John Doe 1973's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/208953/comments http://seekingalpha.com/article/86184-the-agriculture-boom-goes-bust?source=feed#comment-211488 211488 Tue, 22 Jul 2008 10:43:06 -0400 http://seekingalpha.com/article/80938-gamestop-consensus-needs-to-catch-up-to-reality?source=feed#comment-184248 184248
Less than half of those people that own PS2s currently own a next gen console and when they finally upgrade that will lead to increase software sales. Isn't this a simple but powerful formula for comp store sales growth? As far as market share is concerned, new game prices are mostly fixed giving the bigger players no real advantage, and GameStop will continue to have its monopoly on used games. I don't see serious risks in either of these areas.
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Less than half of those people that own PS2s currently own a next gen console and when they finally upgrade that will lead to increase software sales. Isn't this a simple but powerful formula for comp store sales growth? As far as market share is concerned, new game prices are mostly fixed giving the bigger players no real advantage, and GameStop will continue to have its monopoly on used games. I don't see serious risks in either of these areas.
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2) Blockbuster? The only Blockbusters I know are in the middle of suburbia, hardly close to any like shopping. The Gamestops I know are in malls and in other locations with a lot of foot traffic and exposure. Location, location, location.

3) Current gen console are NOT orientated towards full game downloads. Typical network connections are NOT currently fast enough to make frequent (next gen) game downloads feasible either. Package goods are going to dominate for at least another 7-10 years. You can't tell me the market is starting to discount this stock for something that might happen 7 years from now!

4) At $40 this stock would be trading at 13-15 times forward earnings...that below both the industry and sector averages, for a company that is certainly going to outgrow the average next few years. Is this rational?]]> Thu, 12 Jun 2008 06:13:05 -0400
2) Blockbuster? The only Blockbusters I know are in the middle of suburbia, hardly close to any like shopping. The Gamestops I know are in malls and in other locations with a lot of foot traffic and exposure. Location, location, location.

3) Current gen console are NOT orientated towards full game downloads. Typical network connections are NOT currently fast enough to make frequent (next gen) game downloads feasible either. Package goods are going to dominate for at least another 7-10 years. You can't tell me the market is starting to discount this stock for something that might happen 7 years from now!

4) At $40 this stock would be trading at 13-15 times forward earnings...that below both the industry and sector averages, for a company that is certainly going to outgrow the average next few years. Is this rational?]]>