But at the end of the day, tricks and manipulation can only get you so far. When quarterly filings show poor performance and stores start shutting down, I don't see how they (and by extension their share price) could possibly recover or increase. The issues they face aren't some temporary storm they have to weather, it's a permanent change in consumer's buying habits and the market as a whole. Even outside of retail sales, the entire gaming industry has been in shambles for several years now with no change in sight.
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shepherdpie@midwest.social
@shepherdpie@midwest.social
A forum for discussing and organizing recreational softball and baseball games and leagues in the greater Halifax area.
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GameStop selling 500+ stores because of "woke". -
GameStop selling 500+ stores because of "woke".>I really just threw in my covid check but what really made me think it's still worth is the original guy who saw value when the stock was worth less than $7 doubled his position and still to this day is holding on. He knows more than me and he saw this happening and probably sees something else too that I don't understand so whatever I'm still holding a good amount of GME. But if you step back and see the forest for the trees, what place do they have in this economy when most new games are digital purchases and trend more and more toward that with each day? They aren't selling retro game and only deal with current stuff and their prices are insanely high compared to the digital storefronts. The chotchkis alone (Funko pops and TShirts) aren't enough to sustain all the overhead for a company this large. They've tried to branch out into PC gaming accessories but who's going to go there versus online?