PooperScooper said:
Lol madskillz - I'm calling BS on these shortages and ask people to explain the shortage to me. Everyone (cough starcraft cough) just says "Look in stores its a fact they are short" even when I give facts why they SHOULDNT be. He thinks I'm arguing there is no shortage, but I'm arguing the shorts are BS. Your explination is the only one that makes sense. |
Not sure what you want in terms of evidence PooperScooper but if you checked amazon,gamespot and just about most online retailers the elite has been sold out or selling out for months now while yes you can find the premium here and there. For local stores really is up to where you live and in my area the shortage is noticeable. The analysis agree and even gamespot has come out and said it.
http://www.gamedaily.com/articles/news/gamestop-shares-fall-on-xbox-360-shortage-supply-may-be-an-issue-for-months/0/19401/?biz=
Earlier we reported on the supply issue Microsoft has been facing with its Xbox 360. According to Corporate VP Jeff Bell some retailers have been "really upset," and he noted that it may hurt sales as well. The news is apparently already having an effect on leading video game retailer GameStop, whose shares (GME) have dipped nearly three percent to $45.91 (as of press time). The company's shares hit a low of $44.88 during morning trading.
According to UBS analyst Ben Schachter, "supply will remain an issue for at least a few months. This near-term issue creates a buying opportunity in GME in our view."
Although GameStop may be slightly hurt in the near-term, over the long-term UBS remains quite bullish on the retailer. "...GME's growth story remains intact longer-term. We believe the co. will continue to expand margins from debt reduction and mix improvements (higher software sales vs. hardware and more used software vs. new). Moreover, while 360 supply issues may impact industry growth a bit, overall we remain bullish on industry fundamentals. Finally, GME continues to execute, establishing itself as the game retailer of choice," Schacter said.
UBS has upgraded GME to a "Buy" rating (thanks to the opportunity presented by the 360 supply issue) and is maintaining a price target of $64.
Tonight's NPD data (which we should have in a few hours) is expected to reflect the Xbox 360 shortage and the four-week January period (vs. last January's five weeks).
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Again not sure what prove you want or what would make you happy to understand there is a shortage. Maybe it will make you feel better to think MS is doing it on purpose which could be the case who knows.
