John Doe 1973

Comment Stream

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • The Agriculture Boom Goes Bust
    If natural gas is such a drag on this sector, why has a dip in Natural Gas prices not resulted in an increase in Ag stock value?
    Jul 22 10:43 am |Rating: 0 0 |Link to Comment |View article
  • Gamestop: Consensus Needs to Catch Up to Reality
    There are 15 million PS3 sold and this install base is growing. MSG is effectively the "Halo" of the console, so that's easily 6-7 million sales. There are 10 million WOW subscribers. Yes they are hardcore, but there are *10* million of them. The majority of those individuals will buy the expansion, so that's another 7-8 million sales. These numbers seem pretty significant to me.

    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.
    Jun 12 12:02 pm |Rating: 0 0 |Link to Comment |View article
  • Gamestop: Consensus Needs to Catch Up to Reality
    1) Big games have shipped? Have you heard of Metal Gear Solid, Gears of War 2, Spore, World of Warcraft: Wrath of the Lich King, and the sequels to last year’s hits (ex. Guitar Hero, Call of Duty, Rock Band)? The sure fire million+ sellers (ex. Madden, Fifa, Need for Speed)? How about a little game just over the horizon called Starcraft 2? How about the fact that less than half of ps2 owners have a next gen console at this point? How can you possibly say that the main product cycle is winding down? Haven't you heard that the current console cycle is projected to be longer than the last (6-7 years)? Sorry, but you just don't sound like you know your gaming at all!

    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?
    Jun 12 06:13 am |Rating: 0 0 |Link to Comment |View article

John Doe 1973's Comments Stream Stats

  • 3 Comments, 0 , 0
  • Total Comment Stream rating - = 0