StockIceMan's Weekly Stock Pick
Week of
September 20th, 2004
| Stock: |
Gamestop Corporation |
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| Ticker Symbol: |
GME - NYSE - Retail Technology |
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| Buy: |
18.25 to 18.75 |
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| Sell: |
24.00 + |
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Info: |
GameStop Corp. is a
specialty retailer of video game and personal
computer (PC) entertainment software in the
United States. The Company carries an assortment
of new and used video game hardware, video game
software and accessories, PC entertainment
software and related products, including action
figures, trading cards and strategy guides. As
of January 31, 2004, it operated 1,514 stores in
the United States, Puerto Rico, Ireland and
Guam. GameStop carries a constantly changing
selection of more than 5,000 stock keeping units
(SKUs) of electronic game merchandise in most
stores. In addition, it operates a Website at
www.gamestop.com and publishes Game Informer, a
multi-platform video game magazine, with over
1,500,000 subscribers. In March 2004, the
Company purchased a new 420,000-square-foot
facility in Grapevine, Texas |
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| Financial Info: |
For the 26 weeks ended
7/31/04, revenues rose 14% to $717.3M. Net
income increased 9% to $14.4 million. |
|
|
| Key Ratios: |
Current
Ratio: 1.75 , Total Debt/Equity: 0.00,
Trailing P/E: 17.23x, Forward P/E: 13.59x, Price/Book:
1.67, Price/Sales: 0.60. |
|
|
| Share Info: |
There are 56.23
million shares outstanding with 20.10
million shares in the trading
float. Institutions own
approximately 39.49% of the shares outstanding.
There have been no insiders buying or selling shares in the last six months.
Real-Time SEC
Filings
As of 8/9/2004, there were 2.53 million shares short.
Net Institutional Buying: 526,000 million shares: prior to latest
quarter. |
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| Articles: |
Eyeing a Discount on
Hastings |
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