GME (Update)

GameStop Corp.

Consumer


Presented:10/29/2013
Price:$54.41
Cap:$6.36B
Current Price:$21.27
Cap:$9.07B

Presented

Date10/29/2013
Price$54.41
Market Cap$6.36B
Ent Value$6.21B
P/E Ratio12.51x
Book Value$18.38
Div Yield3.4%
Shares O/S116.90M
Ave Daily Vol474,000
Short Int16.73%

Current

Price$21.27
Market Cap$9.07B
GameStop Corp. operates as a video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned video game products; personal computer (PC) entertainment and other software in various genres, including sports, action, strategy, adventure/role playing, and simulation; digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software; video game accessories and other products, such as controllers, memory cards, headsets, and other add-ons, as well as strategy guides, magazines, and gaming-related toys; and mobile products, including tablets and accessories, smartphones, and MP3 players. The company sells its products primarily through its GameStop, EB Games, and Micromania stores. It also operates electronic commerce Websites comprising gamestop.com, ebgames.com.au, ebgames.co.nz, gamestop.ca, gamestop.it, gamestop.es, gamestop.ie, gamestop.de, gamestop.co.uk, and micromania.fr. In addition, the company operates kongregate.com, a browser-based game site; Spawn Labs, a streaming technology company; a digital PC distribution platform available at gamestop.com/pcgames; iOS and Android mobile applications; and an online consumer electronics marketplace available at buymytronics.com. As of April 4, 2013, its retail network and family of brands included 6,602 company-operated stores in 15 countries worldwide. The company, formerly known as GSC Holdings Corp., was founded in 1994 and is headquartered in Grapevine, Texas.

Please note, this is an update to Long - GameStop corp. (GME), which was originally presented on 4/18/2013.

Highlights

GameStop’s (GME) stock has appreciated to $54 from $32 when the presenter last pitched it. He believes the investment case is actually better today than it was at the beginning of 2Q 2013. He remains long shares, and has more conviction that the shorts on GME have it wrong heading into the holiday season, and 2014, based on a number of new developments, including GME’s 49% ownership of Simply Mac and progress made with its used electronics business.

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Idea Discussion

Commentor 1 - 2 weeks ago

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