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Discussion Starter #1
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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.

http://www.gamesindustry.biz/article...ct-on-gamestop
 

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Discussion Starter #4
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Originally Posted by Liability
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Only idiots sell to gamestop, anyway. Or any middleman, for that matter.

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.
 

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Originally Posted by Kuntz
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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.

I'm not too inclined to believe this. GoW sells for $25 used, or $30 new. CoD3 sells for $13 used. If you did indeed get these prices, it was an error on the part of the employee and certainly not what everyone else is getting.
 

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Discussion Starter #6
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Originally Posted by Liability
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I'm not too inclined to believe this. GoW sells for $25 used, or $30 new. CoD3 sells for $13 used. If you did indeed get these prices, it was an error on the part of the employee and certainly not what everyone else is getting.

EBGames has a Top 100 List where any game on that list is one of their top used sellers. Both COD3 and GOW were on the list, so I marched down to the store and that's what I got. Anything on that list gets a minimum of $30 according to them, and the most is $37. Also remember, used game prices differ from store to store, city to city.
 

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Originally Posted by Kuntz
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EBGames has a Top 100 List where any game on that list is one of their top used sellers. Both COD3 and GOW were on the list, so I marched down to the store and that's what I got. Anything on that list gets a minimum of $30 according to them, and the most is $37. Also remember, used game prices differ from store to store, city to city.

Well, these games sell for less new than what they paid you for used. If they are indeed paying this much for a used game, only to turn around and sell it at a loss... Then it's no wonder their stock is tanking.
 

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Quote:


Originally Posted by Kuntz
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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.

yeah i don't believe this either, the gamestop in my city has a maximum of 20 dollars for trade-in values.
 

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Discussion Starter #9
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Originally Posted by 13 3 @ 7 l 3 13 0 y View Post
yeah i don't believe this either, the gamestop in my city has a maximum of 20 dollars for trade-in values.
So I just woke up and decided to lie about something so meaningless because...?
 

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I hate EB games and Gamestop. I only buy from them if I can't find the game I'm looking for at other places.

I also never trade in games cus I don't buy crap games to start with.
 

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Quote:

Originally Posted by Kuntz View Post
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.
Why are people having such a hard time believing that Kuntz sold these games for a total of -$67 dollars?
 

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Originally Posted by Kirmie View Post
Why are people having such a hard time believing that Kuntz sold these games for a total of -$67 dollars?
Because they resell them for less.

... Oh, the negative sign. I see what you did there
 

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Discussion Starter #14
EBGames sells used games for $5 less than the same game new. Always has, always will.
 

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Quote:

Originally Posted by Kuntz View Post
So I just woke up and decided to lie about something so meaningless because...?

Quote:

Originally Posted by Kirmie View Post
Why are people having such a hard time believing that Kuntz sold these games for a total of -$67 dollars?
Because he said SOLD, not TRADE-IN. He also did not mention if it was USD or some other currency.
 

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Discussion Starter #18
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Originally Posted by OpTicaL View Post
Because he said SOLD, not TRADE-IN. He also did not mention if it was USD or some other currency.

Quote:

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.
Wow OpTicaL, you really fail at basic reading comprehension. Get a life and stop trolling peoples news posts.
 
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