corporateclaw said: caycarem said: corporateclaw said: I have been eyeing GME (also strangely enough, every single day this week it opened slightly above 37, dipped slightly under 37 within an hour, and then popped up over 37 and always closed slightly above 37) for earning coming up. I think there are a number of reasons they will surprise (positively) this earnings. But now I don't know what to make of them leasing 165 Radioshack stores to sell mobile phones. That seems just, like, really bad.
EDIT: Though the street seems to like it. I don' get these people... Company has an impervious moat to competitors and a fan base that almost rioted when that moat was threatened by MSFT and the street hates them. Then it gets a pop off of announcing that it is diving into the last ditch prayer of the B&M store. I wouldn't touch GME at this time it'd rather short it
Would you mind sharing why? I mean long term, MSFT and Sony are eventually going to kill GME, but they won't during this generation of consoles and (if I had to wager) I'd say they probably won't during the next generation of consoles. I think that this quarter is going to surprise based on the New 3DS and Amiibo numbers coming from out of nowhere in a time period that doesn't usually have a lot of games moved. But, like I said, this Radioshack/cell phone nonsense scares me. Too much competition , WalMart upping their used game sale, gamers are downloading games vs going to store. Buying RadioShack stores is an unknown gamble in the crowded mobile phone market ( everyone sells phones). Stock does look cheap though
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