Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

GameStop Financials

GameStop Reports 2009 Holiday Sales Results in an unusual bit of financial reporting for a nine-week period. They say: "Total sales for the period were $2.86 billion, flat from prior year sales. New stores continue to perform very well while comparable store sales for the period decreased 8.6%." As a result they have lowered their fourth quarter 2009 guidance. Here's what seems to be the oddest quote in the announcement, as we can't figure out how price cuts cause sales declines: "Hardware sales declined 8% due to recent console price cuts and a decline in unit sales on a year-over-year basis."

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

6. Re: GameStop Financials Jan 7, 2010, 10:59 Stormsinger
 
Verno wrote on Jan 7, 2010, 10:39:
Growth is a pretty basic part of the equation with regards to profit and sales anyways. Let's say you have $10,000 to invest in a videogames company InBlack. Do you want to invest it in the company that is making money and showing signs of continuing to make more? Or do you want to invest it in the company that appears stagnant or worse?

Certainly you're correct in today's real world, but there's no reason why it -has- to be that way. Growth is not a requirement to make a profit, and profit is what makes money for actual investors. Growth is primarily important to market speculators, who make their money from stock prices. In other words, it's not a -real- value...it's just an illusion that props up the fictional value on the exchange (think the difference between gold-backed and fiat dollars).

Myself, I'd really rather find a company that had a steady and -sustainable- profit to invest in, rather than looking at the illusionary value of the stock market. But I'll admit that this is a philosophical stance, and probably not the one most likely to maximize my profit.
 
Reply Quote Edit Delete Report
 
Subject
Comment
     
 
      ;)   ;)   :(   :(   :o   :o   %)   %)   :)   :)   :|   :|   ;P   ;P   X|   X|   :D   :D   More
 
Login Email   Password Remember Me
If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 
          Email me when this topic is updated.
 

Special Codes

  • b[bold text]b
  • i[italic text]i
  • u[underline text]u
  • -[strikethrough text]-
  • c[code text]c
  • +[bullet point]+
  • q[quote text (indented)]q
  • [quote="Author"]quote text (indented)[/quote]
  • [url=Link]text[/url]
  • r{red text}r
  • g{green text}g
  • b{blue text}b
  • m{maroon text}m
  • s{secret text (shows in the background colour)}s

Forum Rules

  1. Disagree all you want but attacks of a personal nature will not be tolerated.
  2. Ethnic slurs and homophobic language will not be tolerated.
  3. Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
  4. Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.


footer

Blue's News logo