Forum Overview
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Wall Street Kid
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POINT: GameStop is actually a good long term hold!
[quote name="Dumbshit Redditor"][quote]Honestly, after listening to Mark Cuban on CNBC or whatever channel he called into, the more I think about the stock, the more I legitimately think that it has an opportunity to be a good long term hold - not just a meme stock. $1.77 billion in holiday Q sales, with almost 40% from e-commerce is great on its own, but the thing that really got me thinking is "why does it make sense to go to Target or Best Buy to buy games, consoles, or accessories? Tha fuq do they know about games?" Games aren't going away. I think DFV is right about the physical game purchase numbers not going away for a long time. Accessories seem to always be important to gamers, so if Gamestop can expand their selection both online and in-store, why would you order something online and have to wait if the Gamestop near you has exactly the controller, or whatever you want? Then add in all the stuff they aren't doing. Why not sell board games and things like that? Why do I have to buy board games in a dank, sad, store run by the fucking comic book guy or from Amazon? Even shit like puzzles could sell considering that toy stores have pretty much disappeared. DFV's point from his video about them focusing on in person gaming, both tabletop and console/PC makes sense too as a way to bring people into the store even when they aren't intending on buying something. They've got 5,509 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. That's a solid fucking footprint in a lot of valuable markets - and imagine if they started to do something like really run with their idea of turning stores into in-person gaming places and start serving coffee, food/snacks, and maybe even beer and wine. I know a lot of people that would like a comfortable, clean, nice place to get a group of people together to play tabletop games that serves food and drinks and doesn't try to kick people out. In fact I've been to a brewery / coffee shop in Portland that did exactly that and it was full of people on a weekday night.[/quote] [/quote]