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6 pts

Opinion on  GameStop Corp. (GME)     Sector: Services  >  Industry: Retail (Technology)
stellar results plus bullish with its outlook for 2008 and 2009.

Mar 20, 2008 10:53 AM UTC
Astukphoto
Return Risk
-2.53% LOW
Sr. Associate

Fundamental Analysis   Analyst Recommendation  

by Zacks
As we expected, GameStop reported stellar results for the fourth quarter with sales growth of 24% and EPS growth of 38% over the year-ago quarter. What s more, GameStop was equally bullish with its outlook for 2008 and 2009. The company expects to earn $2.25-$2.34 per in 2008 and EPS growth of 25% in 2009. Video game sales continue to be an island of strength amid a weak retail environment, and we expect industry growth trends to remain robust for the next few years. GameStop will benefit a great deal from these strong industry trends. We are once again increasing our estimates. Our 2008 EPS estimate goes from $2.22 to $2.29. We maintain our Buy rating and $65 target price.
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GME:  This call was made on 03/20/08 @ $46.99
Rating:   Positive   $46.99 (03/20/08)
Gain/Loss:   -6.64% in 163 days
Target:   $65.00 (+38.33%) in > one year
Allocation:   0.7% of portfolio


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morgancmu   36%     1 point   commented 102 days ago reply

Great analysis and good thoughts on EPS - I wouldn't be surprised to see this come-in better than analysts are expecting. 2008 and 2009 are sure to be huge defining years in this company's history.

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