GameStop Earnings Are a Gold Mine
The past five years haven't been kind to investors in GameStop , but the company's recent earnings suggest that the times could be quickly changing. After reporting earnings last week, the company's share price is up nearly 8%, and it's climbed than 100% year to date. These share-price gains are largely a function of the next-generation consoles from Sony and Microsoft supporting used games, but judging from GameStop's most recent earnings release, the party could just be getting started.
Investors should check out the following video, as Motley Fool analyst Blake Bos discusses the most recent quarterly results and why he thinks the company is poised for a very big 2014.
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GameStop still has big challenges ahead of it, with the growing trend of digital distribution for games, and evaluating the company after the PS4 and Xbox One's lifecycle still proves problematic. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks built for the long term to help you retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article GameStop Earnings Are a Gold Mine originally appeared on Fool.com.Blake Bos and The Motley Fool own shares of GameStop and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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