Gamestop (GME) has been a big winner ever since we recommended it to our members and our blog readers. We’ve seen gains of 55% in less then 6 months.
But can these sales last? Yes, and we believe earnings are going to start looking even better. Used games and accessories from the PS3 and Wii are now flowing into Gamestop. These used products are sold with a much higher margin then new game, which will increase earnings quite a bit. Gamestop should continue to do very well through the rest of 2007 and into 2008.
Comments (2)
I think my kids alone keep our local store running. I wish I would have bought stock in GameStop at the beginning of the year.
Posted by Mark | August 15, 2007 4:11 PM
I also love this stock but it's very volatile.
Posted by Anonymous | August 17, 2007 9:43 PM