GameStop and Amazon Teaming Up for Joint Trade-In Program
Amazon and GameStop are joining forces to give you more ways than ever to buy the games that [...]
It's obvious you don't understand how it works. It benefits Amazon and only Amazon, the only benefit for GME is that their name is around Amazon's. It will only pull more market share away and other products will be bought instead of games/gaming equip, they single handedly just killed what they had the best margins on what made their store survive for so long (trade-ins for store cred and price markups to be used in store) Huge mistake.
I wonder if Amazon intends to buy GameStop. Amazon is looking to have storefronts after all. Maybe the sale of Kongregate was part of GME getting ready to be bought, as Amazon would be more interested in the property, and wouldn't have any need for Kongregate. Dont forget GME also owns Cricket Wireless, Spring Mobile, and Simply Mac.
GME has a nice balance sheet with no liquidity issues...why else would they sell Kongregate for 55 million when it was projected to EARN them 50 million that year?
Why didn't they raise guidance for the year after they beat last quarter? The stock reacted the way it should've, there's no surprise there. That's just another question being ignored by the pumpers while the stock is obviously in a spiral. When there's(more than possible) bad news this report it'll get slammed down even lower.
Here's Gamestop's site. Click on "pre order switch", the first screen of the site, as you can see it's only available for the 399.99 price. This is still an issue when you can find it elsewhere for 299.99. Near future numbers will show what's happened. Take the Amazon talk for what it is, just another talking point=mistake that management somehow thought would work. Giving market share to a competitor for nothing in return is not an equation for success. Amazon however makes another smart move(spend your Amazon cash here on Amazon on anything you want/need including on gaming for less) Is anyone surprised Amazon outsmarted GME, I think not.
No surprise there at all Jerry. Where the market share went is the "surprise", for those who's expectations were that gme would be a big part of the switch launch. Limited numbers of the switch and price differentiation (higher price at gme at times, when available) will have an impact on the Q. Availability thru multiple sources will come out as an issue and what hasn't been looked at, margins are already terrible for this hardware. Bundles also adversely effect the sale of individual titles and hurt revenue in multiple ways, including higher pricing (less likely to sell when availible for less at other places, so be it with less options, the numbers will show that the individual consumer prefers the lower price with less bundled/options but the lower 299 price wasn't always available in store thru gme but was available in multiple other places for that price. No way to spin it: the switch is successful but it's successful everywhere and available in many places. Only so many were made available to gme and many other stores. The success of the switch doesn't automatically translate to success at gme. There will be questions.
Latest 13F filings by 5% holders in GME:
Blackrock BOUGHT 8.1 million shares in Q1. They own 8.2 million shares. Dimensional Fund Advisors bought 1.5 million shares. They own 6.1 million shares. Vanguard increased their stake 3%. They now own 8.4 million shares.
These firms are the definition of long term holders. They likely added more this quarter as they are knowledgeable about things like cash flow and valuation.
Imposter Jedd wants to know why they didn't raise guidance after they beat last quarter. He is basically saying "why didn't they get aggressive with guidance so that we could have a short term bump?". He is not familiar with a company managing earnings expectations and essentially assuring that they will beat earnings- again-this quarter despite his assertion that they will "miss" or "warn". He is truly a clown.
Switch is available in Europe for 329 EUR online at GME. Restriction: 3 consoles each purchase. I ordered 15: In Germany, England, Spain, Italy and Poland. My grandmother told me that might be enough for the time being.
Ryan, your opinion is wrong. As I pointed out three times so far, Switch is available only IN STORE! Only at GME IN STORE. Understand? :-) Your preorder-argument is none because people don´t have to preorder while the Switch is available IN STORE. Btw: Even though $399 is a good price for those who can´t pick up one for $299 right now at the numerous GME-shops. My grandmotther for instance only bought 100 at the shop and preordered another 100 for next 100 X-Mas times. But she is 120. Think Ryan is too.:-)
So, please, take your glasses and read: NINTENDO SWITCH: AVAILABLE IN-STORE. Then check the results after searching for shops. There are hundreds.
Ryan (imposter Jedd) just doesn't get it. He continues to focus on the hardware sales (Switch) which carry the lowest margins while at the same time ignoring tech brands. digital, and collectibles which carry the highest margins and are the fastest growing.
Anyone ever heard of the Commodore 64? It was a computer back in the 80's that you could play games on and it would've taken gme to a new level if it were a store back then. The adoption of technology doesn't matter and won't have an effect on anything. No one will download or stream games, it's obviously a fad. Gamestop is in great shape and will be around forever, it's a company that doesn't have to adapt to the times. The customer is loyal and doesn't care about better prices and promotions. Gamestop stores will always be busy like arcades were back in the 80's. No need to adapt, their customers will be loyal and count on physical games and trade ins forever. People don't like change even if it's more convenient. Go Gamestop! Revolutionizing the resist to change, retail brick and mortar rules! GET REAL PUMPERS, you have no argument, no one's interested, get ready for an awful Q and downward slope that will never be made up. Good luck tho everyone :)
I was up until 3am last night replying to 2 of my own posts with my copied Jedd id. I guess I was still out of it this morning as by replying to the 13F filings post I mistakenly put it on top. No worries it will give me something to do later. In the meantime, remember to follow the trend as research is unnecessary. Especially with GME. Follow the 3 year chart and you will profit.
Amazon has very recently begun building brick and mortar locations. Yes, they do need "help" in that regard.
Yes Skippy, keep replying to yourself, lol!
My grandma told me she bought me 100 GME giftcards at Amazon for X-Mas 2017-2116! I asked her though why she hadn´t purchased 200!
Amazon.com: Customer reviews: GameStop Gift Card $50
Find helpful customer reviews and review ratings for GameStop Gift Card $50 at Amazon.com. Read honest and unbiased product reviews from our users.
Anyone here ever hear of the Sega Channel? It came out in 1994. It was a cartridge that allowed people to access 50 different games a month for the cost of a subscription fee - they were able to digitally stream the games via cable television right to their house. It was literally the Netflix of videogames and it was gonna revolutionize gaming as we knew it! There was just one little problem though...
Sega Channel tanked.
It got 25% of the subscribership that Sega thought it would and in 1998, Sega Channel was no more.
The Netflix for videogames literally happened before the Netflix of Netflix...the digital revolution visited the video game world FIRST and was rejected by the consumer. This should be incredibly telling to you. Equally telling should be the simple fact that no one tried to create something like Sega Channel ever again.
The threat of the digital takeover is massively exaggerated. It's a head cold that's being treated like terminal cancer. The consumer spoke long ago, and none of you paid attention. You were so eager for a convenient comparison between Blockbuster and GameStop that you never once considered that videogames and movies are two different realms that are actually quite different from one another.
Your Chicken Little approach to this stock has pounded GME down to an absolute bargain of a price. It's hilarious watching you people scramble to keep top comment, and talk about "smart money" when you're the ones who decided to short a stock near it's 52 week low with a massive dividend that you need to pay. I'm real sorry folks, the market did indeed speak, but you were listening to the wrong voice!
Skippy is now quoting Cramer, the lightning round no less! He must be unaware that tomorrow Cramer could easily turn bullish. He would be better off sticking with that Street Watchdog article he is so fond of. Times must be tough.