GameStop Earnings Are a Gold Mine

The past five years haven't been kind to investors in GameStop (NYSE: GME  ) , but the company's recent earnings suggest that the times could be quickly changing. After reporting earnings last week, the company's share price is up nearly 8%, and it's climbed than 100% year to date. These share-price gains are largely a function of the next-generation consoles from Sony and Microsoft supporting used games, but judging from GameStop's most recent earnings release, the party could just be getting started.

Investors should check out the following video, as Motley Fool analyst Blake Bos discusses the most recent quarterly results and why he thinks the company is poised for a very big 2014.

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  • Report this Comment On August 25, 2013, at 12:01 PM, Terikan wrote:

    It's a sick joke. EA loses out on the used games fiasco, but they are both going up. Can't really be both, and new games cycle should have been priced in long ago.

    Hedge funds are pushing GME up, and will likely dump it next quarter. Nothing wrong with riding it up as long as you mind the support/res. But just know it's not a quality stock and it's price isn't fundamentals driven by any means.

    As a hardcore gamer I can't remember the last time I was even in a gamestop. Either a game is worth purchasing and collecting, or it's a rental. Used games are cheaper off Amazon.

    Not only that, but gamestop employees are allowed to open games prior to release, play them, grease them up with their sweaty palms, even scratch them sometimes, then put them back in the box and sell it as a new copy. I'm not making this up.

    If a game has more demand than their supply, they will gladly take your preorder money and then put you on a waiting list the day it comes out.

    Horrible company, and it's revenues WILL shrink.

  • Report this Comment On August 25, 2013, at 1:37 PM, uuddlrlrabbass wrote:

    I agree with Terikan. My household is a gaming household and if I can remember correctly the last time I even stepped foot in a gamestop was when Army of Two had came out and it they wanted 8 games in trade which if I had sold myself would have gotten easily 4 times the asking price but foolish and not very knowledgeable me at the time traded. If any stock goes up it is from media boosting about it because I will never shop a Gamestop again but rather to fellow gamers on Craigslist. I personally would not buy any of this stock.

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9/26/2016 4:01 PM
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