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Gamestop Corporation (GME) [hlAlert]

Rating:
Buy GME
down 9.95 %

Gamestop Corporation (GME) rated Buy

Posted on: Saturday,  Jan 26, 2008  11:35 PM ET by THE ZACKS TOP 10 of 2008 revealed

THE ZACKS TOP 10 of 2008 revealed rated Buy Gamestop Corporation (NYSE: GME) on 01/16/2008, when the stock price was
$51.31. Since then, Gamestop Corporation has lost 9.96% as of 12/10/2015's recent price of $46.20.
If you would have followed this THE ZACKS TOP 10 of 2008 revealed's recommendation on GME, you would have lost 9.95% of your investment in 2885 days.

GameStop Corp. (GameStop) is a retailer of video game products and personal computer (PC) entertainment software. The Company sells new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise. As of January 31, 2009, the Company operated 6,207 stores in the United States, Australia, Canada and Europe, primarily under the names GameStop and EB Games. During the fiscal year ended January 31, 2009, GameStop operated its business in four segments: United States, Canada, Australia and Europe. On April 5, 2008, GameStop acquired Free Record Shop Norway AS. In July 2008, the Company purchased certain assets and Website operations from The Gamesman Limited, a video game and entertainment software retailer, including eight stores in New Zealand. On November 17, 2008, GameStop France SAS, a wholly owned subsidiary of the Company, acquired SFMI Micromania SAS.

Zacks Top 10 Stocks for 2008 are based on the the following: Stock #1: Biopharmaceutical giant on a growth spurt. Several recent government approvals have already jump-started sales and earnings growth. One of the company’s drugs may soon be approved to treat a second disease. Stock #2: Food company feeds on higher prices. This market leader has pushed through price increases, and looks ahead to annual double-digit growth for fiscal 2008. Stock #3: Electronics firm with shining prospects. They’re cashing in on the silicon shortage by supplying companies that make solar panels. Already they have more than $15 billion in orders over the next 10 years. Stock #4: Chinese power company becomes more powerful. They increased power generation by double digits in a country that’s thirsting for consumable energies. Stock #5: Video game seller to win big. Now is the time to own this stock. Profits from next-generation video game systems are expected to pour in for at least the next two years. Stock #6: Beverage bottler toasts the future. This is the first full year the company will offer its recently acquired water franchise. They’re continuing to diversify for greater growth and earnings. Stock #7: Chemical producer finds formula for growth explosion. Emerging Asian markets are accelerating the demand for their chemical products. A new plant will help them ramp up production. Stock #8: Supplier to oil companies fueled by high prices. Recently, this brilliantly run firm acquired a competitor that broadens their already varied product line as well as their geographical footprint. Stock #9: Industrial-strength supplier engineers dynamic growth. Strong margins, geographical diversification, and great management make for a winning combination. Stock #10: Wireless carrier wires into new revenue sources. Already established in developed markets, they’re targeting emerging markets for mega-gains in 2008. And they pay a healthy dividend.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/16/2008 4:00 PM Buy
1 year
51.31
as of 12/24/2008
1 Week up  8.60 %
1 Month up  15.74 %
3 Months up  21.30 %
1 YTD down  -33.19 %

(*) Stock Price at the time of the recommendation.
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