Playing at GameStop

I was bullish on the shares of GameStop (GME) at the end of May. Since then, the stock is up 57%. I said investors would buy the stock ahead of the holiday season and with Black Friday at the end of this week and Christmas right around the corner, I decided I would update my thesis. 

There's no denying that GameStop in on a roll. Last Thursday. GME reported better-than-expected third quarter fiscal 2013 results.  Revenue rose 18.8% to $2.11 billion. Same-store sales rose a staggering 20.5% driven by demand for recently-released games such as Grand Theft Auto V. New software sales grew 43.1%. Hardware sales surged 15.3%, driven by sales of Nintendo 2DS and 3DS gaming systems. Analysts believe Game Soft's software market share grew 5% and its hardware share tacked on another 7%....286 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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