Anyone think GS stock will drop below $21? Sales are down and Im wondering if there swith bundles are selling? I dont own the stock but i might jump in if it drops below 20.
It probably will, but just as easily could go back to $30. 7% dividend is hopefully safe.
I own some GME stock, and the problem is Wall Street thinks future gaming is going to be all digital purchases like Oculus Rift games.
Wall Street ignores Main Street, who wants to shop at Gamestop to get physical media that holds some value. With the U.S.'s population growth, and loyal current gaming generations Gamestop is well positioned for the future in my opinion.
That's not to say areas with 3 Gamestop stores within a mile of each other won't scale back to maximize economies of scale.
Friday WS had a temper tantrum Gamestop wouldn't forecast that the Switch demand would keep up indefinitely, will not see revenue this year from delayed Red Dead Redemption 2, and maintained annual guidance.
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