GME
GameStop Corp.
Consumer
10/27/2014
Presented
| Date | 10/24/2014 |
| Price | $42.03 |
| Market Cap | $4.74B |
| Ent Value | $4.76B |
| P/E Ratio | 11.68x |
| Book Value | $18.38 |
| Div Yield | 3.5% |
| Shares O/S | 112.67M |
| Ave Daily Vol | 2,600,000 |
| Short Int | 33.55% |
Current
| Price | $21.27 |
| Market Cap | $9.07B |
| GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. The company sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; personal computer (PC) entertainment 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, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; strategy guides, magazines, and gaming-related toys; and mobile and consumer electronics, including new smartphones, tablets, headphones, and accessories, as well as pre-owned smartphones, tablets, and MP3 players. 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; Game Informer magazine, a physical and digital video game publication; 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. Further, it operates Simply Mac, a certified Apple products reseller; Spring Mobile, an authorized AT&T reseller operating AT&T branded wireless retail stores in the United States; and pre-paid wireless stores under the name Aio Wireless. As of July 30, 2014, the company operated approximately 6,600 stores in 15 countries. It has strategic partnerships with Shelfbucks. The company, formerly known as GSC Holdings Corp., was founded in 1994 and is headquartered in Grapevine, Texas. |
Publicly traded companies mentioned herein: Activision Blizzard Inc (ATVI), Electronic Arts Inc (EA), GameStop Corp (GME), Microsoft Corporation (MSFT)
Highlights
After a 15-point drop to the mid-$30s to start the new year (2014), shares of GameStop (GME) have recovered to the low $40s. The stock has been quite volatile, and the presenter thinks an inflection point may be nearing. He is short at current levels and sees the benefits from the latest console upgrade cycle waning, as well as potential for increasing digital download activity (particularly for new video game releases) to have a negative impact on the company’s performance.
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