Gamestop Earnings, Part 2
Thanks to DQ reader Tim Meier for paying attention when I wasn't:If you read between the lines on Gamestop's recent press release, their revenue increase is actually bad news instead of good news. That's because even though their Sales jumped 119%, their revenue only jumped 14%.
That's all true, and my review of that earnings announcement was incredibly sloppy. Gamestop has basically doubled the size of their company (with the acquisition of EB) and increased their earnings by fifteen percent?
I'm still holding firm that they will have big problems later this year. They're still holding firm that I don't know what the hell I'm talking about.
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