GameStop (NYSE: GME ) is trading at its 52-week highs, but GameStop stock may be in for a cruel surprise when it reports quarterly results on Thursday.
Analysts see revenue and earnings declining, and the near-term outlook doesn't appear too rosy. Microsoft (NASDAQ: MSFT ) and Sony (NYSE: SNE ) will hit the market in a few months with new gaming consoles that feast on connectivity to deliver games and other forms of entertainment. Why is a physical retailer of a fading medium trading so high?
In this video, longtime Fool contributor Rick Munarriz explains why GameStop stock may be a bad investment this week as it heads into what could be a problematic report.
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