I have to agree with him here.
Following the announcement yesterday that Amazon was to offer site credits for pre-owned videogames, Lazard Capital senior analyst Colin Sebastian has released an investor note for GameStop playing down, in his view, the impact the move will have on the bricks-and-mortar retail chain. However, investors didn't necessarily agree, with GameStop's share price falling significantly further than the market average - by 14 per cent to USD 23.46. "We do not expect a significant impact on GameStop's used business as a result of Amazon's new trade-in program," wrote Sebastian, noting that although there would be "more competition for trade-ins... GameStop used should continue to thrive. "We believe the primary risk to GameStop from Amazon's initiative is greater competition for inventory of used games, and the potential for trade-in values to increase. "Our survey of ten games on both sites suggests that the Amazon merchant is offering a slight premium to GameStop for a number of trade-ins. However, the Amazon initiative also requires users to mail in the game to NorAm, which will then determine the eligibility of the game to receive the trade-in value. "We note that GameStop previously tested online trade-ins, which had limited customer acceptance due to the turnaround time required to receive store credit." Sebastian maintained his Buy rating on the retailer, and his USD 31 price target. |
Originally Posted by Liability ![]() Only idiots sell to gamestop, anyway. Or any middleman, for that matter. |
Originally Posted by Kuntz ![]() Ha, suck it ladies: http://www.ebgames.ca/graphics/pdf/p...twanted_en.pdf Proof is in the pudding. |
Originally Posted by OpTicaL ![]() Because he said SOLD, not TRADE-IN. He also did not mention if it was USD or some other currency. |
Originally Posted by Kuntz No, 4 days ago I got: -$30 for Call of Duty 3 for 360 -$37 for Gears of Wars 1 Both of these games sat unused for years, and there's no way a normal person would pay so much for such old and crappy games. I traded in two of my crappiest game and got Street Fighter 4 out of it. |