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GameStop Profits Up

GameStop Corp. net income rises 12% has word that profits were up for the third quarter at GameStop, in spite of a global recession, the widely reported decline in gaming, and the even more widely reported shift to digital distribution. Word is: "third-quarter net income rose 12% to $52.2 million, or 31 cents a share, from $46.7 million, or 28 cents a share in the year-ago period. Sales at the Grapevine, Texas video game retailer rose 8% to $1.83 billion."

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12. Re: GameStop Profits Up Nov 19, 2009, 21:49 LittleMe
 
IMO this rise reflects the early stages of high inflation, which will hit the whole US because they bailed out the banks and other industries with 25+ trillion dollars of digital money. The dollar is already dropping on international markets. Increased sales as a figure of dollars transacted doesn't mean much.  
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Political freedom can only be preceded by economic freedom which is preceded by monetary freedom.
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  1. Nov 19, 10:16 Re: GameStop Profits Up FreonTrip
  2. Nov 19, 10:29  Re: GameStop Profits Up UttiniDaKilrJawa
  3. Nov 19, 11:59   Re: GameStop Profits Up Kxmode
  7. Nov 19, 12:30    Re: GameStop Profits Up Ray Marden
  8. Nov 19, 12:45     Re: GameStop Profits Up UttiniDaKilrJawa
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  4. Nov 19, 12:02 Re: GameStop Profits Up Verno
  5. Nov 19, 12:10 Re: GameStop Profits Up Techie714
  6. Nov 19, 12:12 Re: GameStop Profits Up Verno
  10. Nov 19, 13:02 Re: GameStop Profits Up Bumpy
  11. Nov 19, 14:33  Re: GameStop Profits Up the_culture
>> 12. Nov 19, 21:49   Re: GameStop Profits Up LittleMe
  13. Nov 20, 09:02    Re: GameStop Profits Up sliv


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