@does Your Who's Skippy? And exactly Retail ETFs will exit and will not hold this junk Period. My guess is after a miss and revised down guidance no one will possibly want to be near it except more shorts P/E multiples mean nothing in this market when companies miss badly and retail disintegration takes over Only reason this one trades where it is now is because of the HOPE of the Switch When that's proven wrong because of competition they have nothing In terms of physical they can't stop the bleeding which also spreads to trades They have to hope for miraculous growth in collectibles while core business deteriorates beyond recognition and at a faster pace than anticipated Bad timing to be in this one and ETFs will be the last ones out slamming it into the mid teens on their way out All just opinion of course
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.
Gameshopper yesterday told us Switch is EVERYwhere available for better prices. "A quick research" revealed that wasn´t true, if not a lie. Now he´s laughing about 5x4.400 units only available at GME. Laughable !!!
A quick search reveals that the Switch is available on Amazon and at both Best Buy and Walmart stores for less and similar pricing. All this talk of the Switch, which anyone can see is available in multiple places, has nothing to do with present and future incurred losses by their own demise, not being able to be a player in digital and not having the answers to the questions(as many don't)to the continuing problematic struggle of retail in general is finally catching up. Can't see how it won't show in the all important bottom line regardless of mgmt's efforts.
Well Skippy, Your Ryan alias has been warning us about bad GME earnings coming on 8/23 for awhile now. But the earnings are on 8/24. You have been wrong about a new GME low, an earnings warning, and now even the date itself. Have you ever been right?
Amazon.com: switch - Consoles / Nintendo Switch: Video Games
Online shopping from a great selection at Video Games Store.
60% of revenue depends on dying core businesses that are losing more market share at a much faster pace than expected, including physical brick and mortar retail which effects trade-ins/Amazon cash and the no answer method to increased digital downloads/bandwidth. None of the future numbers are gauging these factors accurately. Growth of collectibles and other ventures would have to continue at an astronomical rate to make up for the continuing increased losses in the core market. It's simple, if they don't have the answers, it will show even more in the price of the stock. If they do have the answers, they survive as a collectibles store that sells games. CD stores and vinyl stores still exist just not like they did. GME doesn't have the answers and most of the products they sell can be found for less and delivered to the customers door. These are just a few (more) factors that have and will continue to have an impact on future numbers. Things really are different and their plan, even if executed flawlessly, can't fix what's already been broken. Most things point to them being in survival mode for a long time, and with a dwindling stock price combined with throwing money away in the form of a high divi doesn't bode well for their extremely optimistic growth outlook while core businesses get slammed along the way from increased competiton and the extreme move to digital. It's getting ugly out there, not worth the risk IMHO
GameStop is the only online store offering the Nintendo Switch, and they're making a "bundle" off of it! Go GameStop!
Meritage Portfolio Management added 67,999 GME shares in Q2. They now own $161,771 shares.