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News Breaks | | | | 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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