Credit Suisse Analyst Raises Outlook on Gamestop Inc. -11/25/09 at 9:30 AM CSTby Perry Rod

Credit Suisse analyst Gary Balter, who earlier this year raised alarm about Gamestop Inc. (NYSE:GME) when Amazon Inc (AMZN) announced a move into the used game business, is now raising his outlook for Gamestop's fiscal year ending in January.  Balter raised his 2009 earnings per share estimate from $2.46 to $2.54 and his 2010 estimate from $2.70 to $...

Gamestop Inc. CEO Suggests 2010 Growth Modeling Expectations Are High... -11/19/09 at 10:18 AM CSTby Perry Rod

In response to a question about possibly having another 20% year over year software growth year as seen for the company in 2008, Gamestop (NASDAQ: GME) CEO Dan DeMatteo said in a conference call with analysts that Gamestop's early expectations for 2010 growth is not for 20% but rather for "strog single digits to maybe low double digit growth." Analysts e...

Gamestop Inc Will Die, They Say, But Publisher Actions Speak Louder T... -10/29/09 at 12:54 PM CDTby Perry Rod

Gamestop’s closest U.S. comparable is Best Buy (BBY).  Analysts for Best Buy Inc. are predicting an 8% year over year EPS growth rate.  Based on current trading prices, BBY trades at a P/E ratio of around 13. Meanwhile, analysts project a 14% year over year EPS increase at Gamestop Inc (NYSE:GME).  With higher analyst growth expectati...

California Lawmakers Try To Sneak in Sales Tax on Amazon.com Inc. and... -10/22/09 at 9:22 PM CDTby Perry Rod

The Sacramento Bee reported today that California’s Democratic lawmakers and Republican Governor Arnold Schwarzenegger are working on putting in a version of the so-called “Amazon tax” into a large new California tax bill.  New York has a similar law in effect today. Amazon.com Inc. (AMZN) began collecting sales tax in New York in J...

NPD Results Delayed for Gamestop Corp, Activision, Take Two Interacti... -10/15/09 at 5:27 PM CDTby Mahyar Hashemi

Video game investors will have to wait a couple more business days to see September's NPD results for video game software and hardware sales.  "We have just released a communication to our clients, explaining that, due to last minute processing requirements, the NPD Video Games Retail Tracking information for September 2009 will now be released on Mo...

Wedbush Morgan Upgrades Gamestop (GME) -10/08/09 at 10:59 AM CDTby Perry Rod

Calling Gamestop's guidance "conservative" and citing valuation, Wedbush Morgan senior analyst Michael Pachter raised his rating and price target for Gamestop to $34 and "Outperform". "We expect industry sales to return to positive territory in September, and think that GameStop is well positioned to recover as well. " Gamestop is up around 3% this mornin...

Xbox 360 Pricecut Welcomed By Interactive Entertainment: Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod

At the GamesCom conference last week, eyebrows were raised when Microsoft did not announce a pricecut of the 360 after Sony announced their PlayStation 3 console's drop to $299. Over the weekend, however, a Wal Mart (WMT) advertisement distributed by video game website Kotaku and also another regional chain advertisement appear to confirm the coming of a ...

Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts, Game... -08/18/09 at 12:57 PM CDTby Perry Rod

There is a universal sigh of relief in the interactive entertainment industry today as Sony has just announced at the end of their Gamescon 2009 presentation that the new PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).  That will also be the new price for all PlayStation 3's for sale on the market starting tomorrow, August 19, 2009. Kotak...

Summer Meltdown For The Video Game Industry -07/30/09 at 8:18 AM CDTby Perry Rod

Sony and Nintendo reported disappointing numbers in Japan overnight. Nintendo Wii sales dropped 57% year over year from 5.17 million to 2.23 million units worldwide.  Sales of PlayStation 3 dropped 31% year over year from 1.6 million to 1.1 million units worldwide.  PS3 software sales were down 35% in that same period.  The PlayStation Port...

As Game Group PLC Struggles, Gamestop Shares Feel The Heat -07/02/09 at 3:20 PM CDTby Mahyar Hashemi

Shares of Game Group fell 13.4% in London trading as preliminary earnings results for the first half of the year failed to meet market expectations. "Our sales performance to date, together with our gross margin increases and continued cost focus, means that we expect to deliver first half profits before tax and non-recurring costs in line with plan at be...

Nerd Investors And Gaming Dorks Join Forces To Proclaim The End of Ga... -06/21/09 at 8:17 PM CDTby Perry Rod

If you're a person who makes a living making money in the finance world, I would think you're probably a totally "cool" guy.  You're the life of a party, amazingly handsome, and with the most seductive personality.  After all, isn't that what makes for a great financial analyst? You're probably a lot like cool video game industry writers who, t...