Sunday, January 20, 2008

Game Stop Stock Up 400% Since January 05

By now many of us are familiar with the red background sign and white lettering of the Game Stop corp. (GME). They are the nations largest retailer of both new and used video games and systems. You can get some real bargains on older used titles often for about $5. The company has over 4700 stores both in the U.S. and overseas. Each store usually carries nearly 5000 titles. The company also has a website (Gamestop.com), and publishes a gaming magazine (Game Informer) with over a 2.5 million circulation.
In january 05 the stock was at about $10 a share. One year later it was at $20. By May of 07 it was $35. By July $40. By September $60. In November it took a step back and fell down to about $50. By Christmas it had recovered and almost reached $65 a share. Since the holidays it has fallen again and it is back down to its November 07 levels with a close of $49.32 on January 18th 2008.
Despite the recent falling it has done the stock still represents a 400% increase over three years which is not too bad now is it. For every $1 you would have put into it in January of 05 you would now have $5 even with the market and its recent troubles the last several months.

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