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• Consumers can't stop buying electronics

  Posted Sep 10 2008, 12:11 AM by Anthony Mirhaydari
  Rating:
  Filed under: retail, Wal-Mart, Best Buy, GameStop, economy, Anthony Mirhaydari
  Money Blog: Top Stocks Blog - MSN Money

  

  In the face of mounting job losses and falling real incomes, Americans are living on borrowed time. So spending on consumer goods is bound to drop, right? 

  Investors have prepared for this by avoiding, or shorting, discretionary consumer stocks. Top of the list for many were the purveyors and creators of electronic devices -- HDTVs, computers, car stereos, cell phones, and the like.

  In fact, spending on these items actually increased between June and July as consumers cut back elsewhere, according   Read More...

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• There's no stopping GameStop

  Posted Mar 06 2008, 01:39 PM by Robert Walberg
  Rating:
  Filed under: retail, Wal-Mart, Best Buy, Target, GameStop
  Money Blog: Top Stocks Blog - MSN Money

  

  Not skyrocketing energy prices, not the rising foreclosure rate, not even the slowing U.S. economy will stop GameStop from posting monster sales and earnings gains when the company reports its fiscal fourth quarter earnings in less than two weeks.

  Bolstered by strong demand for video game hardware systems such as the Wii and Xbox 360, and continued strength in software sales, the world's leading video game retailer is expected to deliver Q4 earnings of $1.12 per share on revenue of $2.9 billion, -- well above last year's results of 82 cents and $2.3 billion.

  Normally, a stock would rally into such news. But these aren't normal times. GameStop is down 32% from its December 2007 high, as investors flee any and all stocks tied to the consumer.  However, unless you're a gamer or are related to one, you might not understand that GameStop actually stands to benefit competitively from a downturn.  Unlike Target, Best Buy or Wal-Mart, GameStop sells used games and game consoles.  In fact, sales of pre-owned merchandise now represent about 25% of total sales.   Read More...

  Discuss ( 2 comments) 1,645 Views Digg this | Email this | Link to this