Monday, August 31, 2009

Gamestop Might Be Cheap

The stock of video game retailer might be cheap. The stock is at $24 and next year's consensus earnings estimate is over $3.00

Goldman just upgraded it to conviction buy (I have not read the note or heard the rationale).

I doubt it (the part about it being cheap). I still think the shrink wrapped video game market is totally busted.

1 comment:

Anonymous said...

i hear ya. been on the radar awhile for me.
gamestop makes much more profit off used games anyhow. selling a new game just refills the pipeline for future resales. sure selling the new Madden is nice but not enough to run a business.
saw an interview with the ceo recently that was very interesting...while you were golfing in canda lol. ;)