IS GAME STOP THE NEXT BLOCKBUSTER? $GME $NFLX $CMCSA $MSFT $AAPL $GOOG $AMZN
Game Stop is a retailer with about 6,600 stores, mostly selling physical video games. Shrink-wrapped video games are becoming obsolete; it is only a matter of time before consumers stop buying them. So why buy the stock? Looking at Game Stop GME the stock has run up 25%, as show on the chart, since it reported lousy earnings on March 27, 2014. It is being highly promoted by bullish gurus who seem to be oblivious to the history of what happens when the landscape changes. Please click here for an annotated chart of GME. In my mind, there is an