Why Investors Should Love GameStop Earnings
In this video, Blake Bos describes why investors should be bullish on GameStop . This past quarter showed the company beating estimates, which comes on a track record of improving cash flow and an announcement that both Playstation 4 and Xbox One will support used games, which GameStop makes a large portion of its profits from currently. Investors will have to wait to see how the new system launches go at Christmas, but in the meantime should focus on mobile and digital downloads. These represent the some of key areas in the future for GameStop, and investors need to watch carefully how GameStop adapts to the evolving reality that its old business model is becoming a dinosaur.
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The article Why Investors Should Love GameStop Earnings originally appeared on Fool.com.Blake Bos has no position in any stocks mentioned. The Motley Fool owns shares of GameStop. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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