News Breaks |
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| August 12, 2012 |
| 20:18 EDT |  | GME | GameStop could fetch $25 or more in a buyout, Barron's reports
The game is far from over for GameStop (GME) shareholders, who just might be big winners in the end, Barron's contends. GameStop has a strong balance sheet and trades for just 5x earnings. Its debt-free, has about $2.50 of cash per share and pays a 3.6% dividend. Some contends that GameStop also could attract private-equity or other financial buyers, given its digestible stock-market value -- $2.2B vs Best Buy's (BBY) $7B -- and super-low valuation. Any bid probably would be at least $25 a share, Barron's reports. One thing GameStop could do to lift the stock is to significantly boost its dividend. Reference Link |
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News For GME From The Last 14 Days Check below for free stories on GME the last two weeks. |
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| May 21, 2013 |
| 15:40 EDT |  | GME | GameStop off lows after Microsoft says Xbox One will allow resale of games
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| 15:39 EDT | | GME | Microsoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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| 15:24 EDT | | GME | Microsoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link |
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| 15:17 EDT | | GME | GameStop at lows of session, down 3.5% to $37.42
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| 11:45 EDT |  | GME | GameStop May volatility elevated at 114 on sharp two-month rally into Q1
GameStop May call option implied volatility is at 114, June is at 47, July is at 39, October is at 38; compared to its 26-week average of 39 according to Track Data, suggesting larger near term price movement into the expected release ofQ1 results on May 23. |
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| 08:38 EDT |  | GME | GameStop price target raised to $46 from $35 at Sterne Agee
Sterne Agee believes that GameStop's shares could advance further, as the firm thinks that the company can generate significantly higher than expected earnings in the next few years. Sterne Agee keeps a Buy rating on the stock. |
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| May 14, 2013 |
| 13:21 EDT | | GME | Take-Two rises after results beat expectations
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| May 7, 2013 |
| 09:26 EDT | | GME | GameStop price target raised to $44 from $35 at SunTrust
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| 07:26 EDT | | GME | GameStop price target raised to $43 from $36 at Piper Jaffray
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