Thursday, March 27, 2014

GameStop Crashes

Wow, $GME - GameStop getting crushed today.  It will be interesting to see how the company reinvents itself in an era where game consoles are relying more on the cloud and network than physical discs and cartridges (remember those?).

I haven't bought the Xbox One or PS4, yet.  Watching and waiting.  I will probably end up with one at some point, just to keep up with what's going on.  Will I buy at GameStop?  Probably not….  AMZN!

Video-game retailer GameStop (GME) on Thursday disappointed investors with fiscal fourth-quarter sales and earnings that came in below Wall Street's targets. GameStop also came up short with its 2014 earnings guidance.

Plus, the company said it expects to close about 2% of its stores this year.

GameStop stock was down 7.5%, near 36, in morning trading on the stock market today.

Sent from Surface Pro

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