What the hell is going on with GameStop (NYSE:GME)?
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I don’t understand the broad general appeal of the store. Basically, the business model is a pawn shop based on a specific market, paired with retail sales. I’ve seen the posts about kids using it as a bank with returns and pre-orders in the past, but I don’t see anything but declining sales as everything goes digital and physical copies of games become more and more obsolete. I know there’s a demand but I see it declining and I can’t see accessories keeping them afloat.
I understand all of the hype of a market and whatnot, I just think that someone is going to be left holding onto a stock that should be worth $80 or less, eventually.
Can anyone explain why it’s actually a good business model? I’d rather order/buy games from the local game shop with the occasional Best Buy special.