GameStop (NYSE: GME) has lost about 60% of its value since late 2013 due to the fear that the retailer’s sales of physical video games will be rendered obsolete by digital downloads. That pain was exacerbated by an ongoing decline in mall traffic and the growth of e-commerce rivals.
As a result, many bears have dismissed GameStop as the “next Blockbuster”. However, I’ve been watching GameStop for a while, and it might be smarter to buy GameStop at these levels than to sell it.
Source: Getty.