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Jim Chanos' latest short suggestion: GameStop (GME -3.2%), which he sees as basically an analog...

Jim Chanos' latest short suggestion: GameStop (GME -3.2%), which he sees as basically an analog business in an era of digital distribution, and thus vulnerable to Blockbuster-style obsolescence. “It's cheap; boy is it cheap," Chanos cracks. “And boy is it in a bad business. This one will appear cheap all the way down." His barbs have moved several stocks today: I, II.
Comments (1)
  • J Mintzmyer
    , contributor
    Comments (4148) | Send Message
     
    Two problems here:

     

    1) GME is debt-free, so Blockbuster/Borders outcome is very unlikely

     

    2) GME has its foot in the digital doorway with Impulse, Kongregate, Jolt Gaming, and Spawn Labs.
    17 Oct 2011, 03:51 PM Reply Like
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