Games will hold up for wealth buyers, and investors, while the rest of retail is sluggish or tanks. GME is continuing niche and global leader with recent French acquisition. Moderate buy over hold.
GameStop Corp. operates as a retailer of video game products and personal computer (PC) entertainment software. Its stores offer new and used video game hardware, software, and accessories, including controllers, memory cards, and other add-ons; PC entertainment and other software, and PC entertainment accessories, such as joysticks; and strategy guides and magazines, as well as trading cards. The company sells its products through its GameStop and EB Games trade names; Websites, including gamestop.com and ebgames.com; and �Game Informer' magazine. As of February 2, 2008, GameStop Corp. ope...
Great company, surpassing earning consistantly. High margins on their used games sales, virtually no competition (those who consider BBY a competitor are foolish to do so). Only worry is lower guidance in upcoming Q as they are a relatively conservative company. That being said the stock has been cyclical and coming out of summer in to the christmas season has always done wonders for its shares.
Two words, Wii Fit. I know this is a far cry from fundamental analysis so I'll get to that next...but first Wii Fit. This game is a game changer. While GTA is a popular game amongst video game enthusiast, I think Wii Fit will be popular with video game enthusiasts and many many more. This game represents the first time a game manufacturer has truly bridged the gap between a game and fitness. With so much of America facing serious weight issues...and the economy in trouble causing those gym fees to really sting, I think GameStop could really stand to profit.
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 estimat...
GameStop (NYSE: GME) didn't have a great third quarter. Total sales increased by slightly higher than 5%. On a GAAP basis, earnings dropped three pennies to $0.28 per share. If you exclude items such as debt extinguishment and foreign currency effects, then adjusted earnings per share on a diluted basis increased 19% to $0.38.
The bottom line may have increased by double digits by GameStop's calculation, but there are a couple reasons not to be too impressed by the performance.
GameStop (NYSE: GME) didn't have a great third quarter. Total sales increased by slightly higher than 5%. On a GAAP basis, earnings dropped three pennies to $0.28 per share. If you exclude items such as debt extinguishment and foreign currency effects, then adjusted earnings per share on a diluted basis increased 19% to $0.38.
The bottom line may have increased by double digits by GameStop's calculation, but there are a couple reasons not to be too impressed by the performance.
Monday: Economic Empire (-26), Cap U & IP (76.6%, -0.1%) Earnings Lowe’s (LOW), Target (TGT), Ctrip.com (CTRP)
Tuesday: Economic PPI & Core (0.2%, -1.5%) Earnings China Med (CMED), Home Depot (HD), Medtronic (MDT), ReneSola (SOL), Saks (SKS), Jack In The Box (JBX), La-Z-Boy (LZB)
Wednesday: Economic Weekly Crude, Build P’s & Housing (770K, 780K), CPI & Core (0.2%, -0.8%), FOMC Minutes Earnings BJ’s (BJ), LDK Solar (LDK), Ross (ROST), Trina (TSL), Dress Barn (DBRN), Gymboree (GYMB), Hot Topic (HOTT), Intuit (INTU), Limited (LTD), Men’s Wearhouse (MW), PETsMART (PETM), Woodward Governor (WGOV)
Great Result, Stock Pounded, Oppurtunity
- GME just posted .34 earnings for this quarter topping most of the streets expectations. However due to lower yearly guiandance and growth expectations ...
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