GAMESTOP CORP GME
March 23, 2012 - 9:22am EST by
member
| 2012 | 2013 | ||||||
| Price: | 23.16 | EPS | $2.87 | $3.20 | |||
| Shares Out. (in M): | 137 | P/E | 8.0x | 7.2x | |||
| Market Cap (in $M): | 3,173 | P/FCF | 7.0x | 6.3x | |||
| Net Debt (in $M): | -655 | EBIT | 650 | 700 | |||
| TEV (in $M): | 2,518 | TEV/EBIT | 3.9x | 3.6x | |||
Description
| show sort by |
You are not eligible to view 29 messages. To gain access to more recent message posts signup free for membership.
| 68 | |
If you are going to short GME I would say you need to have a VERY high degree of conviction on the secular thesis. Stock is still very cheap with a great balance sheet and generating... login to read the rest | |
| 65 | |
To bring up a point made much earlier on the thread: No one may need to collude or orchestrate the demise of used game marketplace if it becomes superseded with an effective digital distribution replacement... login to read the rest | |
| 64 | |
Thanks for the response. I'm not sure I buy the GME "educating" the consumer argument but it's a point well made. My general view is that in today's connected retail environment, we are all pretty... login to read the rest | |
| 63 | |
As it relates to the banning of used video games, to be successful, the console industry would need to colude... if one console maker, say PS4, did not support used video games, they would not get... login to read the rest | |
| 61 | |
Hard drive space is limited on these consoles. File sizes are large. For most of america, download speeds are still cumbersome. And if UBB ever comes along, the economics will likely not work at all.
There... login to read the rest | |
| 59 | |
I was not touting the greatness of the stock, I was dropping cold hard facts and a few near term projections. And given the still relatively high short interest level, there is a very sizeable near term long... login to read the rest | |
| 58 | |
You must have missed Sony's announcement that they are going to put games on the PS3 online store available from Day 1.
http://techland.time.com/2012/09/27/sonys-day-1-digital-downloads-how-much-longer-until-retails-demise/
I predicted this and it will take effect from Oct 2012. They're starting with... login to read the rest | |
| 57 | |
Onlive is dead.
Zynga was a fad.
NPD comps are easing.
New consoles are on their way.
used iPhones are flying off the shelves.
GME is taking a ton of market share.
a large dividend is now being paid.
Skylanders will be huge,... login to read the rest | |
| 56 | |
I believe the UK market is brutal because of competition from the large retailers that are located in close proximity to Game Group stores... this compares to a typical Gamestop store located in a strip... login to read the rest | |
| 54 | |
Hearing that short interest is now up to 72m shares and cost to borrow is up to 10% (was 4% only a few weeks back)... this is like a pressure cooker in the making... very... login to read the rest | |
| 52 | |
Onlive is a very cool service and probably where the distant future is headed once the broadband catches up with the architectural ambition. With today’s bandwidth latency will be a killer but even throughput is... login to read the rest | |
| 49 | |
It is interesting to read the posts about how the barriers to digital adoption may be overcome and how GameStop may be cut out of the distribution of video games - I mean that sincerely, I... login to read the rest | |
| 47 | |
1) I would be surprised if there was still a substantial difference in compression efficiency between PCs and consoles, now that both have similar general-purpose hardware. Current-gen consoles do have very small physical memory compared... login to read the rest | |
| 44 | |
On the potential for a price cut...yes, I think that cutting the price in half would make up for the loss of residual value that they attribute to the used game (though you would still... login to read the rest | |
| 41 | |
Broadband penetration will increase and broadband speeds will get faster over time. However, two offsetting factors are that game file sizes will continue to get larger and MSOs will likely bring down caps and increase... login to read the rest | |
| 39 | |
It is more than just the file sizes that cause the difference in PC game download times. I am far from an expert on this topic, but I know that it also has to do... login to read the rest | |
| 38 | |
“Possibly the biggest reason why digital distribution has taken off in PC gaming is because the file sizes are much smaller. A typical PC game is something like 1.6 GB whereas for Xbox 360 it... login to read the rest | |
| 37 | |
Interesting that you mention that GameStop has lousy locations. I'm not sure if that's true or not (they have 4,500 stores in the U.S. so I would imagine they are all over the board) but... login to read the rest | |
| 36 | |
Possibly the biggest reason why digital distribution has taken off in PC gaming is because the file sizes are much smaller. A typical PC game is something like 1.6 GB whereas for Xbox 360 it... login to read the rest | |
| 33 | |
If both do in tandem, they should still care because the cost for them to develop the system will still cost the same but the market will be substantially smaller - you are making the system... login to read the rest | |
| 32 | |
If Box Xbox and Playstation do it in tandem then they shouldn't really care, right? As some of the used game pie will flow into the new game pie (perhaps only part of it), and... login to read the rest | |
| 31 | |
Yes, rumors like this are very common - the same rumors came out before the PS3 was launched (http://www.joystiq.com/2005/11/08/playstation-3-wont-play-used-games/)
Very hard to disprove a rumor that doesn't name any source. All I can say is that there... login to read the rest | |
| 28 | |
I have no idea about the precise timing and the probability of the cuts in the upcoming generation, but using AAPL’s design decisions (arguably, not a bastion of consumer freedom and flexibility) as a proxy... login to read the rest | |
| 26 | |
I suspect (but have no data to back it up), that the main reason used game market for PC games has been insignificant was due to the relative ease of piracy on an open platform. ... login to read the rest | |
| 25 | |
Haha, yes it was a joke...
PC games are differnent than console games because there has never been a used market for PC games - that is one of the reasons why digital downloading has taken... login to read the rest | |
| 23 | |
Biffins,
I love your conviction. $100,000 that the next HD console to get announced supports physical media. Please take the other side. I respect your opinion, and I'd love nothing more than your $$$.
Jackblack | |
| 22 | |
I have been hearing a lot about all of the different threats to GameStop's used business over the last couple years. EA's Online Pass was going to kill the used game business. DLC was going... login to read the rest | |
| 21 | |
I don't understand the publisher/developer gripes about the selling of used games that you reference. If I go on craigslist and sell my iPad, do those profits belong to Apple because they made the iPad? ... login to read the rest | |
| 20 | |
“The second is people who never buy the game new but rather wait to buy the game used. A digital model could not replicate the experience for the second type of situation since that person is currently able to buy... login to read the rest | |
| 18 | |
I just spent the last hour downloading a 250mb update to Grand Turismo V... it took me about an hour to download (all the while I could not watch TV) and I have a very... login to read the rest | |