher today after earnings. Or that COH, HD, and DKS trade a P/E multiples double and triple GME's 6 P/E. Its too bad that you only have another 8 days to parade your idiocy here. Enjoy.
  • J
    Jedd
    Jedd
    So quickly we choose to forget, I guess. Remember the action after the last report, look for more of that. Kongregate will be added in and it'll still look bad after sifting through the numbers. No future vision for the Switch will contribute negatively. This was at 26 in Feb, it's at 20.98 after close today and will certainly blast past the NOVEMBER lows that seem to be so important to you. There will be less focus on dying retail/brick and mortar and the future/present negative effect of digital downloads and competition, unfortunately those are important factors that they again won't have a solution for. Wake up and watch.