Quote Originally Posted by Raider View Post
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.
Sure, ignore what the actual financial expert says and spread some FUD.

I work at a retailer that has had a ton of FUD spread about it by the media. What is actually going on vs what the media reports is massively different. Media today doesn't care about telling a story accurately, they care about getting clicks. Saying Big W is shutting down half its stores and thousands of people will be out of work was far more "newsworthy" than the reality of the situation.

Is Gamestop in a good financial situation? No. But are they shutting down tomorrow? No.

The big three-quarters of a billion-dollar loss that we all freaked out about was just a one-off accounting thing where they had to write an investment down as a loss. It had no impact on the day to day operation of the company. If it wasn't for that accounting issue they would have made a small profit.

Don't go by media reports, it's not "fake news" but it is written in a way to get clicks instead of properly relay the facts in an easy to understand manner.