kn on 12 December 2007
I have not recently, but I'm considering shorting GME (Gamestop). Their P/E is currently 41 and i don't think they will hold their current price. Other companies are getting into the used game business which will put pressure on margins. It may not be in the next couple of quarters but GME certainly has more downside than up in my opinion.
I hate trolls.
Systems I currently own: 360, PS3, Wii, DS Lite (2)
Systems I've owned: PS2, PS1, Dreamcast, Saturn, 3DO, Genesis, Gamecube, N64, SNES, NES, GBA, GB, C64, Amiga, Atari 2600 and 5200, Sega Game Gear, Vectrex, Intellivision, Pong. Yes, Pong.
