Quote Originally Posted by DELTAprime View Post
Ok, so I asked Micheal Pachter who is a Wall Street financial analyst that covers video game companies including Gamestop (AKA EB Games) about Gamestop's financial situation. He said that if Gamestop did nothing and just let the business continue to lose money at it's current rate they still have about 7 or 8 years before they would be forced to shut down. So I figure they probably won't be shutting down stores in the next 18 months or so, especially since they have a potentially big financial win coming their way next November with the PlayStation 5 and Xbox Scarlett launching.

That said they are making changes to their business so that they can survive longer than 7 to 8 years.
Joshy is correct. From what I understand, Gamestop recently had its share price drop to its lowest point in about 15 years. Together with sales revenue being down 10%, equity being down, there is talk about cost efficiencies that will be implemented which could include store closures as bricks and mortar are seen as one of their weaknesses at the moment due to the competitiveness of online stores. Now if that happens, it is likely to impact upon EB Games. If there are store closures, the EB Games website terms and conditions have some very interesting terms which, to paraphrase, let them cancel preorders at any time...

Do I think it will happen? Probably not. But then again a lot can happen in the next 18-24 months, especially with Trump sending the US economy (and global economy with it) down the toilet and talks of recessions being possible. I would not dismiss concerns based off the word of one analyst.