Are You Brave Enough To Buy GameStop Stock?

Filed under: Earnings Reports, Microsoft (MSFT), Wal-Mart (WMT), Target Corp. (TGT), Sony Corp ADR (SNE), Best Buy (BBY), Nintendo (NTDOY), GameStop Corp (GME)

Oh, GameStop (GME) is one tough stock for me to look at, let me tell you. Earlier in the year, I took a lousy loss on it, only to see the shares rebound. After the rebound, they started to go down again. And now, with international issues destroying the markets, there's added confusion following the release of the company's first-quarter report.



The chart, as they say, says it all. Over the last twelve months, the stock has confounded the traders (well, maybe I should just speak for myself and say it's confounded me). There's been no solid direction to the shares as players attempt to figure out exactly where the business model is going. Can it withstand the threat of games-by-download? Can it compete with the casual titles people play on mobile platforms? And what about Best Buy Co., Inc. (BBY), Target Corporation (TGT), and Wal-Mart Stores, Inc. (WMT)? They want their share of the industry, too. As an example, Wal-Mart wants to engage used entertainment software.

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Are You Brave Enough To Buy GameStop Stock? originally appeared on BloggingStocks on Thu, 20 May 2010 18:30:00 EST. Please see our terms for use of feeds.

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